Common Reporting Standard (CRS) Automatic exchange of offshore account information – OECD reports over 100 jurisdictions exchanging under 3,200+ bilateral relationships

On 5 July 2018, the OECD published a new set of bilateral exchange relationships, established under the Common Reporting Standard Multilateral Competent Authority Agreement (CRS MCAA). In total, the international legal network, for the automatic exchange of offshore financial account information, under the CRS now covers over 90 jurisdictions, with the remaining dozen set to…

Multilateral Instrument (MLI) – OECD BEPS Measure 15 – A round up of relevant international choices and resulting effects – at time legislation introduced into the Australian Parliament

  By Pointon Partners – June 21, 2018 [FJM 22.7.2018] A Bill to enact the OECD BEPS Measure 15 – the Multilateral Instrument (MLI), in Australia: the Treasury Laws Amendment (OECD Multilateral Instrument) Bill 2018,  was introduced into our Lower House, on 28 March 2018. At that time the Government hoped that it would become law before the…