Let’s Talk about Trust: The Treatment of Foundations as Trusts under the Common Reporting Standard – A Call for a New Approach

In this article, the author discusses the inadequacies of the mandated treatment of Foundations under the OECD Common Reporting Standard (which draws a direct analogy with the treatment of trusts), the uncertainty that brings, and the concomitant risks of regulatory breaches. The author proposes a more consistent and accurate approach.