Business Tax Update: Common Reporting Standard

Tax Bulletin

The Common Reporting Standard (CRS) is being introduced in 2017 and will significantly change the degree to which global financial institutions exchange sensitive financial information about their customer base. The US has notably abstained from adopting the CRS and as such, evolves into an increasingly more attractive jurisdiction for banking secrecy and asset protection.

What is the CRS?

The CRS is

FULL ARTICLE https://www.lexology.com/library/detail.aspx?g=0c281e25-c9a2-4a35-92c6-9053eceb6ada

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