Niles Elber Address Corporate Transparency Act at International Tax Symposium 

The deadline for American businesses to comply with the Corporate Transparency Act (CTA) is now January 1st, 2024.  Initially enacted in 2021, the CTA has gone through a slow rulemaking process, leading to the recent issuance of final regulations. This panel will discuss the newly published regulations and the potential challenges that business across the U.S. will face, including the identification requirements established in the CTA for beneficial owners and applicants.

Learning Objectives:

After attending the session, the participant will be able to:

• Identify the concepts and disclosure requirements established in the CTA; and
• Determine challenges and compliance measures to be taken by the U.S. entities and its beneficial owners to comply with the CTA.