2016
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which is not a part of country that signed a Multilateral Competent Authority agreement for the automatic exchange to boost transparency by multinational enterprises (MNEs)
|
|
Iran
|
|
|
India
|
|
|
Canada
|
|
|
Iceland
|
Explanation:
Detailed explanation-1: -The Common Reporting Standard (CRS) is a global reporting standard for the Automatic Exchange of Information (AEOI), set forth by the Organisation for Economic Co-operation and Development (OECD), and advocated by G20 countries. More than 100 countries have signed up to exchange information under the CRS.
Detailed explanation-2: -The Multilateral Competent Authority Agreement (“the MCAA”) is a multilateral framework agreement that provides a standardised and efficient mechanism to facilitate the automatic exchange of information in accordance with the Standard for Automatic Exchange of Financial Information in Tax Matters (“the Standard”).
There is 1 question to complete.