The AEoI standard achieved prevention of tax evasion by holding assets abroad also for wealth management structures.
The purpose of the Automatic Exchange of Information (AEoI) is the prevention of tax evasion by holding assets abroad. This goal can only be reached if all tax payers with assets abroad are reported, i.e. the AEoI can not be circumvented.
© 2017 KPMG Holding AG is a member of the KPMG network of independent firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss legal entity. All rights reserved.