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7 December 2016
Millennium Gloucester Hotel & Conference Centre,

Practical Implications of CRS

What does CRS actually mean for your clients? Find out how the experts are dealing with the challenges of implementation and benchmark your approach


Filippo Noseda, Partner, Withers

The Practical Implications of CRS

The Practical Issues Arising from OECD Guidance

Issues arising when you set CRS in the context of the wider fight against evasion and avoidance, including:

  • Ucoming new corporate offence of failing to prevent the facilitation of tax evasion
  • Penalties for enabling offshore non-compliance
  • Penalties for enabling avoidance
  • The ‘statutory requirement to correct’ offshore issues
HMRC’s adventures in the offshore world

This session will outline the new compliance world for offshore tax matters, linked to CRS, the cost of undeclared offshore matters and the future.

What is the US’s Position Under CRS
  • Will it join?
  • Should other countries nonetheless treat the U.S. as a "Participating Jurisdiction" and what are the practical consequences if they do (there are some very real practical consequences here)
  • Is the U.S. a good place to "hide" from CRS?
  • What does the U.S. report under a FATCA reciprocal IGA?
  • What doesn't the U.S. report and how easy is it to avoid what they otherwise would report?


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