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Crypto-Asset Reporting Framework
The Crypto-Asset Reporting Framework (commonly referred to as CARF) is a global initiative led by the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes which is intended to promote the automatic exchange of information between countries to tackle emerging tax evasion risks related to cryptocurrency and digital assets. The rules will require Crypto-Asset Service Providers (CASPs) to collect information on users including individuals' tax residences and tax identification numbers and report that information to their domestic tax authority. Tax authorities will then exchange that information between themselves to assist with tax compliance, assessment and monitoring. History Following the widespread adoption of cryptocurrency and blockchain technologies, there has been concern that they could facilitate illicit activity, including tax evasion. In a 2022 Impact Assessment:, the European Commission stated that the lack of centralised control, pseudo-anon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OECD
The Organisation for Economic Co-operation and Development (OECD; , OCDE) is an international organization, intergovernmental organization with 38 member countries, founded in 1961 to stimulate economic progress and international trade, world trade. It is a forum (legal), forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD members are generally regarded as developed country, developed countries, with High-income economy, high-income economies, and a very high Human Development Index. their collective population is 1.38 billion people with an average life expectancy of 80 years and a median age of 40, against a global average of 30. , OECD Member countries collectively comprised 62.2% of list of countries by GDP (nominal), global nom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York University School Of Law
The New York University School of Law (NYU Law) is the law school of New York University, a private research university in New York City. Established in 1835, it was the first law school established in New York City and is the oldest surviving law school in New York State and one of the oldest law schools in the United States. Located in Greenwich Village in Lower Manhattan, NYU Law grants J.D., LL.M., and J.S.D. degrees. In , NYU Law's bar passage rate was 94.9%, the sixth-highest in the United States. History New York University School of Law was founded in 1835, making it the oldest law school in New York City. It is also the oldest surviving law school in New York State and one of the oldest in the United States. The only law school in the state to precede it was a small institution conducted by Peter van Schaack in Kinderhook, New York, from 1785 to his death in 1832. Founded just four years after the establishment of New York University, NYU Law is also the unive ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Information Reporting
Tax information reporting in the United States is a requirement for organizations to report wage and non-wage payments made in the course of their trade or business to the Internal Revenue Service (IRS). This area of government reporting and corporate responsibility is continuously growing, carrying with it a large number of regulatory requirements established by the federal government and the states. There are currently more than 30 types of tax information returns required by the federal government, and they provide the primary cross-checking measure the IRS has to verify accuracy of tax returns filed by individual taxpayers. Information returns The tax information return most familiar to the greatest number of people is the Form W-2, which reports wages and other forms of compensation paid to employees. There are also many forms used to report non-wage income, and to report transactions that may entitle a taxpayer to take a credit on an individual tax return. These non-wage for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FATCA
The Foreign Account Tax Compliance Act (FATCA) is a 2010 U.S. federal law requiring all non-U.S. foreign financial institutions (FFIs) to search their records for customers with indicia of a connection to the U.S., including indications in records of birth or prior residency in the U.S., or the like, and to report such assets and identities of such persons to the United States Department of the Treasury. FATCA also requires such persons to report their non-U.S. financial assets annually to the Internal Revenue Service (IRS) on form 8938, which is in addition to the older and further redundant requirement to report them annually to the Financial Crimes Enforcement Network (FinCEN) on form 114 (also known as 'FBAR'). Like U.S. income tax law, FATCA applies to U.S. residents and also to U.S. citizens and green card holders residing in other countries. FATCA applies to all subjects identified as U.S. person. All U.S. citizens are U.S. person by default, but a non-U.S.-citizen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Money Laundering
Money laundering is the process of illegally concealing the origin of money obtained from illicit activities (often known as dirty money) such as drug trafficking, sex work, terrorism, corruption, and embezzlement, and converting the funds into a seemingly legitimate source, usually through a front organization. Money laundering is illegal; the acts generating the money almost always are themselves criminal in some way (for if not, the money would not need to be laundered). As financial crime has become more complex and financial intelligence is more important in combating international crime and terrorism, money laundering has become a prominent political, economic, and legal debate. Most countries implement some anti-money-laundering measures. In the past, the term "money laundering" was applied only to financial transactions related to organized crime. Today its definition is often expanded by government and international regulators such as the US Office of the Comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elisabeth Svantesson
Karin Elisabeth Svantesson (; born 26 October 1967) is a Swedish politician of the Moderate Party. She has served as Minister for Finance in the cabinet of Ulf Kristersson since October 2022 and has served as first deputy leader of the party since 2019. Svantesson previously served as Minister for Employment from 2013 to 2014. She has been a Member of the Riksdag since 2006, representing Örebro County. Career Svantesson studied economics at Örebro University between 1987 and 1991. Prior to being elected to the Swedish Riksdag, she was a university teacher and doctoral student. She holds an economics licentiate from 2006. Svantesson was elected to the Swedish Riksdag in the 2006 general election. In the Riksdag, she became an ordinary member of the Labour Market Committee and a deputy member of the Enterprise Committee. In October 2009 she also became deputy member of the Finance Committee and in November 2009 she became an ordinary member of the board of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
KPMG
KPMG is a multinational professional services network, based in London, United Kingdom. As one of the Big Four accounting firms, along with Ernst & Young (EY), Deloitte, and PwC. KPMG is a network of firms in 145 countries with 275,288 employees, affiliated with KPMG International Limited, a private English company limited by guarantee. The name "KPMG" stands for "Klynveld Peat Marwick Goerdeler". The initialism was chosen when KMG (Klynveld Main Goerdeler) merged with Peat Marwick in 1987. KPMG has three lines of services: financial audit, tax, and advisory. Its tax and advisory services are further divided into various service groups. In the 21st century, various parts of the firm's global network of affiliates have been involved in regulatory actions as well as lawsuits. History Early years and mergers In 1816, Robert Fletcher started working as an accountant and in 1839 the firm he worked for changed its name to Robert Fletcher & Co. William Barclay Peat join ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Markets In Crypto-Assets
Markets in Crypto-Assets (MiCA or MiCAR) is a regulation in European Union (EU) law. It is intended to help streamline the adoption of blockchain and distributed ledger technology (DLT) as part of virtual asset regulation in the EU, while protecting users and investors. MiCA was adopted by the EU Parliament on 20 April 2023 and has been fully applicable since December 2024. Title The full name of the law is "Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto-assets, and amending Regulations (EU) No 1093/2010 and (EU) No 1095/2010 and Directives 2013/36/EU and (EU) 2019/1937". The regulation is unofficially called "Markets in Crypto-Assets" (MiCA) or "Markets in Crypto-Assets Regulation" (MiCAR) for short. MiCA is part of a digital finance package that intends to transform the European economy. Function MiCA provides legal certainty around crypto assets – cryptocurrencies, security tokens and stablecoins. It is sim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by Paul Reuter. The Thomson Corporation of Canada acquired the agency in a 2008 corporate merger, resulting in the formation of the Thomson Reuters Corporation. In December 2024, Reuters was ranked as the 27th most visited news site in the world, with over 105 million monthly readers. History 19th century Paul Julius Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions of 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Directive On Administrative Co-operation In The Field Of Taxation (2011/16)
The Directive on Administrative Co-operation in the field of taxation (commonly referred to as 'the DAC') is a Directive (European Union) which sets rules for the Automatic Exchange of Information (AEOI) which apply to members of the European Union (EU). The DAC's primary purpose is to tackle tax evasion and avoidance through the sharing of information on individuals and entities within the EU. Overview The Directive has been amended 7 times to expand the scope of AEOI within the EU, reflecting both global initiatives in this area undertaken by the OECD as well as the EU's own initiatives. In addition, an amendment to the Regulation on administrative cooperation and combating fraud in the field of value added tax adds an additional AEOI reporting requirement in respect of payments. History The original Directive (Council Directive 2011/16) entered into force in 2011 and established a framework for co-operation between Member states of the European Union in direct tax matters ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Le Monde
(; ) is a mass media in France, French daily afternoon list of newspapers in France, newspaper. It is the main publication of Le Monde Group and reported an average print circulation, circulation of 480,000 copies per issue in 2022, including 40,000 sold abroad. It has been available online since 1995, and it is often the only French newspaper easily obtainable in non-French-speaking countries. It should not be confused with the monthly publication ', of which has 51% ownership but is editorially independent. is considered one of the French newspapers of record, along with ''Libération'' and . A Reuters Institute for the Study of Journalism, Reuters Institute poll in 2021 found that is the most trusted French newspaper. The paper's journalistic side has a collegial form of organization, in which most journalists are tenured, unionized, and financial stakeholders in the business. While shareholders appoint the company's CEO, the editor is elected by ''Le Monde''s journali ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Member State Of The European Union
The European Union (EU) is a political and economic union of Lists of member states of the European Union, 27 member states that are party to the EU's Treaties of the European Union, founding treaties, and thereby subject to the privileges and obligations of membership. They have agreed by the treaties to share their own sovereignty through the institutions of the European Union in certain aspects of government. State governments must agree unanimously in the Council of the European Union, Council for the union to adopt some policies; for others, collective decisions are made by qualified majority voting. These obligations and sharing of sovereignty within the EU (sometimes referred to as Supranational union, supranational) make it unique among international organisations, as it has established its own legal order which by the provisions of the founding treaties is Primacy of European Union law, both legally binding and supreme on all the member states (after Costa v ENEL, a land ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
