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Tax scrutiny will “level the playing field” to the benefit of Asian private banks

Asia-based private banks, which have been growing faster than their global rivals in the region, could win more market share as new tax rules “level the playing field” between onshore and offshore private banking, analysts say. Together with tax amnesties across Asia, the Automatic Exchange of Financial Account Information (AEOI) – which will involve at least 100 countries globally –…

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