Article Title
Abstract
The United States' one-sided approach to tax transparency might lead to an unprecedented clash with the European Union (EU) in the near future. In light of the EU's deadline for the United States, the U.S. Treasury and Congress should urgently engage in a discussion on whether the United States should adopt the Common Reporting Standard (CRS) for automatic exchange of financial account information. A recent report from the U.S. Government Accountability Office considered this issue and did not recommend adopting CRS. This Essay discusses the contents of the report, as well as important considerations that were left out of the report.
Recommended Citation
Noam Noked,
Should the United States Adopt CRS?,
118
Mich. L. Rev. Online
118
(2019).
Available at:
https://repository.law.umich.edu/mlr_online/vol118/iss1/1
Included in
Banking and Finance Law Commons, Comparative and Foreign Law Commons, European Law Commons, Tax Law Commons