STEP puts CRS, transparency and public registers under the SIG spotlight

STEP hosted its annual Special Interest Group (SIG) Spotlight Sessions on 14 November in London, a day comprising six conference streams. SIGs provide opportunities for members to connect and advance their focused area of practice. I attended the International Client SIG session, which focused on the needs of practitioners serving international clients with complex planning… Read More STEP puts CRS, transparency and public registers under the SIG spotlight

International Tax Compliance (Client Notification) Regulations

The UK’s International Tax Compliance (Client Notification) Regulations have been amended and will come into force on 30 September 2016. The regulations create an obligation on financial institutions (banks, building societies, insurers, fund managers, wealth managers and professionals that offer tax or financial advice or services) to notify their clients about the tax information that… Read More International Tax Compliance (Client Notification) Regulations

CRS and charities: watch out for reporting obligations

The OECD Common Reporting Standard (CRS) is probably going to impact directly every STEP member outside of the US – the only major international financial centre not so far committed to joining the CRS. Even STEP members in the US, however, are likely to have to consider CRS’ implications for any clients they have with… Read More CRS and charities: watch out for reporting obligations