Tax Transparency
In conjunction with the G20, the OECD developed the Common Reporting Standard (CRS) as a global standard for the automatic exchange of information.
This was approved by the OECD Council in July 2014, and in October 2014 over 50 jurisdictions confirmed adoption of the CRS by signing a multilateral competent authority agreement. Nearly 50 jurisdictions began exchanging data in 2017 with a further 53 participating in 2018. A number of jurisdictions have not yet set a date for participation.
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