The Select Revenue Measures Subcommittee of the House Ways & Means Committee holds a hearing today on Foreign Bank Account Reporting and Tax Compliance. From the hearing announcement:
The hearing will focus on non-compliance by U.S. taxpayers with foreign bank accounts, rules regarding foreign trusts with U.S. beneficiaries, and certain U.S. dividend equivalent payments to foreign persons to avoid U.S. taxes. The hearing will also focus on recently introduced legislation, HR 3933, the Foreign Account Tax Compliance Act of 2009.
Here are the witnesses scheduled to testify:
- Stephen E. Shay (Deputy Assistant Secretary for International Tax Affairs, U.S. Treasury Department)
- William J. Wilkins (Chief Counsel, IRS)
- Thomas Prevost (Americas’ Tax Director, Credit Suisse, New York)
- Charles I. Kingson (Adjunct Professor, NYU)
- Dirk J.J. Suringa (Partner, Covington & Burling, Washington, D.C.)



