$32trillion gone and all this time we were and will still be struggling along.

financial institutions need time to train their staff on properly informing clients of the requirements.

On May 5, the OECD added a human-driven whistle-blower facility on its on its Automatic Information Exchange portal.

The Whistle-Blower Facility:

The OECD says the portal allows interested parties to report potential schemes to circumvent the CRS.

This facility is part of a three step process the OECD has put in place to deal with schemes that purport to avoid reporting under the CRS. The steps in the process are: (1) identify reporting loopholes, (2) analyze them, (3) decide on action. Action may mean adapting CRS procedures or cracking down on secretive countries by quizzing them in so called “peer reviews” of how they implement CRS procedures.

http://jpost.com/app/article/490946

India and Korea will be the first countries to commence reporting in 2017. The irony of recent politics in those two countries.

LThe AEOI requirement will see bank account information reported by the banks to the domestic tax authorities, who will then exchange the data with tax authorities in partner countries.

http://www.straitstimes.com/business/ba…

So Joe every individual on the planet is going to need a tax identification number? This the devil.

http://www.iol.co.za/business-report/co…

http://www.biznews.com/global-citizen/2…

Then he'll be the same one to turn around and say we need VAT becaus this crew of fukers say so.

Did you ever get paid when prbibution was ended? Imagine how well of we would have been.

This is worse than finding oil, selling it all, and getting neither pay nor fuel.

Bye bye everyone who lives here to be next to their money.

"the handwriting has been on the wall for some time” with regard to the Bahamas’ changed CRS approach. Explain.

"via an international media onslaught in a bid to force this nation to alter its CRS approach"
Bahamas Leaks. And we think this type of aggression will ease up? If they want it that way, give it to em that way where they can't make geopolitical moves on info.

How much is this going to cost our treasury?

Just like Ingrahm who gone run sign everything.