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August 25, 2009
Webinar: Understanding the New Qualified Intermediary (QI) Program for Foreign Financial Institutions
Sutherland Partner Carol P. Tello is speaking on a Webinar: Understanding the New Qualified Intermediary (QI) Program for Foreign Financial Institutions, August 25, 2009, from 12:00 p.m. to 2:00 p.m. ET. Carol is presenting "Understanding the New Qualified Intermediary Program for Foreign Financial Institutions: Issues Under the Current Regulations." She will discuss the benefits and burdens of QI status, as well as key QI issues under the current rules.
As governments have stepped up their attempts to stem the flow of money and assets into tax havens, the IRS QI program has come under intense scrutiny and undergone changes in the last year. Under the QI program, foreign financial institutions agree to collect information and taxes on behalf of the U.S. government related to interest and dividends paid by U.S. financial institutions into foreign accounts. Foreign financial institutions that do not join the QI program are required to forward documentation about each account holder to U.S. financial institutions. The presenters will discuss changes in the QI program and explain how the government is collecting information about money held in and paid into foreign accounts.
For more information and to register for this event, click here.