Expert Panelists Dissect & Discuss Impact of Proposed FATCA Regulations on International Banking Community
ARLINGTON, Va., March 9, 2012 /PRNewswire-USNewswire/ -- The U.S. Treasury recently released 388 pages detailing new proposed regulations under the Foreign Account Tax Compliance Act ("FATCA"). The information reporting and withholding rules will have a pervasive impact on foreign financial institutions (FFIs) and on non-financial foreign entities (NFFEs).
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To this end, a panel of senior practitioners from the banking and legal communities will discuss and dissect how the new regulations will impact the U.S. banking industry in a new webinar from Bloomberg BNA on March 12, 2012, Banking and the Impact of the New FATCA Proposed Regulations.
Registrants can expect a lively discussion and dissection of the proposed regulations and an update on related enforcement issues. There will be sufficient time for attendees to pose questions to the panelists.
In 60-90 minutes, attendees will:
- Understand the impact of the proposed intergovernmental agreements
- Appreciate the evolution of guidance from the prior notices to the proposed regulations
- Know the next steps for banking institutions
- Fully understand the burdens of due diligence
- Understand the deemed compliant entities for banking institutions
About the Speakers
Carol Tello is a partner in Sutherland Asbill & Brennan LLP's Washington office and a member of its Tax Practice Group where she focuses primarily on international tax matters. Her practice includes a broad range of cross-border tax planning and Internal Revenue Service (IRS) controversy matters for both business entities and individuals. Much of her work has been for insurance companies in the cross-border context. She has particular experience in cross-border restructuring transactions, inbound corporate transactions, withholding matters, and treaty interpretation issues, as well as cross-border taxation of corporate executives and the U.S. taxation of non-U.S. citizens. She also advises clients on tax issues involving intellectual property transactions.
Her prior experience includes service in the IRS Office of Associate Chief Counsel (International) and as a Special Assistant to the Assistant Commissioner (International). While at the IRS, she participated in a number of income tax treaty negotiations, was the IRS National Office adviser in several Tax Court cases, and worked on various regulations and other guidance, including significant participation in developing regulations concerning the taxation of software transactions.
Carol is the author of the BNA TMP 915-3 Payments Directed Outside the United States - Withholding and Reporting Provisions Under Chapters 3 and 4, as well as numerous articles on various tax issues. She also has been recognized in Euromoney's The Guide to World's Leading Tax Advisers (2011).
Robert J. Foley, Bob heads the State Street Product Tax Department with professionals in Boston and Toronto. The Department advises on tax withholding and tax reporting affecting clients. Bob is the senior company-wide subject matter expert on tax treaty matters, the US FATCA tax legislation, and the US section 1441 regulations.
Bob has been a member of the OECD Collective Investment Vehicles (CIV) informal consultative group, and the US IRS IRPAC committee (Information Return Program Advisory Committee), where he was the LMSB Subcommittee chair for two years. Bob is a current business-side advisor to the OECD Treaty Relief and Compliance Enhancement (TRACE) group.
Alan Winston Granwell is an international tax partner resident in DLA Piper's Washington, DC office. Mr. Granwell's practice encompasses representing multinational corporations on cross-border planning, to include acquisitions, dispositions and business restructurings, IP migrations, services arrangements, repatriation planning, international insurance, international transportation, cross-border leasing, transfer pricing and the use of bilateral tax treaties. He also advises high-net-worth individuals on cross-border tax planning and structuring.
Recently, Mr. Granwell has become active in advising investors from emerging countries engaged in cross-border transactions involving the United States and Europe and in advising financial institutions and their clients on international tax enforcement initiatives. He conducts an active administrative practice, regularly representing clients before the Internal Revenue Service and the US Treasury Department.
Banking and the Impact of the New Proposed FATCA Regulations takes place March 12, 2012, from 11:00 AM – 12:30 PM, (ET). To register for this webinar and obtain further information about CLE and CPE credits, go to http://www.bna.com/banking-impact-new-w12884907786/?utm_source=newswire&utm_medium=PR&utm_content=TM&utm_campaign=Webinar-02152012 or (in the U.S.) call 800.372.1033, menu Option 6, then Option 1. The per site fee is $249.
To receive automatic, email notification of upcoming BNA webinars that may be of interest to you, go to: http://www.bna.com/emailsignup.htm
About Bloomberg BNA Webinars
Bloomberg BNA is the foremost source of tax and accounting research, news, practice tools, and guidance for tax attorneys, CPAs, corporate tax managers, estate planners, and financial accountants. Designed for today's busy practitioners, our webinars offer the same expertise and relevance that are the hallmark of all Bloomberg BNA resources. In just 60-90 minutes, practitioners gain in-depth knowledge on a current tax or accounting topic from experts in that area — and benefit from practical applications that can be put to work immediately. Conference attendees have the opportunity to ask the speakers questions, and may be eligible to earn CLE or CPE credits — all from the convenience of their own office or conference room.
About Bloomberg BNA
Bloomberg BNA, a wholly-owned subsidiary of Bloomberg, is a leading source of legal, regulatory, and business information for professionals. Its network of more than 2,500 reporters, correspondents, and leading practitioners delivers expert analysis, news, practice tools, and guidance - the information that matters most to professionals. Bloomberg BNA's authoritative coverage spans the full range of legal practice areas, including tax & accounting, labor & employment, intellectual property, banking & securities, employee benefits, health care, privacy & data security, human resources, and environment, health & safety.
SOURCE Bloomberg BNA
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