Dozens of countries, including the United States and the United Kingdom, have issued joint statements to combat cryptocurrency tax evasion and assure the public that these jurisdictions agree to cryptocurrency tax rules. eDeveloped by the Organization for Economic Cooperation (Crypto-Asset Reporting Box) Shelf (CARF). Widespread, consistent and timely implementation of CARF will further improve our ability to ensure tax compliance and combat tax evasion, because tax evasion reduces public revenue and increases the burden on payers. tax. The crypto asset reporting framework is expected to be launched in 2027.
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