Follow usPlease click above "德勤Deloitte"↑HSBC recently published the HSBC Legacy Planning booklet in which interview comments from our National GFSI Tax Leader Patrick Yip and Tax Partner Candy Chan on the Common Reporting Standard (CRS) are featured. CRS, the guidelines issued by the Organisation for Economic Co-operation and Development (OECD) in 2014 and effective in 2016, aims to establish a mechanism among jurisdictions for the information exchange on financial accounts, which currently covers over 100 countries and jurisdictions. In the interview, Patrick and Candy discussed the concept of “Tax Residence” and the uncertainty around this concept under certain circumstances. "Tax residents of reportable jurisdictions" refer to those who are liable to tax by reason of residence in the jurisdictions. In general, whether or not an individual is a tax resid
………………………………