Swiss leaders plan to enforce global crypto reporting framework
Switzerland plans to adopt global standards for crypto tax reporting, joining the Crypto-Asset Reporting Framework to improve transparency. Go to Source
OECD
Auto Added by WPeMatico
Circle shifts legal home to US ahead of IPO
Circle’s strategic shift away from Ireland could increase compliance costs, but the tradeoff suggests improved investor confidence. Go to Source
47 countries pledge to authorize the crypto-asset reporting framework by 2027
The Crypto-Asset Reporting Framework is the new international standard for the automatic exchange of information between tax authorities. Go to Source
High skilled jobs most exposed to AI, impact is still unknown – report
A deep dive into global employment data and trends indicates that AI could have the biggest impact on high-skill jobs. Go to Source Powered by WPeMatico
New OECD report takes lessons from crypto winter, faults ‘financial engineering’
The Organisation for Economic Cooperation and Development found regulation and retail consumer protections lacking in a highly complex trading environment. Go to Source Powered by WPeMatico
OECD releases framework to combat international tax evasion using digital assets
The OECD said it planned to present the Crypto-Asset Reporting Framework to a meeting of G20 finance ministers and central bank governors on Oct. 12-13. Go to Source Powered by WPeMatico
India Calls on G20 to Bring Crypto Within Global ‘Automatic Exchange of Information’ Framework
India’s finance minister has called on the G20 countries to bring crypto within the “Automatic Exchange of Information” framework. More than 100 countries have adopted the Common Reporting Standard under the framework. G20 Urged to Bring Crypto Under Automatic Exchange of Information India’s finance minister, Nirmala Sitharaman, talked about cryptocurrency Friday during the G20 Ministerial … Read more
Report: Nigerian Crypto Restrictions and Twitter Ban Have ‘Crippled Foreign Direct Investment in the Fintech Industry’
A new report has concluded that restrictions on cryptocurrency trading, as well as the banning of Twitter by Nigerian authorities, may have “crippled foreign direct investment in the fintech industry.” Foreign Direct Investment ‘Crippled’ A new report has found that restrictions imposed by Nigerian authorities on crypto trading may have contributed to the reduced foreign … Read more
OECD opens proposal on tax transparency framework for crypto to public comment
According to the OECD, the crypto market posed a “significant risk” around tax transparency, claiming that any gains will eventually be lost without additional safeguards. Go to Source Powered by WPeMatico
OECD tax director says international crypto tax standards are coming in 2021
The director of the OECD’s tax center has revealed that the organization expects to release a tax reporting standard for crypto assets by the end of next year. Go to Source Powered by WPeMatico
