OECD Standard for Automatic Exchange of Financial Account Information in Tax Matters

NEW YORK - Nov. 3, 2015 - PRLog -- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: OECD Standard for Automatic Exchange of Financial Account Information in Tax Matters: What it Means for Your Business in 2015 and Beyond LIVE Webcast. This two-hour event is scheduled on December 16, 2015 at 3:00 PM - 5:00 PM ET.

Event Synopsis:

In July 2014, a new standard for automatic exchange and disclosure of financial information was released by the Organization for Economic Cooperation and Development (OECD). This document, The Standard for Automatic Exchange of Financial Account Information in Tax Matters, includes the Common Reporting and Due Diligence Standard (CRS) which will delineate the scope and nature of information that will be shared between countries, such as account information of individuals, trusts, and foundations.

In October, 2014, 51 countries signed a Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information. The Multilateral Agreement is based upon the Convention on Mutual Administrative Assistance in Tax Matters. It is unclear how the disclosures and exchange will integrate with existing bi-lateral arrangements such as FATCA.

In this CLE course, a panel of speakers assembled by The Knowledge Group will discuss OECD Standard for Automatic Exchange of Financial Account Information in Tax Matters: What it Means for Your Business in 2105 and Beyond. The speakers will provide advice to help you determine the future need and extent of any compliance with the new regulation.

Some of the major topics that will be covered in this course are:

·         OECD Standard for Automatic Exchange of Financial Account Information in Tax Matters

·         Terms of Reference

·         Peer Review Process by the AEOI Group

·         Common Reporting Standard and Due Diligence Standard (CRS)

·         Standardization of Information Disclosure

·         Fundamentals of the Multi-lateral Competent Authority Agreement

·         Future Potential Compliance Issue

·         Integration with Other Bi-lateral Agreements

Speakers/Faculty Panel

Dr. George Korenko

Partner

Edgeworth Economics LLC

Scott D. Davis, CPA, JD

Partner

WithumSmith+Brown,PC

For an updated list of the faculty panel, please visit:

https://theknowledgegroup.org/event-homepage/?event_id=960

About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series

The Knowledge Group, LLC brings together the world's leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.

Visit http://theknowledgegroup.org/  for further information and inquiry.