Foreign Account Tax Compliance Act: Does Your Client Comply?

ALI-CLE Webcast

02/11/2013 12:30 p.m. - 02:00 p.m. EST

Corporate Finance | Capital Markets, Federal Tax, and Taxation | Europe


Joseph Marano
(212) 336-4316

To access the presentation materials, click here.

The Foreign Account Tax Compliance Act (FATCA), enacted in 2010 as part of the Hiring Incentives to Restore Employment (HIRE) Act, is an important development in U.S. efforts to combat tax evasion by U.S. persons holding investments in offshore accounts. The Webcast will be a concise overview of FACTA and its impact in the capital markets practice area.

Discussion includes:

  • Background of FACTA;
  • The FACTA 30% Tax on “withholdable payments” and on “passthrough payments”;
  • Intergovernmental Agreements; and
  • Impact of FACTA on capital markets transactions.


  • Lisa Chippindale, Royal Bank of Canada
  • Thomas A. Humphreys, Morrison & Foerster
  • Remmelt A. Reigersman, Morrison & Foerster

ALI CLE will provide CLE Credit.

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