OECD Announces Public Consultation on Tax Transparency for Crypto-Assets

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Thursday, March 24, 2022
Author: 
Bruce Zagaris
Volume: 
38
Issue: 
4
Abstract: 

On March 22, 2022, the OECD issued a public consultation document involving a new world tax transparency framework to furnish the reporting and exchange of information with regard to crypto-assets and proposed amendments to the Common Reporting Standard (CRS) for the automatic exchange of financial account information between countries.  The consultation has the goal to inform the decisions of policy makers on the potential adoption of any such framework and its related components.