What are the implications of FATCA and CRS on an individual investor?

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  • เผยแพร่เมื่อ 16 ม.ค. 2025

ความคิดเห็น • 4

  • @Viv8ldi
    @Viv8ldi หลายเดือนก่อน

    Does the app Wise tell the tax office wether you have some money on it?

  • @gummarao
    @gummarao 6 ปีที่แล้ว

    Thanks for info sir,
    Still i have question, why we FTca and Crs

    • @gummarao
      @gummarao 6 ปีที่แล้ว

      Why still we have fata and crs
      Anyone is enough right

    • @salmanmalik2184
      @salmanmalik2184 3 ปีที่แล้ว +1

      @@gummarao FATCA requires all Participating Foreign Financial Institutions to give details about the US citizens/residents to IRS. FATCA is only a bilateral agreement between the US and let's say India. Whereas in CRS, more than 100 countries are participating in the automatic exchange of information of investors who are residents of a country other than the domestic country. So, If a country other than US wants to have information about their foreign residents who are hiding money in offshore bank accounts, they must comply with CRS.