[26696]
November 16, 2012
TO: TAX COMMITTEE No. 52-12ICI GLOBAL TAX COMMITTEE No. 16-12
INTERNATIONAL COMMITTEE No. 42-12
OPERATIONS COMMITTEE No. 49-12
BROKER/DEALER ADVISORY COMMITTEE No. 63-12
BANK, TRUST AND RETIREMENT ADVISORY COMMITTEE No. 57-12
TRANSFER AGENT ADVISORY COMMITTEE No. 73-12
TAAC FATCA TASK FORCE No. 12-12 RE: DRAFT XML SCHEMA TO BE DISCUSSED DURING 5 DECEMBER FATCA CALL
The next call of ICI and ICI Global members to discuss FATCA will be held, as we informed you previously, [1] on Wednesday, 5 December, at 10:00 a.m. (Washington DC time).
The first discussion topic will be the attached draft XML schema prepared by the U.S. Internal Revenue Service for reporting under FATCA and under intergovernmental agreements (“IGAs”). This draft XML schema will be discussed by government and business representatives on 11 December at a meeting organized by the Organisation for Economic Co-operation and Development (“OECD”).
Please share the draft XML schema with others in your organization, including those familiar with XML formats. It may be necessary to review the draft XML schema on a computer so that the smaller notations can be enlarged sufficiently. Time permitting, we also will discuss during the call any other FATCA-related developments.
Because the OECD has asked for comments on the draft XML schema by 5 December, please provide any comments to the undersigned (at lawson@ici.org) by Monday, 3 December. We will discuss on 5 December all comments received in advance of, as well as during, the call. A memorandum describing the industry’s comments will be sent to the OECD on 5 December after the call concludes. We also will raise the comments, in person, at the OECD meeting on 11 December.
Thank you in advance for your review of, and comments on, the attached document.
Keith Lawson
Senior Counsel - Tax Law