Tax Transparency - The New Global Reporting Standard

May 2018

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 on 15 July 2014 and in October 2014 over 50 jurisdictions confirmed adoption of the CRS by signing a multilateral competent authority agreement. Nearly 60 jurisdictions began to exchange data in September 2017: many others are beginning participation throughout 2018.