The OECD has published a report Taxing virtual currencies: an overview of tax treatments and emerging tax policy issues providing analysis of the tax implications for a number of emerging issues, including the growing interest in stablecoins and ‘central bank digital currencies’, as well as the evolution of the consensus mechanisms used to maintain blockchain networks and the development of decentralised finance. Prepared with the participation of over 50 jurisdictions, the report is the first comprehensive analysis of the approaches and policy gaps across the main tax types (income, consumption and property taxes) for such a large group of countries.
The OECD has published a report Taxing virtual currencies: an overview of tax treatments and emerging tax policy issues providing analysis of the tax implications for a number of emerging issues, including the growing interest in stablecoins and ‘central bank digital currencies’, as well as the evolution of the consensus mechanisms used to maintain blockchain networks and the development of decentralised finance. Prepared with the participation of over 50 jurisdictions, the report is the first comprehensive analysis of the approaches and policy gaps across the main tax types (income, consumption and property taxes) for such a large group of countries.
