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Blog Post | TaxEd International

3 months to Doomsday: Offshore assets & Automatic exchange of information

Fasken
Reading Time 1 minute read
What is the “automatic exchange of financial information” In order to increase tax transparency across the globe, the Organisation for Economic Co-operation and Development (OECD) adopted the Common Reporting Standard (CRS) on July 15, 2014. The CRS initiative calls on each participating jurisdiction to obtain information from financial institutions within their country and automatically exchange … Continue reading 3 months to Doomsday: Offshore assets & Automatic exchange of information »