Should the United States Adopt CRS?

16 Pages Posted: 25 Sep 2019

See all articles by Noam Noked

Noam Noked

The Chinese University of Hong Kong (CUHK) - Faculty of Law

Date Written: June 1, 2019


The United States’ one-sided approach to tax transparency might lead to an unprecedented clash with the European Union (EU) in the near future. In light of the EU’s deadline for the United States, the U.S. Treasury and Congress should urgently engage in a discussion on whether the United States should adopt the Common Reporting Standard (CRS) for automatic exchange of financial account information. A recent report from the U.S. Government Accountability Office considered this issue and did not recommend adopting CRS. This Essay discusses the contents of the report, as well as important considerations that were left out of the report.

Keywords: CRS, FATCA, AEOI, Automatic Exchange of Information, United States, Tax Haven, Tax Evasion, GAO

JEL Classification: K34

Suggested Citation

Noked, Noam, Should the United States Adopt CRS? (June 1, 2019). Michigan Law Review Online, Vol. 118, 2019. Available at SSRN:

Noam Noked (Contact Author)

The Chinese University of Hong Kong (CUHK) - Faculty of Law ( email )

6/F, Lee Shau Kee Building
Shatin, New Territories
Kowloon, Sha Tin
Hong Kong

Register to save articles to
your library


Paper statistics

Abstract Views
PlumX Metrics