Posted on March 30, 2012 by bubblebustin Posted in Issues regarding US persons abroad 5 Comments PEQ and the Associationn of Foreign Banks in Switzerland hold FATCA Conference 2012 FATCA Conference Agenda Share this:TwitterFacebookEmailLike this:Like Loading...
Check out the PDF…..they gave the IRS 45 mins to sell FATCA to the attendees via a telephone conference (from DC I would guess)
…and a whole half hour in presenting enough evidence to determine whether we are “risks or rewards”. Surely everyone left with a many more questions than answers.
Could you post a working link that we don’t have to login into?
Here’s a title of one of the 45 min presentations:
“US clients: viable business model or
toxic assets? Risks and rewards with US
Risks –> Byzantine IRS policies, constantly changing and inconsistent regulatory framework at whim of lunatics in US Congress
Rewards –> Charge US clients much more for any banking services due to stated risks
It is remarkable that they asked the IRS for direct input in the middle of a Swiss Banks conference.
I wonder how many IRS meetings ask the Swiss Banks for their point of view.