CRS threaty gives the balance of the bank account at the end of the year not the turn over?

[Jessie]

From what I read it seems like they are required to exchange the bank account balance for the reportable accounts at the end of the year not the annual turn over? Is that really so though?

If it is, it makes sense to use bank account in another country as operative one, for example where your monthly income comes and you spend from because it would be easy to just keep it low or even 0 at the end of the year.

However it seems to easy so I guess im missing something major here?

 

[negon]

We had this question over and over again on this forum. It makes sense sometimes to use Google to search this forum for threads and information.