Financial institutions adapt to tax transparency
International Tax Review is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Financial institutions adapt to tax transparency

January 28, 2019
feb 19

Tax transparency initiatives such as the CRS, AEOI and FATCA, and the upcoming mandatory disclosure rules, are having a profound impact on the operations and IT infrastructure of financial institutions (FIs) worldwide. Ronald Frey, chief product officer of the RegTech product unit within BearingPoint, discusses how these are creating trends towards data alignment and centralisation, and are changing the role of FIs and wealth managers in cross-border tax reporting.

Unlock this content.

The content you are trying to view is exclusive to our subscribers.

To unlock this content:

Take a Free Trial or Login

Topics

PolandPortugalPhilippinesQatarUnited StatesOmanParaguayPeruPakistanPanamaSloveniaArmeniaSouth AfricaSingaporeAntigua and BarbudaArgentinaSlovak RepublicAustraliaRomaniaAlbaniaRussiaAngolaSerbiaAlgeriaSan MarinoSaudi ArabiaAndorraMonacoMauritiusMexicoMoroccoMongoliaMontenegroMaltaMalaysiaNigeriaNetherlands AntillesNew ZealandFeatureNorwayMyanmarNetherlandsMozambiqueLatviaKuwaitLaosLithuaniaLuxembourgLebanonLiechtensteinKenyaKosovoIsraelItalyIsle of ManJerseyJordanJamaicaJapanKazakhstanGlobalNorth MacedoniaGibraltarGreeceGeorgiaGermanyGuernseyGulf Cooperation CouncilGreenlandGuatemalaHondurasHong Kong SARIndiaIndonesiaHungaryIcelandIrelandIranIraqCubaCuraçaoChileDirect TaxChadCosta RicaCroatiaChinaColombiaCompliance ManagementFranceDenmarkEcuadorCyprusCzech RepublicEuropean UnionFinlandEgyptEstoniaTunisiaBelizeTanzaniaBarbadosBelgiumThailandAustriaSpainAzerbaijanSri LankaSouth KoreaBahrainSwitzerlandBangladeshTaiwanSwedenBahamasCanadaVenezuelaVietnamCayman IslandsBoliviaBosnia and HerzegovinaUgandaTurkeyBermudaUnited Arab EmiratesBulgariaCambodiaUruguayBrazilUnited KingdomUkraineBritish Virgin IslandsITR MagazineFebruary 2019AfricaAsia-PacificEuropeLatin America and Caribbean Middle EastCentral AmericaJurisdictions
more across site & bottom lb ros

More from across our site

ITR+ WcW 680x383 CSR@2x.png
What Corporates Want: corporate social responsibility
A majority of clients – particularly high-earning businesses – want advisers with demonstrable social credentials, according to a survey of more than 28,000 corporate counsel
Tom Baker, May 10, 2024
Direct Tax
HMRC Crypto 2000.jpg
This week in tax: Aussie task force receives crypto tax training
The training comes at a ‘critical time’ in the fight against tax criminals; in other news, Spanish prosecutors have dropped a tax fraud case against Shakira
Sam Sholli, May 10, 2024
Direct Tax
James Anderson.png
Five minutes with... James Anderson, Skadden
In the first of a new series, Skadden's European tax practice head tells ITR about harnessing stress in a positive way, playing the blues, and what makes tax cool
May 09, 2024
Transfer Pricing
OECD image.jpeg
OECD members push for pillar one conclusion
The OECD has revealed little about the progress of the talks on pillar one since February
Ralph Cunningham, May 09, 2024
Transfer Pricing
A can and a glass of Pepsi
PepsiCo royalties tax appeal begins in Australia
The Australian Taxation Office scored a victory over the company last year in a case that will be closely watched by other multinationals
Sam Sholli, May 08, 2024
Indirect Tax
Aerial view of Christ and Botafogo Bay from high angle.
This month in indirect tax: Brazil moves closer to widespread reform
Nigeria looks to boost inefficient tax collection, Singapore plans to hit GST fraudsters hard, Italy and UK confirm reciprocity of VAT refunds, and more
Ralph Cunningham, May 08, 2024
Indirect Tax
Christiaan-Van-Der-Valk-Headshot-FY24.png
UK ‘growing apart’ from EU in tax reporting post-Brexit
The UK is also lagging behind other countries in use of technology for compliance purposes, Christiaan Van Der Valk argues
Sam Sholli, May 07, 2024
Direct Tax
Mauritius island drone photo
India’s new Mauritius tax treaty: Considerations and concerns for investors
As a new agreement between India and Mauritius may unsettle foreign investment, Sanjay Sanghvi and Avin Jain of Khaitan & Co examine the possible impact and offer potential solutions
Sanjay Sanghvi, May 06, 2024
ITR+ WcW 680x383 Recommendation@2x.png
What Corporates Want: recommendation
A vast majority of corporates – especially smaller businesses – rely on a trusted referral when instructing external counsel, according to a survey of nearly 29,000 in-house counsel
Tom Baker, May 03, 2024
Direct Tax
Pillar two is revising global tax competition with a 15% minimum tax rate
This week in tax: US treasury secretary defends global minimum tax
It comes as the US remains uncommitted to the pillar two rules; in other news, ‘Bitcoin Jesus’ faces charges over tax evasion and false tax returns
Sam Sholli, May 03, 2024
Gift this article