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

Poland Portugal Philippines Qatar United States Oman Paraguay Peru Pakistan Panama Slovenia Armenia South Africa Singapore Antigua and Barbuda Argentina Slovak Republic Australia Romania Albania Russia Angola Serbia Algeria San Marino Saudi Arabia Andorra Monaco Mauritius Mexico Morocco Mongolia Montenegro Malta Malaysia Nigeria Netherlands Antilles New Zealand Feature Norway Myanmar Netherlands Mozambique Latvia Kuwait Laos Lithuania Luxembourg Lebanon Liechtenstein Kenya Kosovo Israel Italy Isle of Man Jersey Jordan Jamaica Japan Kazakhstan Global North Macedonia Gibraltar Greece Georgia Germany Guernsey Gulf Cooperation Council Greenland Guatemala Honduras Hong Kong SAR India Indonesia Hungary Iceland Ireland Iran Iraq Cuba Curaçao Chile Direct Tax Chad Costa Rica Croatia China Colombia Compliance Management France Denmark Ecuador Cyprus Czech Republic European Union Finland Egypt Estonia Tunisia Belize Tanzania Barbados Belgium Thailand Austria Spain Azerbaijan Sri Lanka South Korea Bahrain Switzerland Bangladesh Taiwan Sweden Bahamas Canada Venezuela Vietnam Cayman Islands Bolivia Bosnia and Herzegovina Uganda Turkey Bermuda United Arab Emirates Bulgaria Cambodia Uruguay Brazil United Kingdom Ukraine British Virgin Islands ITR Magazine February 2019 Africa Asia-Pacific Europe Latin America and Caribbean Middle East Central America Jurisdictions

more across site & shared bottom lb ros

More from across our site

Indirect Tax

USA Brazil

This week in tax: Donald Trump announces 50% tariff on Brazil

The US president also unveiled a new 50% levy on copper imports; in other news, a UK wealth tax proposal has been criticised by the Institute for Fiscal Studies

Sam Sholli, July 11 2025

Direct Tax

wim wuyts 2.jpg

Exclusive: WTS Global CEO steps down

Wim Wuyts, who had been head of the specialist tax network since 2017, is moving on to a new role with WTS’s Belgian member firm

Tom Baker, July 10 2025

Transfer Pricing

Technology ethics

When algorithms decide tax outcomes: embedding ethics in TP systems

MNEs are increasingly using algorithmic tools in TP. Sahasranshu Dash argues that data ethics should therefore plug directly into the TP design process

Sahasranshu Dash , July 10 2025

Transfer Pricing

Experts question whether UK TP proposal is ‘absolutely necessary’

The Institute of Chartered Accountants in England and Wales also queried whether HMRC resources could be better spent scrutinising larger entities

Sam Sholli, July 09 2025

Transfer Pricing

raphael holzinger resized.jpg

‘Coffee is the only constant’: Raphael Holzinger on the pressures of his practice

Grant Thornton’s Austria tax head likens his practice to an escape room, shares his football coaching ambitions, and explains why tax is cool

July 09 2025

Awards

ITR EMEA Tax Awards 2025 4c@4x.png

ITR EMEA Tax Awards 2025: shortlist announced

ITR is delighted to reveal all the shortlisted nominees for the 2025 EMEA Tax Awards

John Harrison, July 08 2025

Awards

ITR APAC Tax Awards 2025: shortlist announced

ITR is delighted to reveal all the shortlisted nominees for the 2025 Asia-Pacific Tax Awards

John Harrison, July 08 2025

Direct Tax

G7 flags

Opinion: G7’s pillar two capitulation proves US power always wins

The fates of pillars one and two hang in the balance after the US successfully threw its weight around in G7 and Canadian negotiations

Tom Baker, July 07 2025

Direct Tax

rafael tena resized.jpg

Mexican tax firm founder ‘won’t sacrifice quality for size’

Rafael Tena tells ITR about the ‘crazy’ Mexican market, ditching the hourly rate, and refusing to grow his fledgling firm in an ‘unstructured way’

Tom Baker, July 07 2025

Direct Tax

UK Cost Transparency Troubles (1).png

UK tax adviser ‘shocked’ at in-house costs criticism

It should be easy for advisers to be transparent about costs, Brown Rudnick partner Matthew Sharp said in response to exclusive ITR in-house data

Tom Baker, July 04 2025