1. CPD course for directors of investment companies and investment funds
Malta
17 February 2015

2. FATCA

3. What is FATCA? Foreign Account Tax Compliance Act
Detect and deter evasion of US tax by US persons by requiring foreign financial institutions to
Identify US persons
Report information on US persons
Withhold payments to US persons

4. How does FATCA fit into global taxation
Morality
Globalisation
Avoidance
Transparency
Media & public perception
Compliance
Complexity
Stability
Gathering Revenue

5. FATCA timeline Cut-off for pre-existing versus new accounts
End of the first year for which reporting is required
Extended deadline for IGA countries to register to get GIIN no
Report to Commissioner of Revenue for year ended 2014
KYC resolved for pre-existing accounts over $1m
Information made available to IRS
KYC resolved for pre-existing accounts under $1m

6. Am I caught or not? Am I an FFI?
Am I a reporting FFI or non-reporting FFI?
Should I register for a GIIN and how?
What should I report and when?
What if I haven’t registered, don’t report or get it wrong?

7. What else should I be worried about?
OECD Common Reporting Standards
UK FATCA
Base Erosion Profit Shifting
UK Diverted Profits Tax

8. What does this mean for me?
Morality
Globalisation
Avoidance
Transparency
Media & public perception
Compliance
Complexity
Stability
Gathering Revenue

9. Any questions

10. Contact us New York 675 Third Avenue 21st Floor NY 10017 United States
London
One London Wall
Level 10
EC2Y 5HB
United Kingdom t:
Luxembourg
65 rue d’Eich
L-1461 t:
Hong Kong
Unit 4103, 41/F
Tower Two, Lippo Centre
89 Queensway t:
Chicago
444 N Wabash Avenue
5th Floor
IL 60611 t:
Dublin
1st Floor
27-29 Pembroke St. Lower
Dublin 2
Ireland t:
Switzerland
Boulevard Georges Favon
43 - RDC
Genève CH-1204
Singapore
37th Floor
Singapore Land Tower
50 Raffles Place,
Singapore t:
Cayman Islands
The Harbour Centre
42 North Church St
PO Box 10387
Grand Cayman
KY1-1004 t:
Channel Islands
13 Broad Street
St Helier
Jersey JE2 3RR t: