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A 'quantum leap' in private wealth

During these heady times of heightened reporting standards, intergovernmental agreements and the relentless drive for transparency, jurisdictional certainty can be a hard thing to find

6 July 2015

The introduction of the OECD's Common Reporting Standard (CRS) which comes into play in the UK from 1 January 2016, shouldn't be as big a challenge for Jersey firms as it might be for those in other jurisdictions, given the time and energy Jersey has invested into positioning itself right at the cutting edge of information exchange.

Pascal Saint-Amans, director of the OECD Center for Tax Policy and Administration, and keynote speaker at Jersey Finance's Annual London Private Client Conference this year, referenced the 'tremendous job Jersey has done contributing to the international tax agenda'; a fantastic, genuine and deserved endorsement of the work so far in the tax and regulation space.

Throughout the conference, which was attended by more than 400 private client accountants, lawyers and wealth advisers, the speakers and panellists spoke about the reporti...

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