As part of the coordinated efforts with the G20, more than 47 trillion accounts and several offshore vehicles were exposed in order to bring light to €4.9 Trillion.
The booted efforts is showing its first results with the publication of this initial set of data (Report).
The OECD mentioned that nations taking part of the Automatic Exchange of Information (AEOI) program have recovered €95 billion in tax money.
The Common Reporting Standards (CRS) has gained 90 participants making it the larges initiative for tax transparency in the history.
The incredible success and the large scale of the initiative is showing the first benefits to governments with the possibility to get declared important pieces of information and relevant assets in order to apply a fair and transparent taxation to the different revenue types.
since the initiative started in 2018 about 5.000.000 individuals eligibility disclosed their offshore assets and account holdings (as per reported information).