FATCA-2013 and Beyond

December 18, 2012

Tax lawyer Stuart Schabes co-presented “FATCA – 2013 and Beyond” at The Perfect Storm: US Tax Legislation and IRS Compliance 2013, a program hosted by Philip Stein & Associates and ERM.

The discussion included:

  • FATCA introduction
    • Current Climate of Aggressive IRS
    • What does FATCA compliance mean?
  • The scope
    • Joint statements and bilateral agreements
    • United Kingdom and Switzerland
  • The details
    • What is required?
    • Timelines
  • Israel and what’s next
    • Israel-US FATCA agreement and Israeli financial institutions’ response
    • Current US enforcement efforts
    • “Son-of-FATCA”

View the Presentation [.pdf]