Mar 11 - Conference to Demystify FATCA and Tax Investigations
Leading global law firm Latham & Watkins and leading Isle of Man law firm Dougherty Quinn (“DQ”) will be running their successful “Global Tax Investigations & FATCA in practice” conference in Gibraltar on 25 March 2015, in conjunction with The Gibraltar Association of Compliance Officers (“GACO”) and the Gibraltar Funds and Investments Association (“GFIA”).
Set aboard the Sunborn Yacht Hotel, the conference will ‘provide delegates with an understanding of how international governments pursue tax investigations, what best practices you can implement on a “going forward” basis and the implications of various strategies for handling and meeting the challenges of an investigation.’
The organisers also wish to demystify tax investigations. The conference will open with a useful session on US/UK FATCA in practice and how this regime (along with the Common Reporting Standard) will impact tax investigations and local business.
With the growing number of TIEAs being signed by Gibraltar, US/UK FATCA now fully in force and an unstoppable global momentum towards a Common Reporting Standard, the number of global tax and criminal cross border investigations is going to rise significantly. Previously confidential information is now at the fingertips of most tax authorities. We are standing at the foot of an inexorable upward curve in global tax enforcement
Speakers at the conference will include experts from Latham & Watkins (Washington DC), DQ (Isle of Man), Pinsent Mason (London), together with local Gibraltar experts. Many of the speakers have extensive experience of advising clients in Gibraltar. Sinead O’Connor head of DQ’s regulatory & compliance services team and Reg Day from Pinsent Mason (both of whom used to work for one of the Big Four Firms) will be well known to many of you from their regular visits to Gibraltar over the years. Brian McManus from Latham & Watkins is currently advising on an international tax investigation involving Gibraltar structures.
