This IFA seminar will cover developments in tax information exchange standards: the Crypto-Asset Reporting Framework (CARF), amendments to CRS, and DAC 8.
The technological features of crypto assets have created new opportunities for tax evasion and other financial crimes. This problem is aggravated by the limited tax transparency for crypto assets. To resolve this problem, the OECD has published CARF as a new international standard. CARF essentially extends the existing CRS framework — designed for the traditional financial industry — to the crypto industry.
The seminar will explore CARF's design, implications, and weaknesses. It will also discuss other amendments to CRS and the EU's DAC 8.
Followed by drinks and some snacks. Those that would like to join us for an informal dinner afterwards, can you please send us a separate email on email@example.com
When: 12th of September
Where: Ernst & Young, 27/F One Taikoo Place, 979 King's Road, Quarry Bay
Time: 18:15 - 19:30
Looking forward to seeing you all there.