OECD AEoI update - Seven more countries agree to Common Reporting Standard (CRS).

In a boost for international efforts to strengthen co-operation against offshore tax evasion, seven new countries have joined the agreement to exchange information automatically under the OECD/G20 standard.

Australia, Canada, Chile, Costa Rica, India, Indonesia and New Zealand became the latest countries to join the Multilateral Competent Authority Agreement (MCAA), bringing the total number of jurisdictions to 61. The Agreement implements the Standard for Automatic Exchange of Financial Information in Tax Matters, developed by the OECD and G20 countries and presented in 2014.