Since the Automatic Exchange of Information (AEol, CRS) was introduced globally, the OECD and the EU have been working towards closing any loopholes. Already in March 2018, the OECD accepted the “Mandatory Disclosure Rules for CRS Avoidance Arrangements and Opaque Offshore Structures” (OECD MDR). A few months later, the EU enacted a directive regarding the […]

An address by Avinash Persaud 1.  I would like to begin with a short story of what happened in another industry not such a long time ago with a number of parallels for our topic today. 2.  On October, 16th, 2002, six years before the collapse of Lehman Brothers, an article appeared in the Financial […]