Automatic Exchange of Information: Survivor's Guide to the OECD Common Reporting Standard for Offshore Financial Accounts Contributor(s): Aggarwal, Eesh (Author) |
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ISBN: 1533519501 ISBN-13: 9781533519504 Publisher: Createspace Independent Publishing Platform OUR PRICE: $152.00 Product Type: Paperback Published: December 2015 |
Additional Information |
BISAC Categories: - Law | Banking |
Physical Information: 1.39" H x 6.14" W x 9.21" (2.11 lbs) 694 pages |
Descriptions, Reviews, Etc. |
Publisher Description: This book is also published under the following title: If you wish to "look inside" please visit www.soctapublications.com. Banking privacy dies in 2016. Many account holders will close overseas accounts to avoid being reported to tax authorities resulting in liquidity and existential issues for banks and other financial institutions. Are you ready? Surprisingly, the CRS contains many exemptions that may be legally exploited by account holders to retain privacy. Financial institutions can also target such exempt accounts to ensure privacy for their clients and attract new business. To fight tax evasion, 99 countries have agreed to automatically exchange information, including most western nations (except the USA), BRICS and tax havens. Accounts include banking, custodial, securities and investment funds. These may be held by individuals or entities, including companies, partnerships, trusts and foundations. Politically motivated and flawed legislation has been rushed through with no cost-benefit analysis invading individual privacy and national sovereignty, resulting in global data theft, blackmail and political oppression. At least two countries may become major beneficiaries as havens for global capital. Readers will grasp complex legal concepts quickly and easily. Written by a British international tax practitioner, the first book to be published on this topic adopts a comprehensive, practical, thought-provoking and engaging approach to this controversial law that is suitable for:
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