OECD to release framework amid inconsistent rules on crypto taxation

The Organisation for Economic Cooperation and Development is next year planning to release a tax-reporting framework for crypto-assets based on the common reporting standard (CRS). The common reporting standard is the global standard for the automatic exchange of tax information related to financial assets and income. The OECD aims to ensure tax transparency with respect to crypto assets and the income derived from the sale of these types of assets. In a report published earlier this week, the OECD said it was "advancing its work to design a tax reporting framework that will ensure...