The Common Reporting Standard is an information standard for the automatic exchange of tax and financial information on a global level, which the Organisation for Economic Co-operation and Development developed in 2014. Its purpose is to combat tax evasion. The idea was based on the USA Foreign Account Tax Compliance Act implementation agreements and its legal basis is the Convention on Mutual Administrative Assistance in Tax Matters. As of 2016, 83 countries had signed an agreement to implement
2016-08-13T23:44:35-04:00. The biggest flaw in the Articles of Confederation was that it created a weak federal government with no powers to impose taxes or regulate trade. The correct option among all the options that are given in the question is the fourth option or option D. I hope that the answer has come to your help.
(true or false) These items were not considered to be weaknesses in the Articles of Confederation: 1. no executive or president, 2. no court system, 3. no power to tax, 4. one vote per state, and 5. unanimous votes being required.