ACTIVATED EXCHANGE RELATIONSHIPS FOR CRS INFORMATION

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This topic contains 6 replies, has 5 voices, and was last updated by Profile photo of mattoy mattoy 3 months ago.

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  • #3386
    Profile photo of Dave
    Dave
    Participant

    Hello!

    Here is a fantastic resource which shows the already activated bilateral AEOI agreements:

    http://www.oecd.org/tax/automatic-exchange/international-framework-for-the-crs/exchange-relationships/

    Doe it makes sense to bank in counties with the FEWEST agreements? Or they will still sign it ALL?

    Dave

    #3389
    Profile photo of DDg
    DDg
    Participant

    As I expect it, eventually most of them will sign it. Unless one or two jursidiction, might blacklist each other.
    Most likely will it just make it a cat and mouse game.

    #3390
    Profile photo of Streber
    Streber
    Keymaster

    Running away from CRS is going to be very tiring. It’s an issue best solved by compliance or lawful avoidance.

    As for predicting which jurisdictions will sign when, you need to look at the economic, social, and political ties between the jurisdictions in question.

    Will X sign with Y? Analyse the situation. Compare to previous treaties signed by X and Y; understand the circumstances that led there. What’s similar? What’s different?

    #3403
    Profile photo of Dave
    Dave
    Participant

    Thank you Streber for your reply….I know this is the top of the financial planning right now and very expensive information but can you give us an example of such combo? For example – considering the tough political tensions between Russia and UK – is it more or less safe to bank in UK for a Russian citizen or VICE VERSA?

    #3550
    Profile photo of tuba
    tuba
    Participant
    #3560
    Profile photo of Dave
    Dave
    Participant

    Some loopholes in the crs : http://www.the-best-of-both-worlds.com/support-files/oecd-crs-loopholes-report.pdf

    Thank you very much Tuba for the very interesting document – I wonder who is its owner – looks to be very solid content.

    I had a short question about this loophole that they mention:

    Loophole A2: Untaxed Foreign Investment Entity maintaining offshore account. managed in same jurisdiction as Equity Interest

    Streber – can you please comment? I wonder if this can be achieved in the Cayman islands with the local director (taking the excerpt from your latest superb article)

    In the Cayman Islands, it’s possible to form companies that pay no local tax and whose ownership can easily be hidden from public knowledge. There are many banks in the Cayman Islands and strict banking secrecy protects the identity of account holders.

    Looking forward to hear form you soon Streber!

    #3564
    Profile photo of mattoy
    mattoy
    Participant

    Some loopholes in the crs : http://www.the-best-of-both-worlds.com/support-files/oecd-crs-loopholes-report.pdf

    Thank you for sharing this updated informative report. Written by Mark Morris who runs the-best-of-both-worlds.com …I first encountered his website as he offered comprehensive information on viable loopholes.

    http://www.the-best-of-both-worlds.com/crs-loopholes.html

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