The ABA Tax Section is offering a teleconference and webcast today on Ethical Considerations for a U.S. Practitioner in Planning for a U.S. Multinational Client from 1:00 – 2:30 p.m. EST:

Ethical considerations in representing cross border clients can no longer be ignored by U.S. practitioners: In the U.S., tax plans that result in fraudulent underpayment of foreign taxes may have criminal ramifications under Pasquantino; Overseas, foreign laws may place attorney-client privilege in jeopardy when an investment is financed with the proceeds of crime, including tax evasion; and foreign intermediaries may require extensive client identification under local KYC rules. This expert panel will discuss the U.S. practitioner’s ethical considerations in planning for a U.S. multinational client. Speakers will address rules in the U.S., the U.K., and the offshore community that are designed to promote the interests of government stakeholders in ways that may be contrary to client expectations.

• Joan C. Arnold (Pepper Hamilton, Philadelphia)
• Peter M. Cohen (Trident Trust, Atlanta)
• Richard Palmer (Ashurst, London)
• H. David Rosenbloom (Caplin & Drysdale, Washington, D.C.)
• Stanley C. Ruchelman (The Ruchelman Law Firm, New York) (moderator)