The CRS and its impact on the financial services industry

October 27 2015

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The combatting of cross-border tax evasion is a priority for governments and the automatic exchange of taxpayer information between countries is now seen as fundamental to addressing it. It is out of this objective that the Common Reporting Standard (CRS), which facilitates the automatic exchange of information (AEoI) at a global level, has evolved. Mariano Giralt, Chris Mitchell and Bronwen Noble of BNY Mellon assess the impact of these initiatives on the financial services industry.

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Feature United States Austria Direct Tax United Kingdom Compliance Management ITR Magazine November 2015 Europe North America

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