About This Course
Introduction
The US Congress has estimated that the United States loses approximately $100 billion annually due to so-called offshore tax abuses. For this reason, the US government introduced the Foreign Account Tax Compliance Act (FATCA), a measure that requires foreign financial institutions to become agents of the Internal Revenue Service. FATCA, approved in March 2010, includes a series of anti-tax avoidance provisions that, by expanding the reporting requirements for non-US financial institutions (including investment funds) that directly or indirectly hold investments in the US, are designed to target US citizens who use foreign vehicles to conceal their income.
The CRS regime, as discussed at the 2013 G20 summit, requires all financial institutions to implement due diligence procedures for both existing and new clients, in order to correctly identify counterparties, particularly the beneficial owner. Furthermore, this information must be regularly provided to the competent tax authority, which will be required to exchange it with entities with equal authority in other countries.
Location
The Master is available and accessible in the following modes:
– Physical classroom
– Webinar classroom
– E-learning
Structure
The Master's program is structured into three modules, each attended in a blended format, with 24 hours of in-person learning alternating with e-learning. Specifically, for each in-person module, three hours of e-learning are scheduled (12 hours of e-learning in total), for a total of 36 hours of training.
recipients
Operators already familiar with tax compliance or the automatic exchange of information, responsible for customer identification or periodic reporting to the Revenue Agency. Individuals involved in the areas of Back Office, Operations, Compliance, and Legal Affairs.
Master's Diploma
The ESB measures and certifies exit skills by monitoring attendance and carrying out learning assessment tests.
This allows the achievement of a Master's Diploma valid for the purposes of certifying exit skills.
Program
- Latest updates on FATCA regulations;
- Old and new FATCA terminology;
- Activities to be carried out;
- Operating methods for documenting pre-existing relationships;
- Operating procedures for documenting new reports;
- FATCA reporting;
- Introduction to CRS;
- Financial Accounts and Financial Institutions;
- Persons Subject to Communication and Persons Not Subject to Communication;
- FATCA Integrated Approach Vs Ad Hoc Approach, Advantages and Disadvantages;
- How to self-certify for CRS purposes;
- How to verify the reliability of a self-certification;
Financing
The Master's degree can be financed thanks to the resources made available by the main Interprofessional Funds.
Learning Objectives
Your Instructors
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