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June 17, 2009
Knowledge Congress Webinar
Webinar: Understanding the New Qualified Intermediary (QI) Program for Foreign Financial Institutions
Sutherland Partner Carol P. Tello is speaking at a Knowledge Congress Webinar on Understanding the New Qualified Intermediary (QI) Program for Foreign Financial Institutions, June 17, 2009, from 3:00–5:00 p.m. ET. As governments have stepped up their attempts to stem the flow of money and assets into tax havens, the IRS qualified intermediary (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 Knowledge Congress has assembled a distinguished panel of government officials and bank advisers to discuss changes in the QI program and to explain how the government is collecting information about money held in and paid into foreign accounts. Panel members will share their experience in a live two-hour Webcast.
For more information and to register for this event, click here.