OECD, International Tax Issues, Common Reporting Standard (CRS)

CRS 2.0 amendments to the OECD’s Common Reporting Standard

Carey Olsen on 7/29/2025

The Common Reporting Standard (CRS) was developed by the Organisation for Economic Co-operation and Development (OECD) to promote tax transparency by enabling tax authorities in one jurisdiction to receive information...more

UK Government Finalises Mandatory Disclosure Rules

Cadwalader, Wickersham & Taft LLP on 1/30/2023

The UK Government has published the final version of regulations on 17 January 2023 that will give effect to the UK’s mandatory disclosure rules (“UK MDR”). The International Tax Enforcement (Disclosable Arrangements)...more

OECD Cryptoasset Reporting Framework

Cadwalader, Wickersham & Taft LLP on 4/22/2022

On 22 March 2022, the Organisation for Economic Co-operation and Development (“OECD”) published a public consultation document proposing new and amended reporting requirements with respect to cryptoassets and electronic-money...more

U.K. Government’s Brexit U-Turn on DAC6

Akin Gump Strauss Hauer & Feld LLP on 1/6/2021

In light of Brexit, the U.K. government has made the unexpected announcement that it will limit DAC6 (Directive 2018/822) reporting in the U.K. to matters involving arrangements with the effect of concealing the ultimate...more

Narrowing of UK intermediaries’ DAC 6 reporting requirements

Proskauer - Tax Talks on 1/5/2021

On 30 December, the UK government laid regulations that will significantly reduce the type of cross-border arrangement that will need to be reported by UK intermediaries under the so-called DAC 6 rules on 31 January 2021 and...more

United States “Beats” Switzerland as a Perceived Global Haven for Money Laundering and Tax Evasion

Ballard Spahr LLP on 2/21/2020

The Cayman Islands Receive “Top Honors.” But, Global Financial Transparency is Reportedly Improving in General - The United States has overtaken Switzerland as a financial secrecy haven, according to the latest rankings –...more

UK Tax Round Up - December 2017

Proskauer Rose LLP on 12/29/2017

Finance (No. 2) Bill 2017-19 - The first version of the Finance (No. 2) Bill 2017-19 was published on 1 December 2017. The majority of the Bill's content had been previously announced at the Autumn 2017 Budget (see...more

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