https://www.taxtmi.com/news?id=15256 International tax transparency and cross border information sharing are presented as central mechanisms to detect and recover illicitly concealed funds. The Common Reporting Standard (CRS) is identified as the new global standard for automatic exchange of information, and the AEOI Group is mandated to develop a methodology for reviewing CRS implementation in a transparent, peer based process with specific reviews of confidentiality and data safeguards for jurisdictions. The signing of the Multilateral Competent Authority Agreement (MCAA) is noted as expanding the signatory network. en-us Thu, 03 Dec 2015 17:15:45 +0530 Thu, 03 Dec 2015 17:15:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15256 International tax transparency and cross border information sharing are presented as central mechanisms to detect and recover illicitly concealed funds. The Common Reporting Standard (CRS) is identified as the new global standard for automatic exchange of information, and the AEOI Group is mandated to develop a methodology for reviewing CRS implementation in a transparent, peer based process with specific reviews of confidentiality and data safeguards for jurisdictions. The signing of the Multilateral Competent Authority Agreement (MCAA) is noted as expanding the signatory network. News - Thu, 03 Dec 2015 17:15:45 +0530 https://www.taxtmi.com/news?id=15256