I think some countries like Canada, NZ and Australia already uaing CRS a means to recoup overseas income from tax residents, similar to the US FATCA.
Most new emigrants will have bank accounts in their home countries. These accounts will likely generate interest. What’s more if you sell your
property and deposit the amount in the bank, this amount will be reported under CRS. In fact, any income deposit into the bank will likely come under scrutiny under the new exchange of information between governments.
This is happening more frequently in the last year or so. Has any emigrant been affected by this recently ?
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