How private banks and wealth managers can build competitive advantage by supporting clients' cross-jurisdictional tax reporting needs?
FATCA and CRS have imposed new obligations on financial institutions to share taxpayer information at a rate never seen before. Meanwhile local regulations and tax amnesties are increasingly incentivising clients to self-report tax liabilities in their home jurisdictions. BearingPoint together with Regulation Asia released a whitepaper about the rise of client tax reporting in Asia.
On June 7, we organzied a webinar session to find out how private banks and wealth managers can build competitive advantage by supporting clients' cross-jurisdictional tax reporting needs.
Regulation Asia co-founder Brad Maclean, BearingPoint’s Ronald Frey and Marco Kundert, and Herbert Smith Freehills’ Pamela Kiesselbach discussed several key themes around client tax reporting, including: