As governments have stepped up their attempts to stem the flow of money and assets into tax havens, the IRS qualified intermediary (QI) program has come under intense scrutiny and undergone changes in the last year. Under the QI program, foreign financial institutions agree to collect information and taxes on behalf of the U.S. government related to interest and dividends paid by U.S. financial institutions into foreign accounts. Foreign financial institutions that do not join the QI program are required to forward documentation about each account holder to U.S. financial institutions.
The Knowledge Congress has assembled a distinguished panel of government officials and bank advisers to discuss changes in the QI program and explain how the government is collecting information about money held in and paid into foreign accounts. Panel members will share their expertise in a LIVE two-hour Webcast.
Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Conference
Recommended CLE/CPE Hours: 2.0
(Please note, your State Bar or Accounting Board will make the final determination with respect
to continuing education credit.)
Advance Preparation: Print and review course materials
Course Code: 093865
Mayer Brown, LLP
Jonathan Sambur
Senior Associate
Carol P. Tello
Partner
Marvin S. Michelman
Firm Director
Thomas Dick, Partner,
DLA Piper LLP
Carol P. Tello, Partner,
Sutherland Asbill & Brennan LLP
Jonathan Sambur, Senior Associate,
Mayer Brown, LLP
and
Marvin S. Michelman, Firm Director,
Deloitte Tax LLP
Background, Overview Legislative Proposals
Current Regulations
Problems that have resulted in the new proposals.
Announcement (2008-98) and the response to it.
Current IRS thinking Regarding the Changes to the QI agreement.
- what is being considered
- what the obstacles are to meeting the IRS's changes.
- Multinational Companies
- Consultants
- FCPA Attorneys
This is a must attend event to everyone to hear the up-to-the minute updates, issues and developments concerning the New Qualified Intermediary (QI) Program.
- New guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A