New videos have been posted of the GMU seminar on FATCA with Jesse Eggert and Jim Jatras.
First panel discussion at the George Mason Journal of International Commercial Law's Fall 2012 Symposium on the Foreign Account Tax Compliance Act discussing international and diplomatic concerns presented by the Foreign Account Tax Compliance Act. Participating were Mr. Jesse Eggert, US Department of the Treasury, Peter Deblon, German Embassy, and James Jatras, Squire Sanders LLP. Moderated by Michael Miles, Sutherland Asbill & Brennan LLP.
Second panel discussion at the George Mason Journal of International Commercial Law's Fall 2012 Symposium on the Foreign Account Tax Compliance Act discussing the operational challenges and costs of compliance with the Foreign Account Tax Compliance Act. Participating were Mr. Kenneth Werner, Richards Kibbe & Orbe LLP, Ms. Carol Tello, Sutherland Asbill & Brennan LLP, Mr. Alan Granwell, DLA Piper, and Mr. William Holmes, Internal Revenue Service. Moderated by Rachelle Perkins, Professor of Law at George Mason University School of Law.
A couple of thoughts:
1. I did not think the representitive of the German government was all that impressive. In fact I am beggining to think there is real cultural divide on FATCA between Canada and Europe.
2. The audio in part 1 with Jim Jatras and Jesse Eggert unfortionately is a little soft. However, the moderator actually I think did an okay job.
3. Jesse Eggert of Treasury actually seemed to admit the idea of repealing FATCA was not inconcievable as long as “something else” replaced it. In his mind though nothing else had or has been suggested to replace it.