OECD Identifies Crypto and Blockchain as Challenging Tax Transparency

The Group for Financial Cooperation and Improvement (OECD) has issued a report back to the G20 finance ministers and central financial institution governors. The report examines the accomplishments and goals of the OECD in advancing its efforts to “redefine the worldwide panorama,” figuring out new applied sciences cryptocurrencies and distributed ledger expertise as posing distinctive challenges to “tax transparency.”

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OECD Discusses Worldwide Tax Agenda

The report asserts that the OECD, with help from the G20, has made “monumental strides” in implementing the OECD’s worldwide “tax agenda.” The group claims that its insurance policies have resulted in a transition of the “world monetary system” from “opacity and incongruity to transparency and coherence.”

Among the many main coverage goals sought by the establishments has been higher “tax transparency,” with…

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