The idea of automatic EOI (AEOI) goes back far in time and finding means to avoid AEOI is an idea at least as old. The first realizations were first the so-called EU Savings Directive and then the big bomb: FATCA. EOI is short for Exchange Of Information. The information referred…
By now, I feel that it’s clear enough that I advocate for compliance with laws and regulations, and transparency in accordance with international standards. I therefore think it’s time to dedicate a couple of posts to the “dark side” of the international financial services industry – the things that make…
What is a TIEA? A TIEA is a Tax Information Exchange Agreement. The term tax treaty is used as an umbrella term for TIEA and DTA (Double Taxation Avoidance agreement). Historically, DTAs did not contain a clause for EOI (Exchange Of Information) but this has changed in recent years with…
Part seven of the Jurisdiction Spotlight series will focus on Vanuatu, one of the lesser known best known offshore jurisdictions. It is a jurisdiction that offers among the highest secrecy of all offshore jurisdiction, which is good and bad. History helps us understand the present, so let’s start thousands of…