Topic: FATCA

JD Supra Corporate Brief: FATCA Update, Whistleblower Dilemna, European Data, Foreign Banks

Great moments in IP history: on this day in 1794, Eli Whitney is granted a patent for the cotton gin. What to make of news that Sonos will ‘forward-publish’ patents? Depends on whom you ask… (JD Supra Contributors) This should be the last substantial change to FATCA before it goes into effect… (Skadden Arps) The… Read more »

JD Supra Corporate Brief: Trojan Horse, Fisker Bankruptcy, MOFCOM Approval, Target 8-K

March 4, 1789: the first Congress of the United States meets and begins work on the Bill of Rights, putting the US Constitution into effect. Like the Trojan Horse, the growing wave of employee privacy laws are far more expansive than they appear on the surface… (Todd Horn at Venable) Should secured creditors be concerned… Read more »

JD Supra Corporate Brief: SEC Priorities, Cybersecurity Lawsuits, H-1B Petitions, Knowledgeable Employees

On February 26, 1995, the UK’s oldest investment bank, Barings Bank, collapses when broker Nick Leeson loses $1.4 billion by speculating on the Singapore International Monetary Exchange. When the SEC Speaks, you should listen: highlights from the 2014 SEC Speaks Conference… (Perkins Coie) Will the Cybersecurity Framework open the door to a new wave of… Read more »

JD Supra Corporate Brief: Tax Data, Marijuana Guidelines, Anti-Money Laundering, Information Governance

Great moments in IP history: on this day in 1878, Thomas Edison patented the phonograph. The OECD just announced a new global data sharing standard that will allow governments to crack down on tax evaders… (James Anderson, Jonathon Egerton-Peters, Chris Hutley-Hurst, and Tim Sanders at Skadden Arps) What to make of the Obama Administration’s new… Read more »

JD Supra Corporate Brief: Europe’s Volcker Rule, 2104 Proxy Season, Ohada Commercial Code, Shareholder-Director Communication

On this day in 1937, General Motors recognized the United Auto Workers, ending a sit-down strike that began more than a month earlier. A Volcker Rule for Europe? In the works… (White & Case) Are you ready for the 2014 proxy season? (James Barrall and Steven Stokdyk at Latham & Watkins) Seven tips for complying… Read more »

It’s Getting Harder And Harder To Find A Good Tax Haven These Days. Because FATCA…

Used to be, if you wanted to hide assets from US tax authorities, you’d open a Swiss bank account and be done with it. Not anymore: last year, more than 100 of Switzerland’s banks agreed to disclose all American-held accounts to the IRS last year to avoid accusations of aiding tax evaders (and the hefty… Read more »

5 Issues to Watch in Banking & Finance in 2014

No, we don’t have a crystal ball. We have better: the insight of experts writing on JD Supra about regulatory and operational issues facing banks in 2014. Here are five to watch: 1. Virtual Currency Bitcoin and other virtual currencies may represent significant opportunities for investors and merchants, but right now, the risks seem to outweigh… Read more »

JD Supra Corporate Brief: Child Labor, Whistleblower Protections, Swiss Banks, FATCA Compliance

Turns out that when he wasn’t developing the general theory of relativity, Albert Einstein also invented … a refrigerator. Here’s the patent to prove it, granted November 11, 1930. Complying with child and forced labor laws around the world is more than good business sense – it’s also the right thing to do… (Cheryl Behymer… Read more »

JD Supra Corporate Brief: Iran Notices, Health FSAs, Corporate Boards, FATCA Implementation

Voters across the country agree: the JD Supra Corporate Brief is a great way to start the day! Are the days when Chief Compliance Officers are held accountable a thing of the past? (Bettina Eckerle of Eckerle Law) Over the past eight months, companies have filed more than 400 Iran notices with the SEC… (Shearman… Read more »

JD Supra Corporate Brief: FATCA Regime, Securities Dealers, EU Data, Vicarious Liability

Keep your eye on the markets today: both 1929’s Black Thursday and 2008’s Bloody Friday happened on October 24. You’ve got just enough time to read the JD Supra Corporate Brief before the opening bell … The FATCA tax regime will introduce US tax withholding risk into financial transactions that have almost no nexus to… Read more »

JD Supra Corporate Brief: Automakers Strike Back, China Opens Up, Governor Vetoes Bill, NY Continues Moratorium

So far, no good: The government shutdown is one week old today. Hang in there, America! A group of automakers just flattened a patent troll… (Foley & Lardner) How the Shanghai FTZ makes It easier for foreign companies to invest in China… (Corporate Law Report) The feds want government contractors to update their anti-human trafficking… Read more »

JD Supra Corporate Brief: Green Chemistry, Data Protection, FATCA Implementation, Privacy Developments

The best thing about Friday? Chocolate-covered donuts in the break room. And the JD Supra Corporate Brief: You’ve got less than three months to comply with California’s new Internet privacy law… (Pillsbury) These six resolutions came out of the recent International Conference of Data Protection and Privacy Commissioners… (DLA Piper) If anyone can say “I… Read more »

JD Supra Corporate Brief: Photocopier Secrets, FATCA Effects, Cloud Cybersecurity, Anti-Kickback Statutes

The bad news: It’s Monday. The good news: there’s a long weekend coming up. The law news: What happens in your photocopier better not stay in your photocopier… (Bradley Arant Boult Cummings) Will FATCA do more harm than good? (Fuerst Ittleman David & Joseph) The NIST cloud computing cybersecurity guidelines for federal agencies provide a… Read more »

JD Supra Corporate Brief: Patent Trolls, Powdered Milk, FATCA Registration, George Clooney

Go on, pour yourself a nice tall mug of law news for the ride into work. You’ll be glad you did… Could it be that some patent trolls play an important role in the country’s economic growth? (Burns & Levinson) Canada is cracking down on corruption. Time to clean up your act, eh? (Morrison &… Read more »

FATCA Update: IRS Gives International Banks Brief Reprieve

Non-US banks struggling to comply with the US Foreign Account Tax Compliance Act (FATCA) – which requires foreign financial institutions to provide US authorities with information on accounts held by US citizens or face substantial penalties – just got an unexpected break from the Treasury Department. On July 12, 2013, the Internal Revenue Service announced… Read more »