In 2013, financial businesses will wake up to a new tax compliance reality. The Foreign Account Tax Compliance Act (FATCA) mandates full disclosure of offshore bank accounts and other foreign investment accounts by U.S. taxpayers, and will affect banks, insurance companies, investment and mutual funds organizations as well as asset management firms.
Compliance will be understandably challenging, and costly; but non-compliance can ruin a well-earned reputation. The question on everyone's mind is whether they have done enough to mitigate the risks associated with FATCA. Even better, many want to turn this business disrupter into their competitive differentiator.
You are invited to learn the answers at our upcoming seminar. Designed for CFOs, Finance Managers, Risk Managers, Auditors, and those from the Banking, Financial Services and Insurance sector, you will gain key insights about FATCA and how different organizations can mitigate associated risks.
• Charles Kinsley, Principal, Hong Kong Corporate Tax, KPMG China, will provide an update as to the current FATCA status, regional awareness and some insight into the pros and cons of FATCA intergovernmental agreements.
• Dr Paul Sin, Senior Managing Consultant, Financial Services Sector, IBM Global Business Services will showcase FATCA challenges, and how to transform your compliance to value while avoiding reinventing the wheel. He will also show how IBM can help with its rule-based technology solution.
We look forward to making FATCA into your advantage.