Global common reporting standard “may be overly invasive”, says top HK private wealth law firm

24 July 2015 | 3 minutes read

A top Hong Kong private banking lawyer believes that a global automatic information exchange standard could end in uncertain controls on how data is used after release, even as pressures rise on combating cross-border tax evasion. “We are somewhat concerned about Hong Kong’s proposed participation in a global common reporting standard,” Kevin Lee, a senior partner at Zhong Lun Law Firm, tells…

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