Part 2 – Managing information reporting obligations in a transparent environment
This session will provide an overview and practical experiences of the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) obligations for 2020. These obligations and regimes are relevant for both financial institutions and non-financial institutions (including in respect of any accounts or investments held by such taxpayers in financial institutions). The session will cover:
- FATCA and CRS reporting update for 2020 including common practical and technical issues;
- An update on ATO activity and themes arising from the ATO’s use of data analytics obtained from various taxpayer reporting obligations.
Presenter: Robert Davies, EY
Rob Davies, is a Director of EY and their Oceania lead for FACTA/CRS with over 15 years experience in the banking and capital markets sector. Rob spent four years running the international tax change function at a Tier-1 American investment bank in London. In this role he led the global implementation of the CRS across 40+ jurisdictions, including the design and implementation of an “end-to-end” CRS compliance and reporting function.