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This session will explore the background as to why Americans overseas are facing difficulties effectively managing their pensions, investments and savings plans. The main focuses will be:

Part 1: Defining the problems and why Americans need to act
Part 2: How to make tax filing easy and efficient
Part 3: Keeping your investments fully compliant

A number of different issues will be covered, including:
  • The requirements needed of U.S. citizens to declare their worldwide income and capital gains regardless of their residency
  • The effect of the U.S. Foreign Account Tax Compliance Act (FATCA) and access information that over 77,000 financial organizations across the world report to the IRS
  • The heavy financial penalties many Americans pay by being caught under the cross-border treaties and the U.S. Passive Foreign Investment Company (PFIC) tax legislation
  • The controversy of U.S. financial institutions ‘firing’ their American clients that live overseas, leaving perfectly law-abiding citizens without access to a full range of finance and banking services
  • The scarcity of financial institutions that provide information compliant with U.S. tax reporting requirements and the problem that it creates in completing and submitting accurate tax returns
  • The severity of the consequences of submitting incorrect tax returns

Agenda

3:00 PM - 3:30 PM
Registration & networking
3:30 PM - 4:30 PM
Session begins
Wayne Ellis
4:30 PM - 5:00 PM
Q&A
5 PM Session Ends

Speakers

  • Wayne Ellis

    Wayne Ellis

    Wayne Ellis is a manager of discretionary portfolios for private clients including American citizens, trusts, charities and pension funds. He joined Tilney in 2016 through the merger and has more than 30 years’ private client investment management experience.
    Wayne began his career at Merchant Investors in the mid 1980’s and has held a number of senior roles in the financial services industry before spending five years heading up the private client investment business of Merchant Securities.
    Wayne is a member of the Chartered Institute for Securities and Investment.

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Tickets

Standard Ticket
Standard Price Complimentary

Registration

To register for this event, please RSVP online. For more information, please contact Kelly Deng at (+86 21) 6279-7119 ext. 4580 or email kelly.deng@amcham-shanghai.org.

Interested in introducing your products or services to AmCham Shanghai members through Spotlight Session? Please contact Zoe Zhang at (+86 21) 6279-7119 ext. 5667 or email zoe.zhang@amcham-shanghai.org for detailed information.

What is a Spotlight Session? A Spotlight Session is a promotional platform for companies to introduce products and services to interested AmCham Shanghai members. The sessions are conveniently held at AmCham Shanghai's offices and attendance is FREE.

Walk-in and Cancellation Policy

  • This event requires confirmation of attendance in advance. If you attend without prior registration, you will be charged an RMB50 "walk-in" fee as a member and an RMB100 as a non-member.
  • Cancellation: If you need to cancel your registration, please notify Kelly Deng no less than 24 hours in advance. To secure a seat, please arrive on time. Open seats will be released to other guests 15 minutes after the event starts.