Everything You Never Wanted to Know About FACTA, Tax Compliance and US Expatriation

Wednesday 18 November 2015

6:00 for 6:30 pm followed by a reception

Notre Dame Law School
1-4 Suffolk Street, London, SW1Y 4HG

Many of our clients and contacts are American, married to an American or are doing business with an American. The Foreign Account Tax Compliance Act or FATCA, was introduced to prevent tax evasion, money laundering and terror financing but there have been unintended consequences for the 8.7 million Americans living abroad. FATCA, combined with the Foreign Bank Account Report (FBAR), combined with the United States' unique taxation system based on citizenship rather than residency has resulted in the highest level of Americans giving up their citizenship in history.

This Panel will look at three aspects of this issue:

Prof. Colleen Graffy, Chairman of SEAL; Visiting Professor, Notre Dame Law School; Pepperdine law professor and Former Deputy Assistant Secretary of State Colleen will give a brief overview of the law, the unintended consequences, and what legal and political actions are being taken to redress the problems--from repealing FATCA, to pending court cases and potential tax reform.

Stephanie Olivier, Senior Manager of Frank Hirth Business Tax Group
Stephanie will provide information on what is required to be compliant with the laws, the consequences for non-compliance--and what to do if you are not compliant.

Anastasia Tonello, Managing Partner of Laura Devine Attorneys LLC, New York; Global Head of the US Immigration Team and Partner of Laura Devine Solicitors, London; and AILA's Second Vice President
Anastasia will outline the process of expatriation from an immigration perspective.

6:00 - 6:30 pm Registration & refreshments
6:30 - 8:00 pm Panel discussion (including Q&A)
8:00 - 9:00 pm Drinks reception

Please RSVP by Monday 16 November to maria.lapachet@lauradevine.com