The rise of client tax reporting in Asia - Trends and Technology

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. Regnology together with Regulation Asia released a whithe paper about the rise of client tax reporting in Asia.

On June 7, 2018, 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.

Regnology’s Ronald Frey and Marco Kundert, Regulation Asia co-founder Brad Maclean, and Herbert Smith Freehills’ Pamela Kiesselbach discussed several key themes around client tax reporting, including the following key topics:

• Trends in tax transparency & reporting
• Regulatory friction, enforcement trends & outlook on risks to clients
• Leveraging technology to support client tax reporting obligations