A few months ago, no one had heard of the U.S. Foreign Account Tax Compliance Act (“FATCA”) outside of Washington DC. Last fall, non-U.S. market participants were incredulous when they learned that FATCA would, among other things, repeal the U.S. bearer bond rules and force many foreign banks to join the U.S. tax reporting system. In late March, however, the U.S. Congress passed the FATCA provisions and President Obama immediately signed them into law. These new provisions, which start to apply to some existing transactions on September 14, 2010, and which will become fully effective January 1, 2013, are likely to dramatically alter the way U.S. corporations raise funds abroad as well as the way many foreign investors invest in U.S. securities.
The panel will discuss:
Who Should Attend:
This event is intended for investment professionals, tax advisors, and both newly admitted and experienced attorneys.
CLE and CPD credit are pending for this event.