The CARFtools webstore is now officially open!
CARFtools provides an array of products to ensure you understand your obligations and how to implement your compliance policies with surety. For newcomers to CARF and related tax disclosure regimes, CARFtools offers expert guidance, such as our comprehensive series of training videos. For those with some CARF awareness who are looking to assess their own CARF status and duties, CARFtools delivers a set of detailed question-and-answer workflows and plain-language explanatory materials. These products can assist any programme in getting up to speed with their CARF obligations.
CARFtools’ operationalized products, moreover, are uniquely valuable for those parties looking for implementation support. Our suite of resources enables affected parties to manage their own compliance programmes from top-to-bottom and start-to-finish. Beyond the training materials, workflows, and assessment tools, CARFtools offers the following products, which will be necessary and/or mandatory for many CARF compliance programs–
- For the customers you need to on-board… CARF-compliant self-certification forms – required for documenting your customers, along with procedural guidance and checklists (also comes with the underlying code, so you can integrate CARF self-certs into your existing electronic onboarding process);
- For the regulators/auditors who demand to see the blueprint for your compliance programme… Written CARF policies and procedures – both universal ones for the general OECD and EU standards and specific ones tailored to the rules of individual CARF jurisdictions;
- So that the reporting deadline is not a constant misery…. A CARF reporting repository – to capture reportable information and ensure that tricky CARF reporting rules are obeyed; and
- For the variety of compliance options and collateral duties presented by the CARF rules in diverse jurisdictions… Assorted template agreements and notification letters.
Our Services
We understand that an advisory firm must match top-quality technical interpretation with an understanding of the operational implications in order to deliver advice that can be implemented by the client efficiently and without undue disruption
OECD CRS Automatic exchange of financial account information by banks and other financial intermediaries
CARF & DAC8Increased tax and regulation of digital assets, including incoming inclusion into reporting regimes per OECD's CARF and EU's DAC8
EU DAC6 & OECD MDRsDisclosure rules for service providers party to cross-border transactions displaying "aggressive" tax attributes |
FATCA/QIAutomatic exchange of account and payment information for US Persons and non-US Persons receiving US income
Other US/International Corporate, Trust & Partnership Tax MattersA variety of tax advisory services focused on cross-border income flows and asset holdings for primarily non-US Persons with US assets, including US income and estate taxation. US §864(c)(8) & §1446(f)Withholding and reporting on payments to non-US investors from US PTPs, private equity and other funds holding active US companies |
US §871(m)Withholding and reporting on non-US investors on payments from derivative instruments with underlying US equities The Corporate Transparency Act (BO registry) Registry law compels US corps/LLCs to disclose information on Beneficial Owner(s) |
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Prior to establishing his own advisory firm, Paul Foster Millen (NYU School of Law, J.D. '05, LL.M in Tax '18), the founder and principal of Millen Tax & Legal GmbH, serves as the lead advisor to Swiss banks, derivative product issuers, trust companies and single family offices on an array of US-related and cross-border tax and regulatory topics.
Millen Tax & Legal GmbH was established under the applicable corporate formation laws of the Canton of Zurich in Switzerland and registered by the cantonal corporate registrar (Handelsregistraramt), effective as of 9 February 2017. |
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