CRS disclosure facility delivers first results, according to OECD announcement
In a message of 1 June 2017 the OECD announces that the Common Reporting Standard (CRS) disclosure facility – which public disclosure facility was launched by the OECD on 5 May 2017 for information on schemes designed to circumvent the application of the CRS – delivered first results. The OECD strongly encourages practitioners, financial advisers, civil society and anyone with knowledge of schemes that purport to circumvent the application ...
OECD launches facility to disclose CRS avoidance schemes; over 1800 relationships now in place to automatically exchange CRS information between tax authorities
As part of its ongoing efforts to maintain the integrity of the OECD Common Reporting Standard (CRS), the OECD on 5 May 2017 launched a disclosure facility on the Automatic Exchange Portal which allows interested parties to report potential schemes to circumvent the CRS. Also today, a further important step to implement the CRS was taken, with an additional 500 bilateral automatic exchange relationships being established between over 60 ...