CRS
Spanish tax inquiries triggered by common reporting standard
It is only “a matter of time” before an innocent international client is accidentally snared by the Common Reporting Standard (CRS), according to a European tax adviser with clients who have received tax investigation notifications.
Tax & Technical | 1 Jun 18
Offshore tax measures behind UK evasion spike
HM Revenue and Customs identified a 20% jump in serious tax evasion cases in the past 12 months, according to data obtained by law firm Pinsent Masons.
Tax & Technical | 12 Feb 18
Rogue tax official arrests show CRS risks
The arrest of seven tax officials in Argentina accused of selling data has highlighted the risks of sharing tax information globally.
Tax & Technical | 11 Jan 18
Common Reporting Standard’s conflict with data human rights
The intrusive Common Reporting Standard will only be curbed if someone is prepared to sacrifice their own privacy in a test case to assert the right to privacy for everyone, according to a partner at British law firm Mishcon de Reya.
Best Practice | 7 Dec 17
Offshore advisers fear new regulatory burden from HMRC
Offshore advisers have given a cautious thumbs-up to additional requirements to tell HM Revenue & Customs when they set up complex offshore schemes but have expressed concern that legitimate schemes could be targeted as well as abusive ones.