In an unprecedented move, nearly 50 nations, including major economic players and offshore financial hubs, have united in a joint pledge to swiftly implement the Crypto-Asset Reporting Framework (CARF). This international standard, developed by the OECD to facilitate the automatic exchange of information between tax authorities, signifies a bold step towards enhancing global tax transparency and curbing tax evasion in the booming crypto-asset market.
Meanwhile, the joint statement, issued by the Australian Government Treasury Department, outlines the commitment to ensure the timely and consistent implementation of the CARF.
Global Collaboration for Crypto-Asset Reporting Framework (CARF)
Underlining their commitment to fortify global tax transparency, nearly 50 nations including the US, UK, Australia, Germany, France, and Singapore, among others, have collectively pledged to expeditiously integrate the Crypto-Asset Reporting Framework (CARF) into their domestic legal frameworks. Notabl
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