TRACE: The next big tax thing

TRACE: The next big tax thing

Since Finland announced that it would be the first country to adopt the OECD’s The Tax Relief and Compliance Enhancement (TRACE) IP from 1st January 2021, there has been much excitement in the marketplace about the new regime and the opportunity it presents for financial institutions operating in global markets.

FATCA Wars Episode IX – Revenge of the Myth

FATCA Wars Episode IX – Revenge of the Myth

OK, so I admit, I’m conflicted. As a purist and one who was brought up in a scientific environment, I get really frustrated when I see so many half truths and misconceptions in a regulatory environment. Regulation should be first about clarity and that will lead to...
Are we really lost without TRACE?

Are we really lost without TRACE?

I read a great article recently by Alix Robertson with subject matter experts Lorraine White of BNY-Mellon and Paul Radcliffe of EY, both of whom I happened to serve with on the European Commission Tax Barriers Business Advisory Group (‘T-BAG’). The article can be...