Common Reporting Standard (CRS)
GPTKB entity
Statements (74)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:International_Organization_for_Standardization
|
| gptkbp:aims_to |
combat tax evasion
|
| gptkbp:developed_by |
gptkb:Organisation_for_Economic_Co-operation_and_Development_(OECD)
|
| gptkbp:facilitates |
information sharing between tax authorities
|
| gptkbp:focuses_on |
automatic exchange of financial account information
|
| https://www.w3.org/2000/01/rdf-schema#label |
Common Reporting Standard (CRS)
|
| gptkbp:includes |
reporting of account balances
reporting of dividends reporting of interest income |
| gptkbp:introduced_in |
gptkb:2014
|
| gptkbp:is_adopted_by |
gptkb:Africa
gptkb:Europe gptkb:Middle_East gptkb:Commonwealth_countries gptkb:Latin_America gptkb:North_America European Union member states developing countries Asia-Pacific region G20 countries over 100 jurisdictions non-OECD countries |
| gptkbp:is_based_on |
information exchange agreements
|
| gptkbp:is_criticized_for |
complexity of compliance
lack of clarity in guidelines potential privacy concerns lack of uniformity in implementation administrative burden on taxpayers potential for increased bureaucracy impact on small financial institutions implementation costs for financial institutions |
| gptkbp:is_designed_to |
reduce tax avoidance
|
| gptkbp:is_evaluated_by |
annual reports
peer reviews stakeholder consultations independent assessments |
| gptkbp:is_facilitated_by |
gptkb:international_treaties
technology solutions data exchange platforms |
| gptkbp:is_implemented_in |
countries worldwide
local legislation cooperation between jurisdictions |
| gptkbp:is_influenced_by |
global economic trends
|
| gptkbp:is_monitored_by |
OECD Global Forum on Transparency and Exchange of Information for Tax Purposes
|
| gptkbp:is_part_of |
international tax law
global governance frameworks global tax transparency initiatives OECD's tax policy framework OECD's Base Erosion and Profit Shifting (BEPS) project |
| gptkbp:is_promoted_by |
international conferences
tax authorities tax advocacy groups |
| gptkbp:is_promoted_through |
public awareness campaigns
workshops and seminars |
| gptkbp:is_related_to |
anti-money laundering efforts
tax treaties financial inclusion initiatives global financial system global tax justice movements |
| gptkbp:is_supported_by |
gptkb:academic_research
international organizations civil society organizations financial regulators financial technology companies |
| gptkbp:is_updated_by |
gptkb:OECD
|
| gptkbp:is_used_for |
cross-border tax compliance
|
| gptkbp:promotes |
tax compliance
|
| gptkbp:related_to |
gptkb:Foreign_Account_Tax_Compliance_Act_(FATCA)
|
| gptkbp:requires |
financial institutions to report information
due diligence procedures by financial institutions identification of account holders |
| gptkbp:supports |
financial transparency
|
| gptkbp:bfsParent |
gptkb:Foreign_Account_Tax_Compliance_Act_(FATCA)
|
| gptkbp:bfsLayer |
7
|