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The OECD's Crypto-Asset Reporting Framework (CARF) is now active in 48 countries, requiring crypto service providers to report user transaction data to tax authorities. This initiative aims to enhance tax transparency and reduce tax evasion by facilitating automatic information sharing among jurisdictions starting in 2027.
The IRS has lost two key crypto initiative directors, Seth Wilks and Raj Mukherjee, who accepted voluntary resignation offers amid staff cuts. Both officials were involved in improving crypto taxation and compliance but are now on paid administrative leave after their departure from the agency.