i see them on the website but i dont know if its about aeoi
I do not know ... if it was important for me I would ask them directly.so you think that transferewise does not automatically communicate data every year ?
1. Transferwise does not report anything under CRS AEOI as of 2019; they do comply with information requests from CRS member states. They do report US persons under FATCA. It's highly likely TW will start to report under CRS AEOI as of 2020 or 2021, so it will not be a viable long-term solution.
Why do you assume that a country of residency is equal to a country of one's passport?Not country of birth, country of residency so country of your passport
Scary but agree, next recession would make crypto great againCRS reporting is residency/tax residency reporting only.
However its only a matter of time before CRS goes down passport reporting also like FATCA. I am sure plenty of cash strapped countries would want to know what cash their non-resident nationals are holding abroad . Especially those who took flight like the 10,000's of millionaire that ran from France.
I think the end game is this. All CRS countries agree to a new US style passport reporting and a new taxation based on nationality to help fight wealth flight. At the same time they agree to a 50% tax over all assets a citizen holds if they revoke their citizenship...i.e a new OECD exit taxation . The end game is scary .
P.S They already have very similar policy in place for U.S Citizens
Well, what's the problem to park some of one's money in crypto, except the fact that it's not stable?
I'm thinking to create one that doesn't require KYC/AML to withdraw