Nearly 100 countries carried out automatic exchange of information in 2019, enabling their tax authorities to obtain data on 84 million financial accounts held offshore by their residents, covering total assets of EUR10 trillion.

This represents a significant increase over 2018 – the first year of such information exchange – where information on 47 million financial accounts was exchanged, representing EUR5 trillion. The growth stems from an increase in the number of jurisdictions receiving information as well as a wider scope of information exchanged.

The Common Reporting Standard requires countries and jurisdictio...