- published: 14 Jan 2015
- views: 8515
The Common Reporting Standard (CRS), formally referred to as the Standard for Automatic Exchange of Financial Account Information, is an information standard for the automatic exchange of information (AEoI), developed in the context of the Organisation for Economic Co-operation and Development (OECD). The legal basis for exchange of data is the Convention on Mutual Administrative Assistance in Tax Matters and the idea is based on the USA Foreign Account Tax Compliance Act (FATCA) implementation agreements.
On May 6, 2014, forty-seven countries tentatively agreed on a "common reporting standard": an agreement to share information on residents' assets and incomes automatically in conformation with the standard. Until now, the parties to most treaties which are in place for sharing information have shared information upon request, which has not proved effective in preventing tax evasion. The new system is supposed to transfer all the relevant information automatically and systematically. This agreement is informally referred to as GATCA (the global version of FATCA)", but "CRS is not just an extension of FATCA".
In the area of tax policy, Exchange of Information is a critical tool in assuring compliance with tax codes. As the as economy becomes increasingly globalized taxpayers gain greater freedom to move between countries and regions. Tax authorities, however, are restrained by national borders. In order for governments to ensure the proper application of their tax laws, the free and accurate exchange of information is critical. The OECD Centre for Tax Policy and Administration works to improve flow of information in this area and establish a legal framework to facilitate it.
The automatic exchange of information (AEOI) is the new international standard in tax matters. From 2017/2018, tax relevant data from bank clients will be automatically exchanged between tax authorities of participating countries. This short film aims to answer the most important questions about the AEOI: How does it work, which data will be exchanged, what are the consequences for the clients? You can find more information about AEOI on our website: http://www.swissbanking.org/en/aeoi.htm
3 minutes to understand the Automatic Exchange Of Information: the major points to keep in mind, with infographics support. Interview with Aude Donnève, Group Product Manager at CACEIS.
Globalization is a word who everybody knows. As a result of Globalization international laws getting implemented who officially care about topics like anty money laundering, tax fraud, and terrorism financing. However, the truth behind is the implementing of a total control system who makes everybody's financial movements simply visible. The newest invention of the global control system is called „Common Reporting Standards“ (CRS). 100 countries worldwide signed this agreement. +++ Whats CRS ? +++ Simply explained, everybody who owns a bank account outside his country will be automatically reported to his home countries tax authorities. This means no matter if you own a private or corporate account outside your country your foreign bank will automatically report all your bank transact...
My last video about Automatic Exchange of Information on Financial Accounts. This is the first ever agreement to exchange this type of information automatically between the jurisdictions that signed the agreement under a single global standard on an annual basis. 54 jurisdictions committed to start the information exchange by 2017, 47 jurisdictions more by 2018. If you are operating a business outside of your country of citizenship or residency you should be aware of the new reporting standards! --------------------------------------------------- Contact Astorts Group: 👉🏻 www.astortsconsulting.com 👉🏻 info@astorts.com 📞 +442037402520 📞 +85235212835 📞 +74991123783 --------------------------------------------------- #bank #exchange #aeoi #fatca #money #investment #forex #broker #wealthmanag...
This video describes KPMG’s Regulatory Explorer & Governance for AEOI technology tool that is designed to provide enhanced visibility for global financial institutions to better manage their customer compliance and reporting obligations based on the OECD’s Common Reporting Standards (CRS) and AEOI legislation.
Echange automatique d'informations des banques. Ce qu'il faut savoir. Quelles solutions ?
ییس سازمان انرژی اتمی درباره روند طراحی و ساخت پیشرانهای هستهای نیز اظهار کرد: گزارش اولیه درباره ساخت و طراحی پیشرانهای هستهای را زودتر از موعد به دفتر رهبری و رییسجمهور ارائه کردیم و امکانسنجیها را به تفسیر بیان کردیم. این پروژهای سنگین و هزینهبر است و با جدیت روی آن کار میکنیم. برای اولین بار است که اعلام میکنم، چند هفته پیش به مقامات ارشد کشور این گزارش را ارائه کردیم و جزئیات راکتورهایی که قرار است در کشتیها و پیشرانها قرار گیرند، به تفصیل بیان شده است. وی تاکید کرد: امکان عملیاتی کردن پروژه ساخت پیشرانهای هستهای را داریم. ما در حال طراحی راکتورها هستیم و بر روی تاسیسات جانبی کار میکنیم. ما در این زمینه کمیتهای داریم که روند در آن دنبال می شود. ما با این فرض جلو می رویم که پروژه عملیاتی میشود http://www.farsnews.com/newstext.php?nn=13960120000344 Iran Ruhani:orders ...
“AEOI is the next logical step towards transparency”. Efraim Stefansky, Capco. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#168040 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman Regardez la Dukascopy TV dans votre langue: http://www.youtube.com/user/dukascopytvfrench Veja a TV Dukascopy na sua língua: http://www.youtube.com/user/dukascopytvpt
Data quality is one of the biggest headaches facing Tax teams for CRS reporting. New data health check helps an organisation identify and fix data issues throughout the year. Here's a short video on KPMG's Automatic Exchange of Information (AEOI) Reporting Tool.
[Chorus]
I been on the low for a while, but now
It's time to rise up, so open your eyes up
And recognise the real, that's all up in your grill
Yo Yo gots the flow, y'all niggas know the deal [x2]
[Verse 1]
It's a must that I thrush world plush a little lush money
Green like sus-money, cream and takes the bus
International connects, plus discuss the hush-hush
West-side, Who Ride?, World-wide, Bomb-rush
So what's the deal with all this 'keep it real' rapping
I'm still flexing skills, collect my mill and keep stepping
Pack a weapon close if I ghost a nigga then I'm Swayze
Cause rapping pays me to live shady, wilin' crazy
Just the killer Cali lady, snatch your fuckin lady
If rappers be board, you niggas still couldn't play me
So save the drama for your mommy and your poppy
When I hit the track up a mad truck couldn't stop me
To all you, Versace wearin' Donna Karen tricks
Starin' all up in my grill, I'ma let you know the deal
I'm still droppin' bombs like Sudam Husain
Who-Bang, like Mack-10, sip gin and kick game
[Chorus]
[Verse 2]
I've been on the low, but now it's time to show and prove
Turn my dues to power moves, I got 'em winning never lose
So whoever snooze, on the Y-O-Y-O better buy you
A superior plot, I'm blowin' up the spot
Hip-Hop's the mil-ticket, and I still kick it
For my niggas in the hood, best believe it's all good
My game is understood from LA to Amsterdam
So I organise my fam' and rock the world like Pearl Jam
This girl's a thriller, got more game than Shirl' Miller
And as this world turns, my main concern is earnin' scrilla
I'm realer than most don't test this west coast fever
On your reciever, with more respect than Aretha
Franklin, got mo' bankin', drudge and wheezy
I'm movin on up so give it up this shit ain't easy
But see I, step to my B I and be fly
Like a sparrow, but their all stackin' up 'Genaro
[Chorus]
[Verse 3]
You best rocognise game about the things that I told
Everything that glitters an't gold, but this mic I hold
Is worth about a million, really don't peep the flow
I generate more pace than Wall Street when I blow
You know this how we do, in killer Cali rule
Mic check, one two, when the Yo be comin' through
With the lyrical, verbal miracle, oh Jesus
I say what I want and I do as I pleases
For any nigga step in my direction and question
My affection for this game that I be flexin'
The same as chin-checkin, I'll be right there like demolition
I'm on a mission, so just listen
I'm spittin', the game related, that keep you faded
Intoxicated, then your pocket get raided
I made it, for them G's and Ladies
Beneath the palm trees just shootin' the breeze
[Chorus]
That's the way, uh uh, we like it
Bad as I wanna be, you don't wanna step to me
That's the way, uh uh, we like it
Steady Risin' to the top, movin' up another notch [x2]