CityWire: The UK is exploiting the widespread adoption of the US Foreign Account Tax Compliance Act (Fatca) rules on tax information sharing with plans to launch its own version, effectively ending client tax anonymity across UK dependencies.
Full story: http://www.citywire.co.uk/wealth-manager/channel-islands-surrender-client-confidentiality-to-uk-son-of-fatca/a640042?ref=wealth-manager-industry-news-list