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Relocating HNWIs must scrutinise local tax rules to avoid shocks: BDO

Although tax reporting is becoming increasingly standardised across jurisdictions, emigrating HNWIs must acquaint themselves with the relevant local tax arrangements in order to avoid “unexpected surprises”, according to global tax and professional services network, BDO. While the CRS tax reporting scheme continues to facilitate the development of relatively universal tax-reporting standards across Asian jurisdictions, BDO has cautioned individuals to examine and…

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