Together with Hubbis, a community for wealth management professionals in Asia, we have conducted a survey to find out what challenges the market is facing and how wealth managers can react to global tax compliance.
The key findings have been summarized in a short report and have been set amidst the assessment of some of the key broader tax and compliance issues and considerations that the wealth industry in Asia should, or rather must, take on board. The Covid-19 pandemic has slowed economic and social activities and thus regulators are even more in need of bolstering dwindling tax revenues. Tax transparency is the new reality and respondents of the survey explained that they are under pressure from all quarters. Read the whole report to find out how they prepare and how increased reporting obligations can be turned into a competitive advantage.
Insight
Planning for the Common Reporting Standard (CRS)
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Best practices, recent OECD initiatives and future implications. Learn more from best practices shared by industry representatives from e.g., Standard Chartered, ANZ, Maybank, CLSA or Bank of Singapore.
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This is the third and final article in a series of Chartis Points of View that explore the evolution of regulatory reporting technology and the context in which it is changing.
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