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.
Best Answer: The Articles of Confederation failed because they left too much power with the states. The federal government had no power to levy or collect taxes, no power to regulate trade, and no power to enforce laws.There was also no executive branch under the Articles of Confederation, and no national court system.ne of the main reasons that they Articles of the Confederation failed was because they did not create a strong central government. Interstate commerce was also not controlled.