OECD: “Fictional residences” circumventing the AEoI | KPMG | GLOBAL
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OECD: New rules on “fictional residences” circumventing the AEOI

OECD: “Fictional residences” circumventing the AEOI

Since the automatic exchange of information (AEOI) was introduced globally, the Organisation for Economic Cooperation and Development (OECD) has been working towards closing any loopholes.


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The OECD in March 2018 accepted mandatory disclosure rules for common reporting standard (CRS) avoidance arrangements and opaque offshore structures. In parallel, the OECD launched a further initiative called “Preventing abuse of residence by investment schemes to circumvent the CRS” aimed at fictitious tax residences based on investments.


Read an April 2018 blog item prepared by the KPMG member firm in Switzerland

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