On Sept. 1, the Chinese regime shared tax-related information with authorities in 83 countries that operate under the Common Reporting Standards (CRS) as set forth by the Organization for Economic Co-operation and Development (OECD).
By deciding to operate under the CRS, Beijing will come into greater cooperation with countries that wealthy Chinese often use to conceal their riches — among them the Virgin Islands, Bermuda, Luxembourg, Switzerland, and the Bahamas.
