- IFA New England Breakfast Meeting: Ropes & Gray hosted an IFA Breakfast on May 23, which featured a presentation on the recent Danish beneficial ownership cases by Eric Fort, tax partner at Arendt & Medernach.
- 12th Annual U.S. and Latin American Tax Practice Trends Conference: Kat Gregor recently spoke on a panel of leading experts on “Hidden Wealth”: The Global Campaign for Tax Transparency –the Latin Response” on June 13 in Miami, Florida. Topics included the Common Reporting System (CRS); Golden Passports; Economic Substance Requirements for Shell Companies; Beneficial Ownership Disclosure; Tax Haven Black Lists; and the OECD Global Forum on Tax Transparency.
- ABA Section of Taxation May Meeting: Elizabeth Smith moderated a panel of leading experts on “Administrative Practice Committee Important Developments” on May 10 in Washington D.C. Topics included Treasury and IRS guidance and regulations, court decisions, and other items germane to tax administration.
- 19th Annual U.S.-Europe Tax Practice Trends Conference: On April 3, Ropes & Gray, Kostelanetz & Fink, Katten Muchin Rosenman and Bougartchev Moyne Associés co-hosted a cocktail event, which allowed U.S. and international law firms, accounting firms and government representatives to network.
- FBA Tax Boston and Ropes & Gray Co-Hosted Event with Speaker Judge Joseph Nega of the United States Tax Court. On April 1, attendees were provided the opportunity to network and connect with practitioners from Boston area law and accounting firms, the Internal Revenue Service, local non-profit organizations and local law school students.
Kat Gregor was recently quoted in a Law360 article, “Foreign FATCA Criticism Unlikely To Spur Changes, which discussed how the U.S. Department of the Treasury is unlikely to change reporting requirements of the U.S. Foreign Account Tax Compliance Act in response to European complaints. Her remarks were also published in POLITICO Pro’s “Morning Tax” roundup.
Kat explained that it would be out of character for the U.S. Treasury to roll back FATCA reporting requirements, especially if Congress does not change the law that requires American citizens to pay taxes on their worldwide income. “Very few instances in history have I ever seen the Treasury Department decide as a policy matter that they’re just not going to collect tax,” she said.
She also noted if FATCA requirements were rolled back, the common reporting standard may need to be implemented. The Organization for Economic Cooperation and Development designed the standard as the global framework for tax administrations to share individuals’ bank account information.
To read the full Law360 article, including additional insight from Kat, please click here.