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CRS impact could be blunted by “broadly unorganised” data

The “broadly unorganised” nature of data collected in accordance with the common reporting standard (CRS) regime could limit the impact of information exchanges between tax authorities, according to a legal expert. While tax experts previously told Asian Private Banker that HNWIs will need to brace themselves for enquiries from tax authorities as the CRS exchange commences, Stefano Mariani, counsel at…

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