Tax transparency and disclosure expert, Giovanni Canton, has joined EY’s Channel Islands tax team as a Senior Manager. Giovanni has extensive experience of supporting financial services firms comply with the ever changing tax transparency and disclosure rules.
With increasing focus from global regulators on tackling tax evasion and avoidance he has focused specifically on supporting clients with the Foreign Account Tax Compliance Act (FATCA), the Common Reporting Standard (CRS) and Country by Country Reporting (CbC). With more changes coming in, for example the OECD Mandatory Disclosure Regime for Addressing CRS Avoidance Schemes and the EU DAC6, Giovanni has extended his expertise into these wider disclosure regimes.
Originally from Italy, Giovanni has over 10 years’ tax experience working in Verona and Milan. During this time he assisted clients with the implementation of CRS compliance programmes, the preparation of their FATCA and CRS reports and the submission of CbC reporting. As well as providing technical advice he has provided training workshops and spoken at various conferences on tax transparency.
As the automatic exchange of information (AEOI) rules have evolved, he has supported in shaping the future of tax transparency and disclosure by providing significant comments in response to the OECD’s consultation on the Mandatory Disclosure Rules for Addressing CRS Avoidance Arrangements and Offshore Structures.
In his new role Giovanni will be focusing on assisting clients with the ongoing implementation and management of their AEOI and wider disclosure programmes.
Wendy Martin, EY Partner and Channel Islands Head of Tax, said; “Giovanni is a fantastic addition to the Channel Islands tax team and will further strengthen our local tax transparency and disclosure capabilities. Now is a crucial time for financial institutions, with the imminent Tax Authorities’ audits likely to begin in the coming months. Having Giovanni’s international expertise on the team will ensure we are ready to assist local businesses with their ongoing reporting and disclosure obligations.”
