FATCA final regulations: what they mean to your business
Monday, 28 January 2013, 2013 15:00 GMT
Monday, 28 January 2013, 2013 16:30 GMT
Jesse Eggert, Associate International Tax Counsel, Office of Tax Policy, US Department of the Treasury, joins Ernst & Young LLP professionals to discuss the new final FATCA regulations.
On 17 January, Treasury and the IRS issued long-awaited final regulations on the Foreign Account Tax Compliance Act (FATCA). Many companies are near finalizing or have completed the initial assessment of how FATCA will impact their operations and business processes and are building detailed implementation plans. These regulations provide clarity for many of the issues that companies have been faced with as they determine how to implement the FATCA requirements. Ernst & Young LLP is hosting the first of a series of webcasts on the final FATCA regulations and related developments that will impact your business. Our panelists, including Jesse Eggert, from US Department of the Treasury, will provide an overview of the final regulations and discuss the following issues:
- Interaction between the regulations and the intergovernmental agreements on FATCA
- New timelines for due diligence, reporting and withholding and how these dates are aligned with the intergovernmental agreements
- Developments regarding the scope of payments not subject to withholding
- Developments regarding the treatment of investment entities
- Compliance and verification obligations of affected entities under the regulations
US Department of the Treasury, Associate International Tax Counsel, Office of Tax Policy
Ernst & Young LLP, International Tax Services
Barbara Angus comes to Ernst & Young LLP from Angus & Nickerson LLC, a consulting firm that developed legislative and regulatory solutions on a broad range of tax matters. There, she provided strategic advice to multinational corporations on tax policy matters before the Congress, the Treasury Department and the Internal Revenue Service. She also advised clients on international tax planning and compliance issues and tax treaty interpretation questions.
Barbara received an A.B. (mathematics and economics), magna cum laude and Phi Beta Kappa, from Dartmouth College. She received a J.D., cum laude, from Harvard Law School and an M.B.A. (finance and accounting), with high honors, from the University of Chicago Graduate School of Business. Barbara has been a member of the adjunct faculty in the LL.M. program at Georgetown University Law Center, teaching the course on tax treaties.
Ernst & Young LLP, Director of Information Reporting and Withholding Services
Debbie Pflieger is a member of Ernst & Young LLP's Banking & Capital Markets Sector practice and the leader of the information reporting and withholding group. Debbie advises clients on information reporting and withholding, assisting them in determining and complying with their many obligations in this area. Debbie focuses on both domestic reporting and withholding issues (Forms 1099 and backup withholding) and nonresident alien reporting and withholding issues (Forms 1042-S and Sec. 1441 withholding).
Debbie received a B.S. in Government from Georgetown University, a J.D. from Georgetown University Law Center and an LL.M. in Taxation from New York University. She was an adjunct professor at Georgetown University Law Center where she taught Federal Tax Practice and Procedure in the LL.M. program. Debbie is a popular speaker for external groups that focus on information reporting issues.
Ernst & Young LLP, International Tax Services
Julia Tonkovich is a senior manager at Ernst & Young LLP and has been a member of Ernst & Young LLP's International Tax Services practice in Washington, D.C. since 2002. Julia practices in the area of international tax, with a particular emphasis on various inbound matters, including treaty analyses and withholding issues, as well as entity classification and dual consolidated loss issues.
Julia received a B.A. in English from Stanford University, an M.F.A. from the University of Washington and a J.D. and LL.M. (Taxation) from Georgetown University Law School. Prior to joining EY, she taught at the University of Washington in Seattle; she also worked for Jardine-Fleming Securities in Seoul, and for Senator Max Baucus (D-MT) in Washington, D.C. She is an attorney and a member of the New York bar.
EY, Americas Director of Information Reporting and Withholding Services
John McMahon is EY's Americas Director of Information Reporting and Withholding Services. During his 23-year career, John has served in several capacities in both industry and public accounting. Since joining Ernst & Young LLP in 1999, John has focused on providing advisory services related to tax accounting methods, capitalization and recovery, and tax accounting services (FAS 109). John has worked in a variety of industries, with a particular focus in the manufacturing and consumer products sectors and financial services.
John received a B.S. B.A. in accounting from Creighton University. He also has taken graduate course work in taxation and law from the University of Nebraska and William Mitchell College of Law. John is a certified public accountant licensed in the state of Minnesota, and he is a member of the American Institute of Certified Public Accountants.