聚焦FATCA与CRS 第三期新智圆桌派·美元基金闭门会在上海举办

Group 1 - The global financial information exchange is becoming increasingly tight, and the transparency of overseas assets is continuously improving, prompting Chinese institutions to consider tax compliance issues when establishing USD funds abroad [1][3] - Recent international efforts to combat cross-border tax evasion have led to the emergence of two significant financial information automatic exchange standards: the U.S. Foreign Account Tax Compliance Act (FATCA) and the OECD's Common Reporting Standard (CRS) [3] - FATCA requires foreign financial institutions to report U.S. taxpayers' overseas asset data to the IRS, while CRS mandates participating countries to report account information of foreign tax residents to their respective tax authorities [3] Group 2 - The closed-door meeting featured presentations by KPMG partners discussing tax and compliance issues relevant to Chinese institutions managing USD funds [5] - A partner from Chenyu Group provided insights on the latest strategies for obtaining personal identification in Hong Kong, which is beneficial for Chinese managers frequently traveling between mainland China and Hong Kong [6] - The event, organized by New Intelligence Fund Network and NuBright, aims to provide Chinese USD fund managers with essential information on fund establishment, fundraising, and transactions through closed-door exchanges [8]