Outside Publication

Clearer CRS Guidance Needed for U.S. Benefit Plans, Tax Notes International

August 07, 2017

CRS is an international framework for the automatic exchange of financial information among jurisdictions to prevent tax evasion. More than 90 jurisdictions have either taken steps to implement CRS or have committed to doing so. Those participating jurisdictions include states popular among investment fund managers for organizing fund vehicles, such as the Cayman Islands, the British Virgin Islands, Guernsey, and Jersey. The United States is not a participating jurisdiction.

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