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Podcast: Offshore Tax with HTJ.tax
Episode: The Core CRS / FATCA Principle: No Look-Through of Financial Institutions
Description: The Core CRS / FATCA Principle: No Look-Through of Financial InstitutionsAt the heart of both CRS and FATCA lies a fundamental architectural rule: Financial Institutions (FIs) are not treated as reportable persons.This is not accidental—it is structural. In this episode, we unpack why the system is designed this way and why requiring look-through of Financial Institutions can undermine the logic of the framework.🔎 The Structural Logic of CRS & FATCAUnder the Common Reporting Standard issued by the Organisation for Economic Co-operation and Development and under FATCA:• F...