The Knowledge Congress Has Scheduled a Live Webcast on FATCA for Government Agencies: What You Need to Know in 2015 Live Webcast
New York, NY, March 28, 2015 –(PR.com)– The Knowledge Group/The Knowledge Congress Live Webcast Series, brings together the world’s leading authorities and industry participants through informative two -hour webcasts. It has scheduled a live webcast entitled: “FATCA for Government Agencies: What You Need to Know in 2015 Live Webcast.” This two-hour event is scheduled on June 30, 2015 from 12:00 pm – 2:00 pm (ET)
Event Synopsis:
In an effort to increase tax compliance and head off potential tax evasion activities of U.S. citizens abroad, the 111th United States Congress has enacted the Foreign Account Tax Compliance Act (FATCA) on March 18, 2010. It requires foreign financial institutions (FFIs) to report to the Internal Revenue Service (IRS) the information on the financial assets held by U.S. persons overseas. A number of countries such as Canada, France, and Japan have signed intergovernmental agreements (IGAs) with the U.S. to strengthen the implementation and compliance of the countries’ respective financial institutions.
This continuous advancement of FATCA as a standard business procedure poses a critical need for Governments and tax authorities to establish robust practices that will ensure risk mitigation and compliance management. They must integrate a comprehensive solution that will address various FATCA legal and data complexity issues which are expected to arise if they want to succeed in implementing FATCA. It is significant they develop forceful solution selection process to maximize opportunities FATCA Solution market offers.
In this two-hour live Webcast, a panel of distinguished professionals and thought leaders will help Governments and tax authorities understand the important aspects of this significant topic. They will provide an in-depth discussion of FATCA implementation as well as related issues. Speakers will also offer best practices in developing and implementing an effective FATCA Solution Selection Process.
