France Plans Automatic Reporting Of Foreign Crypto Data

5h ago•

bullish:

bearish:

The scene illustrates the possibility for the French tax authority to access data from users of foreign crypto platforms. On the left, a tax administration representative monitors the arrival of digital files into a huge official vault. On the right, several international platforms, symbolized by their servers and logos, transmit information through glowing orange data streams. In the foreground, concerned investors check their computers and smartphones, fearing reinforced tax surveillance. The globe highlights the international dimension of these exchanges. Overall, it evokes increased tax transparency, without presenting this potential data transmission as already effective or systematic.

The Senate approved an agreement allowing the automatic exchange of information about cryptos held with foreign providers. This text does not create any new tax, but it mainly gives the tax authority the means to compare taxpayers' declarations with data received each year from its counterparts.

L’article France Plans Automatic Reporting Of Foreign Crypto Data est apparu en premier sur Cointribune.

5h ago•

Cointribune

bullish:

bearish:

Manage all your crypto, NFT and DeFi from one place

Securely connect the portfolio you’re using to start.