Luxembourg newsflash – Common Reporting Standard
As you may have heard, the OECD Common Reporting Standard (“CRS”) issued last year took a big step towards a global and coordinated approach to automatic disclosure of income earned by individuals and organisations. As a measure to counter tax evasion, it builds upon other legislations aimed at information sharing, such as FATCA and the EU Savings Directive.
As you may have heard, the OECD Common Reporting Standard (“CRS”) issued last year took a big step towards a global and coordinated approach to automatic disclosure of income earned by individuals and organisations. As a measure to counter tax evasion, it builds upon other legislations aimed at information sharing, such as FATCA and the EU Savings Directive.
Should you wish to read the full newsflash, please click on the link below:
