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KPMG 2016 Common Reporting Standard Survey Report

KPMG 2016 Common Reporting Standard Survey Report

To analyse the impact of CRS on financial institutions, KPMG conducted a survey of global tax and compliance professionals from the financial sector

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The Organisation for Economic Co-operation and Development’s effort to combat offshore tax evasion, known as the Common Reporting Standard (CRS), has created a significant compliance challenge for Financial Institutions (FIs) around the world. In an effort to shed light on the extent and impact of the CRS on bank, asset management, and insurance professionals working to bring their organizations into compliance, KPMG conducted a follow-up survey of global tax and compliance professionals from the financial services industry in 2016.

This survey report summarizes the findings of 146 high-level tax and compliance professionals—their views and insights into what their organizations are doing to comply with the CRS regulations.

<p>© 2018 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.</p> <p>KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.</p>

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