Australian Tax Office published CRS statistics on accounts held by foreign tax residents in 2018
The #Australian #Tax #Office (#ATO) on August 05, 2020 released #CRS statistics about financial accounts held by offshore account holder held with Australian financial institutions for the reporting year 2018.
ATO has collected information on 5.8+ million offshore account holder located in 247 jurisdiction worth US$ 150+ Trillion.
The details can be found under the ATO CRS Statics 2018.
Reader have to considered that account holder may be tax resident in multiple jurisdictions and/or having multiple account holder to whom the full balance is attributable. As a result, some account may be included multiple times in the report.
Additionally it has to be considered, that the statistics includes 533+ thousands accounts held by resident in United States or US United States Minor Outlying Islands which are subject to report under FATCA.
Finally, I would like bringing to your attention that #HongKong residents ranks 7th held 223+ thousand accounts with a value of US$ 6.6 trillion (HK$ 51.6 trillion) in 2018.