All posts tagged "tax transparency"
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320AML / KYCEU Adds Four Countries to List of Uncooperative Tax Jurisdictions
BVI, Costa Rica, Marshall Islands and Russia were added to the list. Hong Kong and Malaysia were granted an extension to complete reforms.
February 15, 2023 -
647Crypto / Digital AssetsEU Commission Proposes New Tax Transparency Rules for Crypto
New requirements to report crypto-asset, e-money and digital currency transactions are expected to enter into force on 1 January 2026.
December 13, 2022 -
391Crypto / Digital AssetsOECD Releases Tax Transparency Framework for Crypto
Indirect investments in crypto assets via derivatives and investment vehicles, as well as CBDCs, will be covered by CRS, rather than CARF.
October 11, 2022 -
592Crypto / Digital Assets
OECD Proposes Tax Reporting Framework for Crypto-assets
The framework would require intermediaries to identify their customers and their tax jurisdictions, and then report their aggregate transaction values annually.
March 28, 2022 -
746Securities / DerivativesUPDATED – Singapore REITs Granted Relief on Cash Flow, Fundraising
MAS is raising the leverage limit for S-REITs and deferring implementation of the minimum interest coverage ratio requirement, on top of recently-announced enhanced share issue limits.
April 17, 2020 -
730AML / KYCJapan Identifies 1.9m Undeclared Offshore Accounts Through CRS
Of the 1.89 million offshore accounts identified through information exchanges under the Common Reporting Standard, 80% were located in Asia and Oceania.
December 18, 2019 -
1.0KAML / KYCOECD Hails Global Anti-Tax Evasion Efforts as ‘Unprecedented Success’
Last year saw nearly 90 jurisdictions automatically exchange information on 47 million financial accounts, covering total assets of $4.9tn.
December 2, 2019 -
1.2KAML / KYC
Automatic Exchange of Information is Working, Says OECD
New data from the OECD indicates that Hong Kong and Singapore are adhering to tighter global standards on tax transparency.
June 13, 2019 -
2.9KAML / KYCWolfsberg Group Publishes Guidance on Customer Tax Evasion
Financial institutions should be able to leverage existing financial crime compliance, conduct and tax (including tax transparency regimes) procedures and controls, to address the risks of customer tax evasion.
May 15, 2019 -
1.5KBig PictureFIs Need to Automate to Meet Tax Reporting Obligations – Report
As tax reporting requirements grow increasingly complex, automation is making compliance cheaper, quicker and more efficient, says a new report from Regulation Asia and BearingPoint.
May 6, 2019
