Roundtable Discussion with U.S. Government Accountability Office Staff Delegation (FATCA)

Brian James, Assistant Director, Strategic Issues Team, Government Accountability Office; Mark Ryan, Senior Analyst, Strategic Issues Team, Government Accountability Office; and Cindy Saunders, Senior Social Science Analyst, Applied Research and Methods Team, Government Accountability Office

Venue : AmCham Office, 1 Scotts Rd, Shaw Centre #23-03 S(228208) - Stamford American Auditorium

Date : May 23, 2018

Time : 3:45 PM - 5:00 PM

Price : $0.00

2018-05-23 15:45:00 2018-05-23 17:00:00 Asia/Singapore Roundtable Discussion with U.S. Government Accountability Office Staff Delegation - AmCham Office, 1 Scotts Rd, Shaw Centre #23-03 S(228208) - Stamford American Auditorium AmCham Singapore

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Description


Hosted by the Financial Services, Government & Regional Affairs, and SME Committees

Synopsis

AmCham Singapore is pleased to invite you to a roundtable discussion with the U.S. Government Accountability Office Staff Delegation led by Brian James (Assistant Director), Mark Ryan (Senior Analyst) & Cindy Saunders (Senior Social Science Methodologist).

The purpose of their visit is to examine the effects of U.S. Foreign Account Tax Compliance Act (FATCA) implementation on U.S. taxpayers living abroad – including U.S. taxpayers living in Singapore. They are interested in understanding your experiences in meeting FATCA reporting requirements.

Challenges U.S. persons in Singapore face in:


1)     Meeting FATCA and Bank Secrecy Act reporting requirements (e.g. completing IRS Form 8938 and/or FBAR), including costs incurred in meeting such requirements

 

2)     Obtaining a Social Security Number or Individual Tax Identification Number required to complete an IRS tax return

 

3)    Obtaining customer service IRS provides to help U.S. taxpayers met FATCA reporting requirements (e.g. via telephone, correspondence, or IRS website)

 

4)      Obtaining access to financial services in Singapore due to FATCA’s implementation

 

5)    Obtaining or maintaining employment (and/or obtaining promotions) in Singapore due to FATCA’s implementation

 

6)      Renunciation and/or relinquishment of U.S. citizenship as a result of FATCA’s implementation

 

7)   Steps the U.S. government can take to address challenges resulting from FATCA’s implementation while ensuring U.S. taxpayers comply with tax filing laws and pay taxes owed


About the Delegations

Brian James
Assistant Director, Strategic Issues Team
Government Accountability Office  (GAO)

Brian James leads teams at GAO in the review and study of complex government administration and policy issues. He has a broad range of experience in policy evaluation, including tax policy (domestic and international), U.S. anti-money laundering and terrorist financing regimes, transportation infrastructure, emergency preparedness, and national defense. Brian's specific work has examined the administration of the Bank Secrecy Act, consumption taxes, and taxation of foreign-source income. Brian also leads a team of staff that develops GAO's annual report on Fragmentation, Overlap and Duplication in the federal government. Brian received his Masters of Science in Urban Policy Studies at Georgia State University.

Mark Ryan
Senior Analyst, Strategic Issues Team
Government Accountability Office (GAO)

Mark Ryan is a senior analyst at GAO and has worked for the agency for almost 12 years, mostly within the Strategic Issues team. Mark has led studies on tax expenditures and human capital issues, and has contributed to studies on tax administration, the decennial census, government executive training programs and pandemic preparations. Additionally, Mark has contributed to GAO's work examining the American Recovery and Reinvestment Act and fragmentation, overlap and duplication in the federal government. Mark received a Master of Arts in Public Administration and Bachelor of Arts in International Studies and Political Science from the Ohio State University. Mark resides in Lawrenceville, Georgia with his wife Cheryl and two daughters.

Cindy Saunders
Senior Social Science Analyst, Applied Research and Methods Team
Government Accountability Office (GAO)

Cindy Saunders has worked as a design methodologist with the GAO for almost 9 years within the Applied Research and Methods team. Prior to this experience, she worked in health policy with the State of Maryland and as a faculty member in the Health Administration Program with the California State University system and University of Maryland. She earned a PhD in Socio-medical Sciences at Columbia University in New York City, a Master of Public Health at University of Rochester (NY) and a Bachelor of Business Administration in Finance at the University of Cincinnati. Cindy resides in Annapolis, Maryland in a renovated 1919 home filled with art and antiquities from travels within and outside of the United States.

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