OD: Regulatory and Reporting Requirements Triggered by International Activities

Recorded on: Tuesday, November 8, 2011, 1:30 PM ET

Overview

For many of us, worrying about regulatory and reporting requirements for international activities can mean sleepless nights, but actually trying to read and understand the rules puts us quickly to sleep. The sobering reality is that regulations and reporting requirements are on the rise, and have been consistently for the past ten years. From simply sending cash abroad to interactions with foreign governments, institutions with activities outside the U.S. have seen significant changes in filing and regulatory requirements both at home and abroad, taxing already-thin internal resources and forcing institutions to think about increased levels of administrative support for activities in foreign countries.

The events of September 11 touched off a worldwide trend of governments wanting to know where funds are being sent when crossing borders, how much, and what they’re being used for. And the IRS is looking for foreign income sources by strictly enforcing its ability to tax “worldwide income”. Foreign tax authorities want their cut too, and thus, reporting has increased on that end as well. Overall, these efforts are not likely aimed at institutions of higher education, but universities are certainly feeling the painful administrative effects.

What You Will Learn

Gain a stronger understanding of which types of international activities trigger regulatory requirements and additional reporting.
Learn the most commonly triggered U.S. reporting and regulatory requirements and when they apply.
Understand how host countries' labor and tax laws and regulations apply to U.S. institutions.

Meet the Presenters

Sunanda Holmes, Director for International Business Operations Compliance, Johns Hopkins University
MaryAnn Piccolo, Associate Comptroller - Tax & Payroll, University of Pennsylvania
Moderator: Bob Lammey, Higher Education Leader, High Street Partners

Who Should Participate?

Chief Financial Officers
Associate Vice Presidents of Finance
Controllers
Tax Managers
General Counsel

Course Information

Course Level: Intermediate
Length: 120 minutes

Fees

Member Site Fee: $189.00
Nonmember Site Fee: $219.00

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