CRS: Anti-Avoidance & The Disgruntled Employee
Are you thinking that you have created an ingenious reporting avoidance scheme that no one can detect? Two words: disgruntled employee. ...
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Elizabeth A. McMorrow
May 22, 2017
Cayman Portal Open for Registrations
The Cayman tax authority announced on Friday that the Cayman AEOI portal is now open for FATCA and CRS entity registrations. For...
Elizabeth A. McMorrow
Apr 19, 2017
Cayman FATCA & CRS Deadlines Matched Up
The Cayman Islands tax authority (TIA) issued an update for FATCA/CRS registration/notification and reporting. For assistance, please...
Elizabeth A. McMorrow
Mar 23, 2017
CRS: Hong Kong, Bahamas Take Optional & Narrow Approach
There has been much discussion regarding the Common Reporting Standard’s (CRS) “wider approach” to due diligence and reporting but what...
Elizabeth A. McMorrow
Mar 9, 2017
Cayman Islands CRS Notification & Reporting Deadline Extended
The Cayman Department for International Tax Cooperation (DITC) issued an industry advisory extending the dates for Common Reporting...
Elizabeth A. McMorrow
Feb 28, 2017
CRS: What Does Controlling Person Mean for the Unsuspecting Executive?
It may be startling for a headquarters executive or regional sales director to be asked to provide photocopies of every page in their...
Elizabeth A. McMorrow
Jan 31, 2017
CRS: Cayman, India, Mauritius Take Wider Approach
The Cayman Islands, India, Mauritius and the majority of other jurisdictions participating in the Standard for Automatic Exchange of...
Elizabeth A. McMorrow
Jan 12, 2017
CRS: New Cayman Criminal Sanctions
Recently released Cayman Islands Common Reporting Standard (CRS) Regulations added significant criminal enforcement sections which...
Elizabeth A. McMorrow
Dec 30, 2016
New CRS Rule: Non-Reporting FIs Must Register in Cayman AEOI Portal
The Cayman Islands issued The Tax Information Authority (International Tax Compliance) (Common Reporting Standard) (Amendment)...
Elizabeth A. McMorrow
Oct 31, 2016
The CRS CDOT Due Diligence Combo
As we enter the final months of Y2016, it is a good time to review some aspects of the UK FATCA/CDOT and CRS transition. The transition...
Elizabeth A. McMorrow
Oct 11, 2016
Double Up on Notifications Re:Taxation on Overseas Assets
Pursuant to local CRS and FATCA implementation, certain jurisdictions such as the United Kingdom require that Reporting Financial...
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