Services

Tax Transparency

The exchange of account and financial information across borders with the objective of tax transparency is the new reality. Several regimes that are currently in effect or are scheduled for implementation in the near or mid-term future affect how financial institutions globally do business.

US Tax Transparency regimes (QI, FATCA, 871(m))

Non-US financial institutions need to comply with due diligence, withholding, reporting and compliance obligations imposed by various US Tax Transparency regimes. Those regimes primarily aim at disclosing US taxpayers holding offshore investments (FATCA) and ensuring that the correct withholding rate is applied on direct and indirect investments in US securities (QI and 871(m)).

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International Tax Transparency regimes (AEOI/CRS, DAC6/MDR)

International Tax Transparency regimes require the identification and reporting of reportable offshore financial accounts (AEOI/CRS) as well as potentially aggressive cross-border tax-planning arrangements (DAC6/MDR). Once financial institutions or intermediaries report relevant accounts or arrangements to their local tax authorities, the local tax authorities will automatically exchange the data with the tax authorities in the taxpayers’ jurisdiction of tax residence with the goal to increase tax transparency and compliance globally.

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Deloitte Tax Transparency Products and Services

Deloitte offers a range of products and services to support affected institutions in complying with obligations under relevant US and International Tax Transparency regimes. Our range encompasses online knowledge management and training solutions, standard products and presentations/workshops, bespoke advisory services, external reviews as well as remediation support.

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Contact our Tax Transparency experts

Brandi Caruso

Brandi Caruso

Financial Services Tax & Legal

Brandi heads Deloitte’s Financial Services Tax team in Switzerland and Liechtenstein. She has extensive expertise in advising the Swiss financial services industry on the implementation of U.S. and in... More

Karim Schubiger

Karim Schubiger

Financial Services Tax & Legal

Karim leads the Tax Transparency team in the Suisse Romande and Ticino markets within the Financial Services Tax & Legal practice, responsible for services related to QI, FATCA, CRS, 871(m) and DAC6. ... More

Michael Grebe

Michael Grebe

Financial Services Tax & Legal

Michael is a Director in the Financial Services Tax & Legal practice. He advises banks, trust companies, and insurers in relation to the interpretation and implementation of the global transparency re... More

Robin King

Robin King

Financial Services Tax & Legal

Robin is a Senior Manager working in Financial Services Tax & Legal. He advises leading Swiss universal and private banks, acting as subject matter expert in the area of QI, FATCA, CRS and DAC6. Robin... More

Sarah Rathgeb

Sarah Rathgeb

Financial Services Tax & Legal

Sarah is a FATCA, AEOI/CRS and QI specialist advising Swiss and international banks and insurance companies on technical aspects of compliance, implementation and review relating to these regimes. She... More

Elena  Bonsembiante

Elena  Bonsembiante

Manager

Elena is a QI, FATCA and CRS specialist and an Italian certified public accountant. She is leading as Manager several QI, FATCA and CRS projects for middle sized banks in the French and Italian speaki... More