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.
Following is a list of the weaknesses of the Articles of Confederation: Under the Articles of Confederation, states often argued amongst themselves. They also refused to financially support the national government. The national government was powerless to enforce any acts it did pass.eaknesses of the Articles of Confederation. 1  Each state only had one vote in Congress, regardless of size. 2  Congress had not have the power to tax. 3  Congress did not have the power to regulate foreign and interstate commerce.