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welcome back to our channel in todayamp;#39;s video we will discuss ke features and principles of CRS and fatka we will explore the essential features and principles of these two initiatives and how they are shaping the landscape of tax transparency letamp;#39;s dive into the key aspects of CRS and fatka the need for Global Tax transparency transparency in tax reporting is crucial in a globalized economy to ensure Fair tax payments and government revenue collection key features of CRS the common reporting standard CRS is an international framework for the automatic exchange of financial account information among participating countries key information shared under CRS CRS ensures the exchange of information such as account balances interest income dividends and other Financial details key features of fatka the forign account tax compliance Act fatka is a United States law that seeks to prevent tax evasion by us taxpayers using foreign Financial accounts key information reported under
