Demystifying CRS For The Global Automatic Exchange of Financial Account Information

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The Common Reporting Standards (CRS) was developed by Organization for Economic Cooperation and Development (OECD) members to help combat tax avoidance and enhance tax compliance. For decades, previous efforts that were adopted by countries proved highly ineffective as tax evaders crafted better tricks to circumvent the law and avoid paying taxes.  Read More

Everything You Need To Know About Common Reporting Standards (CRS)

Before Common Reporting Standards (CRS) was passed, the Organization for Economic Co-operation and Development was using Standards for Automatic Exchange of Financial Account Information. CSR was passed in 2014 by 47 countries that sought to share data about residents’ income and assets in a standard manner. Hong-Kong is still a paradise…

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