Common Reporting Standards Come Into Effect. on January 1, 2016 For Many Offshore Funds
December 28, 2015 Practices: Hedge Funds, Investment Management, Private Investment Funds, Tax On January 1, 2016, the new standard for automatic exchange of information between tax authorities developed by the OECD (the “Common Reporting Standard”) becomes effective in the Cayman Islands, Bermuda, the British Virgin Islands, Guernsey, Jersey and a number of othe..