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By Eric CENTI, Partner, Nenad ILIC, Director Anthony TREMBLIER, Senior Manager at Deloitte Luxembourg
For about 20 years now, the Organisation for Economic Co-operation and Development (OECD) has been promoting the exchange of information for tax purposes as an efficient way to tackle tax evasion and aggressive tax avoidance.
To achieve this goal, the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes created two standards: the exchange of information on request and the automatic exchange of information (AEOI). The second standard, which we explore in this article, is more commonly known as the Common Reporting Standard (CRS) and constitutes a network of more than 100 jurisdictions that have implemented the...
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