Understanding CRS in Asia
Dr. Angelo M Venardos of Philadelphia
Apr 12, 2017
Angelo Venardos of Equiom Group explains the implications of the Common Reporting Standard (CRS) within Asia, the dimensions of reporting within this new wave of transparency and what it means for the clients and their advisers today.
Jump to section:
1. What is Common Reporting Standard (CRS)?
2. What the implications of CRS?
3. What are dimensions of reporting under the CRS?
4. What does it mean for the clients today?
5. What is the sentiment surrounding this regulation within the industry?
6. There are some countries like the US that have not yet signed the CRS. What does that imply for the clients and for the industry?
7. What would happen to the information that is being collected in countries where potentially it can be used for the wrong purposes?
8. What are the tax implications with the CRS?
9. What is the type of planning that the clients are moving toward?
10. What are the opportunities ahead?
11. How is CRS helping with the simplification of structures?
12. Is there anything else you would like to add?
13. How is CRS becoming a trigger point for families to discuss succession planning?
14. Is there a difference in how CRS is accepted and implemented in Asia versus the rest of the world?
15. Will offshore jurisdictions be just as lucrative following the implementation of CRS?
16. Will the countries that have not yet signed the CRS feel pressure from countries that have signed it?
17. Why would a country sign up to CRS?
Video transcript
1. What is Common Reporting Standard (CRS)?
2. What the implications of CRS?
3. What are dimensions of reporting under the CRS?
4. What does it mean for the clients today?
5. What is the sentiment surrounding this regulation within the industry?
6. There are some countries like the US that have not yet signed the CRS. What does that imply for the clients and for the industry?
7. What would happen to the information that is being collected in countries where potentially it can be used for the wrong purposes?
8. What are the tax implications with the CRS?
9. What is the type of planning that the clients are moving toward?
10. What are the opportunities ahead?
11. How is CRS helping with the simplification of structures?
12. Is there anything else you would like to add?
13. How is CRS becoming a trigger point for families to discuss succession planning?
14. Is there a difference in how CRS is accepted and implemented in Asia versus the rest of the world?
15. Will offshore jurisdictions be just as lucrative following the implementation of CRS?
16. Will the countries that have not yet signed the CRS feel pressure from countries that have signed it?
17. Why would a country sign up to CRS?
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