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Nowhere to hide. That’s the goal behind new tax transparency obligations for crypto-assets being planned by the European Union through DAC8. Concerned that global tax transparency improvements achieved through the Common Reporting Standard (CRS) and US Foreign Account Tax Compliance Act (FATCA) will be undermined by crypto-assets, the OECD has been developing proposals for a […]

FATCA and CRS are set to have a new tax transparency reporting compatriot: the Crypto-Asset Reporting Framework (CARF). Government officials and tax authorities around the world are concerned that because crypto-assets can be transferred and held without using a traditional financial intermediary and with no central administrator visibility, global tax transparency gained through measures such […]