To have been a fly on the wall during these conferences yesterday and today

PEQ and the Associationn of Foreign Banks in Switzerland hold FATCA Conference 2012

FATCA Conference Agenda

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5 thoughts on “To have been a fly on the wall during these conferences yesterday and today

  1. 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)

  2. …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.

  3. Here’s a title of one of the 45 min presentations:

    “US clients: viable business model or
    toxic assets? Risks and rewards with US
    clients”

    My interpretation:
    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

  4. 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.

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