Smoothing the move to common reporting

March 2016

The first question most managers ask us about the common reporting standard (CRS) at Citco’s Central FATCA Team is: “Is this just more FATCA?” The answer in a nutshell is… well, yes. But, as the older moniker GATCA implied, this is FATCA on a global scale, with almost 100 countries pledged to participate and agreeing to share tax information on account holders within their jurisdiction with other participating countries. We refer to these regulations – US FATCA, UK CDOT and CRS – collectively as automatic exchange of information (AEOI) regimes.

 

Read more

Regulatory round-up

March 2016

Our list of the latest advice, rulings and technical standards from regulators across the globe

 

Read more