{"product_id":"common-reporting-standard-eesh-aggarwal-9781523298037","title":"Common Reporting Standard: Survivor's Guide to OECD Automatic Exchange of Information of Offshore Financial Accounts","description":"\u003cp\u003e This book is also published under the following title: \u003cbr\u003e \u003cbr\u003e Automatic Exchange of Information: Survivor's Guide to the OECD Common Reporting Standard for Offshore Financial Accounts \u003cbr\u003e Softback ISBN: 978-1533519504 \u003c\/p\u003e \u003cbr\u003e \u003cp\u003e If you wish to \"look inside\" please visit www.soctapublications.com. Banking privacy dies in 2016. Many account holders will close overseas accounts to avoid being reported to tax authorities resulting in liquidity and existential issues for banks and other financial institutions. Are you ready? Surprisingly, the CRS contains many exemptions that may be legally exploited by account holders to retain privacy. Financial institutions can also target such exempt accounts to ensure privacy for their clients and attract new business. \u003c\/p\u003e \u003cp\u003e To fight tax evasion, 99 countries have agreed to automatically exchange information, including most western nations (except the USA), BRICS and tax havens. Accounts include banking, custodial, securities and investment funds. These may be held by individuals or entities, including companies, partnerships, trusts and foundations. Politically motivated and flawed legislation has been rushed through with no cost-benefit analysis invading individual privacy and national sovereignty, resulting in global data theft, blackmail and political oppression. At least two countries may become major beneficiaries as havens for global capital. \u003c\/p\u003e \u003cp\u003e Readers will grasp complex legal concepts quickly and easily. Written by a British international tax practitioner, the first book to be published on this topic adopts a comprehensive, practical, thought-provoking and engaging approach to this controversial law that is suitable for: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eHigh net worth individuals with overseas accounts held by them, or by entities, and practical strategies available to preserve privacy \u003c\/li\u003e \u003cli\u003eFinancial institution employees and professional advisers who wish to understand how this legislation works in practice and its impact on their clients \u003c\/li\u003e \u003cli\u003eCompliance departments - dedicated technical chapters on due diligence requirements \u003c\/li\u003e \u003cli\u003eTrust and corporate service providers - to understand their responsibilities and effect on clients \u003c\/li\u003e \u003cli\u003eHolding companies that may be classified as financial institutions \u003c\/li\u003e \u003cli\u003eGovernment regulators, employees and politicians who need a comprehensive grasp of the CRS and its wide ranging implications \u003c\/li\u003e \u003cli\u003eAcademics and university students requiring a deep understanding of the origins, operations and future impact of the CRS \u003c\/li\u003e \u003cli\u003eIndividuals with an interest in the erosion of sovereignty and privacy rights \u003c\/li\u003e \u003c\/ul\u003e \u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Eesh Aggarwal\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1523298030\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781523298037\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Createspace Independent Publishing Platform\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 12\/15\/2015\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 694\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 2.11lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.21h x 6.14w x 1.39d","brand":"Eesh Aggarwal","offers":[{"title":"Paperback","offer_id":43985462919423,"sku":"9781523298037","price":160.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_37c628a3-ceb6-4629-b3fa-270eef51fb97.jpg?v=1683277717","url":"https:\/\/www.whiterainbookhouse.com\/products\/common-reporting-standard-eesh-aggarwal-9781523298037","provider":"WR Book House","version":"1.0","type":"link"}