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Finance and the Economy Occupy Wall Street in Historical Perspective Mark Jickling Specialist in Financial Economics Sean M. Hoskins Analyst in Financial Economics November 14 2011 Congressional Research Service 7-5700 www. crs.
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The term 'crs occupy wall street' refers to a reporting requirement for financial institutions to report certain financial accounts to the tax authorities in order to combat tax evasion and promote transparency in the financial system.
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Financial institutions must report information such as the account holder's name, address, tax identification number, account balances, income, and tax residency status.
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