FCC club lunch with Laurence E. LIPSHER
peaker: Laurence E. LIPSHER
Topic: The brand new, far more invasive, U.S. tax laws: what do they mean for you?
On Friday, 20 March, Congress passed and President OBAMA signed HIRE-FATCA. Among other things, both offshore banks and brokerage houses as well as U.S. tax return filers are now required to report annual information regarding accounts maintained by U.S. citizens and green card holders. Penalties for not reporting are rather severe. In ‘user-friendly’ English, Mr. LIPSHER will review the new provisions of the law and the extended obligations of U.S. tax filers.
Long time FCC member Laurence E. ‘Larry’ LIPSHER is an American CPA who, for the past 42 years, has specialized in taxation. 23 of those have been in Asia. Larry has lived in China since 1990. LIPSHER, a past president of the American Chamber of Commerce of South China, has, for the past six years, been writing the bi-weekly Asian Tax Review for Tax Analysts of Washington, DC. He has been featured on CCTV’s World Wide Watch evening news, CNN and CNBC. He travels the globe, writing, lecturing and consulting, assisting a long list of businesses, professional athletes and rock stars and individuals with tax issues in nine jurisdictions of Asia and the United States. LIPSHER has lived in the Pearl River Delta city of Guangzhou, PRC since 1994. He is one of only a very few foreigners ever to have been given a business license to practice as a certified public accountant in the People’s Republic of China.