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This document is a resolution authorizing a contract with Cornerstone Benefits Group for the Medicare Part D application and reconciliation process to ensure rebates for the City.
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What is 2c 2 aeai of?
2c 2 aeai stands for Common Reporting Standard (CRS) and Automatic Exchange of Financial Account Information. It is an international standard adopted by the Organization for Economic Cooperation and Development (OECD) to combat tax evasion. It requires financial institutions to collect and report financial account information of their customers who are tax residents of foreign jurisdictions.
Who is required to file 2c 2 aeai of?
Financial institutions, such as banks, custodians, and insurance companies, are required to file 2c 2 aeai. They must collect relevant financial account information from their customers and report it to their local tax authorities.
How to fill out 2c 2 aeai of?
To fill out 2c 2 aeai, financial institutions need to collect and report specific information about their customers' financial accounts, such as account balances, interest income, dividends, and capital gains. They must follow the reporting guidelines provided by their local tax authorities and use the specified reporting format.
What is the purpose of 2c 2 aeai of?
The purpose of 2c 2 aeai is to promote transparency and exchange of financial information between different tax jurisdictions. It aims to prevent tax evasion by allowing tax authorities to exchange information about financial accounts held by their respective taxpayers in foreign jurisdictions.
What information must be reported on 2c 2 aeai of?
Financial institutions must report various information on 2c 2 aeai, including the account holder's name, address, tax identification number, account balances, income generated from the account, and information about any investment assets held in the account.
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