Hey Guys,
Not sure if you noticed, but the year is quickly coming to a close. This means it won't be long before the government comes knocking on our doors for a pound of flesh (taxes). And of course, cryptocurrency gains are something tax agencies are very interested in.
The OECD recently released global crypto tax standards that will likely become law in most of its member countries in the next 1-2 years. It's safe to say that some of the reporting requirements could cause issues for both individuals and institutions in crypto.
What's interesting is that OECD has apparently been working on its global crypto tax standards since 2020, and was planning on releasing them in 2021. However, it wasn't until October this year that they were published. I speculate why at the end of the video.
Enjoy!
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⛓️ 🔗 Useful Links 🔗 ⛓️
► OECD CARF Full Document: https://www.oecd.org/tax/exchange-of-…
► CARF Explained By Tax Experts: https://youtu.be/lRpvJw3UUL0
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
