With China readying for the implementation of the common reporting standard (CRS) from July, a law firm has advised Chinese citizens that they will likely not be able to avoid being subject to the automatic exchange of financial account information (AEOI) by changing nationality. A joint statement titled “Managing methods for due diligence on non-resident financial accounts” (translated from Chinese: 《非居民金融账户涉税信息尽职调查管理办法》)…
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