Posted 11/10/2023, 9:03:06 AM
Nearly 50 Countries Pledge to Implement Crypto Tax Reporting System by 2027
- Nearly 50 countries pledge to authorize new Crypto-Asset Reporting Framework for automatic tax info exchange by 2027
- Framework developed by OECD to require reporting on crypto transactions and assets
- Signatories include most OECD members and some offshore financial centers
- Critical markets like China, UAE, Russia missing from list of pledging countries
- Framework aims to improve tax compliance and prevent evasion by crypto users