Australia releases draft bill to adopt OECD crypto tax reporting framework
Source Summary
Australia has released a draft bill to implement CARF, the OECD's Crypto Asset Reporting Framework, joining 77 other jurisdictions in the commitment. The country expects to begin its first international exchanges of crypto tax data in 2028.
Why it matters
Coordinated international crypto tax reporting reduces opportunities for tax evasion and increases transparency in a previously opaque asset class.
