Alumni

Eco & Public Policy Forum - U.S. Taxation of Foreign Income and Assets (Part 1)

Chicago Booth Alumni Club of Chicago

March 26, 2014: 12:00 PM - 1:15 PM

Join us as we discuss the US policy of taxing worldwide income, repatriation of offshore balances, and the Foreign Account Tax Compliance Act (FATCA).

Where

Kopecky Schumacher Bleakley Rosenburg PC (Lake and LaSalle just North of the Thompson Center)
Suite 1620
203 N. LaSalle St
Chicago, Illinois

Event Details

Over lunch (which is included in the ticket price) we will look at how U.S. tax policy affects business activity and planning.We will also look at issues related to repatriation of income earned overseas and the use of overseas accounts to avoid U.S. taxation. Should the U.S. crack down on tax evaders or is the U.S. tax system overreaching?

 

Part 1 Foreign Account Tax Compliance Act (FATCA)

Pre-reading (appx. 18 pages total):

Foreign Account Tax Compliance Act, IRS (1 page)

http://www.irs.gov/Businesses/Corporations/Foreign-Account-Tax-Compliance-Act-(FATCA)

FATCA Frequently Asked Questions (FAQs), Deloitte, Q&A Numbers: 1-4, 13-17, 23-26, 31, 32, 35, 36, 39-42, 47-50, 62-64 (5-6 pages)

http://www.deloitte.com/assets/Dcom-UnitedStates/Local%20Assets/Documents/Tax/us_tax_FATCA_FAQs_061711.pdf

Americans Are Unwanted Worldwide (At Least By Banks), Robert W. Wood, Forbes, 01/01/14 (1 page) http://www.forbes.com/sites/robertwood/2014/01/01/americans-are-unwanted-worldwide-at-least-by-banks/

Soon to be released 'Common Reporting Standard' promises new FATCA-type obligations around the world, PWC Tax Insights from Global Information Reporting, January 9, 2014 (READ pages 1-2 only)

http://www.pwc.com/en_US/us/financial-services/publications/fatca-publications/assets/pwc-tax-insights-common-reporting-standard.pdf

Why FATCA is Bad for America, American Citizens Abroad, 08/09/2013 (6 pages)

http://americansabroad.org/issues/fatca/fatca-bad-america-why-it-should-be-repealed/

Call for FATCA Repeal Could Gain Momentum, CUNA, 01/02/14 (1 page)

http://www.cuna.org/Stay-Informed/News-Now/Washington/Call-for-FATCA-Repeal-Could-Gain-Momentum/

FATCA Repeal? Get with the Program!, Bloomberg BNA, Edward Tanenbaum, 06/07/13 ( 1 page)

http://www.bna.com/fatca-repeal-program-n17179874405/

Cost

Members/Guests: $14.00

Non-Members/Guests: $16.00

Registration

Register Online

Deadline: 3/26/2014

Questions

Elizabeth Bleakley 

312-636-6684

Contact Us