Common Reporting Standard
E793274
The Common Reporting Standard is a global framework developed by the OECD for the automatic exchange of financial account information between tax authorities to combat tax evasion.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Common Reporting Standard canonical | 2 |
How this entity was disambiguated
This entity first appeared as the object of triple T9339655 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Common Reporting Standard Context triple: [Foreign Account Tax Compliance Act, influenced, Common Reporting Standard]
-
A.
Foreign Bank and Financial Accounts Reports
Foreign Bank and Financial Accounts Reports are mandatory U.S. filings that disclose individuals’ and entities’ financial interests in or authority over foreign bank and financial accounts to help prevent tax evasion and financial crimes.
-
B.
OECD Creditor Reporting System
The OECD Creditor Reporting System is a comprehensive international database that tracks and reports detailed statistics on official development assistance and other resource flows to developing countries.
-
C.
Trade Reporting and Compliance Engine
The Trade Reporting and Compliance Engine (TRACE) is FINRA’s centralized system for collecting and disseminating real-time transaction data on U.S. corporate and other fixed-income securities to enhance market transparency and regulatory oversight.
-
D.
CRS
CRS is a major international humanitarian agency of the U.S. Catholic community that provides emergency relief and long-term development assistance in countries around the world.
-
E.
CRS
CRS is the commonly used abbreviation for the Chicago Red Stars, a professional women's soccer team based in the Chicago metropolitan area.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Common Reporting Standard Target entity description: The Common Reporting Standard is a global framework developed by the OECD for the automatic exchange of financial account information between tax authorities to combat tax evasion.
-
A.
Foreign Bank and Financial Accounts Reports
Foreign Bank and Financial Accounts Reports are mandatory U.S. filings that disclose individuals’ and entities’ financial interests in or authority over foreign bank and financial accounts to help prevent tax evasion and financial crimes.
-
B.
OECD Creditor Reporting System
The OECD Creditor Reporting System is a comprehensive international database that tracks and reports detailed statistics on official development assistance and other resource flows to developing countries.
-
C.
Trade Reporting and Compliance Engine
The Trade Reporting and Compliance Engine (TRACE) is FINRA’s centralized system for collecting and disseminating real-time transaction data on U.S. corporate and other fixed-income securities to enhance market transparency and regulatory oversight.
-
D.
CRS
CRS is a major international humanitarian agency of the U.S. Catholic community that provides emergency relief and long-term development assistance in countries around the world.
-
E.
CRS
CRS is the commonly used abbreviation for the Chicago Red Stars, a professional women's soccer team based in the Chicago metropolitan area.
- F. None of above. chosen
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
automatic exchange of information framework
ⓘ
international tax standard ⓘ |
| abbreviation | CRS ⓘ |
| appliesTo |
financial institutions
ⓘ
tax authorities ⓘ |
| basedOn |
FATCA
ⓘ
linked to:
Foreign Account Tax Compliance Act
Foreign Account Tax Compliance Act ⓘ |
| covers |
bank deposit accounts
ⓘ
certain insurance contracts ⓘ custodial accounts ⓘ interests in investment entities ⓘ |
| dataCollected |
account balances
ⓘ
dividends ⓘ gross proceeds from sale of financial assets ⓘ interest income ⓘ |
| defines |
controlling persons of entities
ⓘ
due diligence rules for entity accounts ⓘ due diligence rules for individual accounts ⓘ reportable accounts ⓘ reportable jurisdictions ⓘ reporting financial institutions ⓘ |
| developer |
OECD
ⓘ
Organisation for Economic Co-operation and Development ⓘ
linked to:
OECD
|
| follows | multilateral competent authority agreement framework ⓘ |
| hasPart |
CRS Commentaries
ⓘ
CRS Model Competent Authority Agreement ⓘ CRS XML Schema ⓘ |
| implementedBy |
European Union
ⓘ
many OECD member states ⓘ many non-OECD jurisdictions ⓘ |
| inception | 2014 ⓘ |
| jurisdiction | participating jurisdictions of OECD members and non-members ⓘ |
| language | English ⓘ |
| legalForm | soft law standard ⓘ |
| mainSubject |
automatic exchange of financial account information
ⓘ
tax transparency ⓘ |
| publisher | OECD Publishing ⓘ |
| purpose |
combat tax evasion
ⓘ
improve tax compliance ⓘ |
| regulates |
due diligence procedures for financial institutions
ⓘ
reporting of financial account information ⓘ |
| relatedTo |
Base Erosion and Profit Shifting Project
ⓘ
linked to:
BEPS Project
Global Forum on Transparency and Exchange of Information for Tax Purposes ⓘ |
| replaced | many bilateral tax information exchange agreements for account data ⓘ |
| requires |
annual reporting of financial account information
ⓘ
electronic transmission of data between tax authorities ⓘ identification of account holders’ tax residence ⓘ self-certification by account holders ⓘ |
| scope | cross-border financial accounts ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Common Reporting Standard Description of subject: The Common Reporting Standard is a global framework developed by the OECD for the automatic exchange of financial account information between tax authorities to combat tax evasion.
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
OECD Global Forum on Transparency and Exchange of Information for Tax Purposes
→
standardPromoted
→
Common Reporting Standard
ⓘ