European Union:
Trusts And Privacy - A New Battle Front
02 March 2016
Withers LLP
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The use of trusts is under attack in a number of European
jurisdictions, and the OECD's Common Reporting Standard poses
significant further threats to their use.
In this article we look at the reporting rules of the
CRS, including in comparison with FATCA, and argue that a more
balanced application of the CRS can be achieved with regards to
trusts if there is urgent dialogue with the OECD and EU.
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The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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