The Australian Tax Office (ATO), the country’s tax agency, is investigating 12 international crypto tax avoidance schemes. The J5 (The Joint Chiefs of Global Tax Enforcement) announced the crackdown after a recent meeting. The news comes from a report of the country’s daily. The union is planning to pursue 50 global investigations. ATO’s deputy commissioner, […]
Japan has announced its plans to introduce a new reporting system for crypto-based transactions. The government is looking forward to implement a global crypto tax strategy that will enable the National Tax Agency (NTA) to gather data from transaction intermediaries. The NTA will have the authority to access information about customers who fall under the tax evasion.