As follow-up to Mayer Brown’s Global Financial Markets Initiative teleconference on March 15, 2012 that discussed the implementation of FATCA, we have designed a more substantive webinar to delve deeper into FATCA and the implications of new information reporting and withholding tax obligations.
The Foreign Account Tax Compliance Act (FATCA) imposes new information reporting and withholding tax obligations on a wide range of non-US financial intermediaries (including non-US banks, non-US investment funds and collective investment vehicles, non-US CLOs and CDOs, and non-US insurance companies) that directly or indirectly have US investments, as well as US financial institutions that make payments to those non-US financial intermediaries.
Please join us as Jonathan Sambur and Donald Morris of Mayer Brown discuss in greater detail, the significant differences between the proposed regulations and prior FATCA guidance and the consequences of implementing FATCA via intergovernmental agreement.
Of Related InterestUpdate on the Recently Enacted FATCA and its Implications for Non-US-Based Financial Intermediaries
Teleconference recording: September 15, 2011