News

OECD update on enlargement of CRS global network

July 6, 2018

On 5th July 2018, the OECD published a new set of bilateral exchange relationships established under the Common Reporting Standard Multilateral Competent Authority Agreement (CRS MCAA).

The international legal network for the automatic exchange of offshore financial account information under the CRS now covers over 90 jurisdictions across the world including many prominent low tax jurisdictions.

The network that has been originated by the standard will allow over 100 jurisdictions to exchange CRS information in September 2018 under more than 3200 bilateral relationships that are currently in place.

See: http://www.oecd.org/tax/automatic-exchange/international-framework-for-the-crs/exchange-relationships/

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