Tag Archives: Common Reporting Standard

Common Reporting Standard - OLIESERVE

Does implementation of the Common Reporting Standard mean the end of tax optimization?

off

How did FATCA influence American tax payers? Having come into effect, the US Foreign Account Tax Compliance Act (FATCA) primarily influenced tax payers of the USA. Probably, you know that people possessing American citizenship or Green Card are obliged to pay US taxes on profit received in any other country. It is the reason why […]

Read more
CRS implementation provoke bank secrecy wreck - OLIESERVE

Will CRS implementation provoke bank secrecy wreck?

off

Until quite recently revenue authorities could make an enquiry to a bank only in case they have solid reasons to suspect a person in tax evasion, but the situation has changed completely since 2016. Now banks provide revenue inspectors with information themselves. On January 1, 2016 new Common Reporting Standard was enacted that obliged banks […]

Read more