Transparency groups have reacted in different ways, and some criticize the fact that developing countries have not been considered and involved.  The collection and provision of information can be so costly and difficult for developing countries that it is not possible to participate in the regime. Instead of offering a period of non-reciprocity during which developing countries could simply obtain financial data, the only mention of non-reciprocal agreements is the reception of tax havens.  India has signed a multilateral pact that would help it better understand how multinationals structure their operations around the world and distribute the revenues and taxes paid. Since October 2014[update], 51 countries have signed the Multilateral Competent Authority Agreement (MCAA) to automatically exchange information on the basis of Article 6 of the Convention on Mutual Tax Assistance.  This means that each jurisdiction can negotiate and determine its own accounts subject to reporting in its agreement. [Citation required] Their goal is to combat tax evasion. The idea was based on the implementation agreements of the US Foreign Account Tax Compliance Act (FATCA), whose legal basis is the Convention on Mutual Tax Assistance. 97 countries have signed an implementation agreement and others intend to sign it at a later date. The first notifications took place in 2017, many of the others from 2018. The new system should automatically and systematically transmit all relevant information.
The agreement has been informally referred to as GATCA (the global version of FATCA), but “CRS is not just an extension of FATCA.”  Amit Maheshwari, Partner, Ashok Maheshwary – Associates, a CA company, stated that Indian tax administrators can have a complete understanding of how MNCs structure their operations and assume income and taxes. The confidentiality of this information is also preserved, as it is a channel fully channelled by the government for the exchange of information, he said. Other countries will also benefit from the signing of the multilateral agreement, he added.