The introduction of FATCA and CRS has reshaped global taxation, making it nearly impossible to hide wealth offshore. While FATCA applies to U.S. taxpayers, CRS connects 100+ jurisdictions in a worldwide reporting network, ensuring compliance and transparency. Though often seen as complex, these frameworks are vital for governments and financial institutions to curb tax evasion. For bu... https://www.skmcglobal.com/blog/fatca-and-crs-reporting