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The C L A S S E S O N S P R I N G 2 0 1 4 E C E L F ALL 2 0 1 4 Bob Howard, Professional Development Consultant EXCEL Workshops A L L S E S S I O N S L I S T E D I N C L U D E A B O O K L E T A N
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c l a s stands for Common Reporting Standard, which is an information exchange system created to combat tax evasion and promote transparency among different countries.
Financial institutions and individuals who have reportable accounts are required to file c l a s.
c l a s can be filled out online through the designated reporting portals provided by the tax authorities of the respective country.
The purpose of c l a s is to provide tax authorities with information on offshore accounts held by their residents in other countries.
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