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US: IRS proposes Crypto Reporting Regulations

IRS Proposes Crypto Reporting Regulations | Find Know DoIRS Releases Proposed Regulations on Digital… | Fenwick & West LLPReporting Crypto Sales: US Treasury Proposes Rules for Brokers – Blockchain (bakermckenzie.com)2023-17565.pdf (govinfo.gov)Nelson Mullins – Nelson Mullins Tax Report – Proposed Regulations on Information Reporting for Digital Asset Sales and...
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Canada: Revenue Agency publishes Guidance on Mandatory Disclosure Rules

CRA publishes detailed guidance documents relating to new mandatory disclosure rules – Thorsteinssons LLP Tax Lawyerswww.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/compliance/mandatory-disclosure-rules-overview/guidance-document.htmlfin.canada.ca/drleg-apl/2023/nwmm-amvm-0423-bil.pdfwww.millerthomson.com/en/publications/communiques-and-updates/tax-notes/july-13-2023/new-reportable-transaction-rules-receive-royal-assent/CRA releases new and revised mandatory disclosure forms – Thorsteinssons LLP Tax LawyersThe Expanded Mandatory Disclosure Rules: An In-Depth Discussion – WeirFoulds LLPThe Mandatory Disclosure Rules: CRA Releases Updated Guidance – WeirFoulds LLPNew...
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Canada: Penalties for Failure to Disclosure Tax Planning are now “very significant”

www.osler.com/en/resources/regulations/2023/bill-c-47-introduces-significant-changes-to-the-canadian-mandatory-disclosure-ruleswww.dentons.com/en/insights/articles/2023/june/26/cras-new-mandatory-disclosure-rules-with-significant-non-compliance-penalties-passed-into-lawwww.canada.ca/en/department-finance/news/2023/06/legislation-focused-on-a-strong-middle-class-affordable-economy-and-healthy-future-receives-royal-assent.htmlwww.parl.ca/DocumentViewer/en/44-1/bill/C-47/royal-assentwww.mccarthy.ca/en/insights/blogs/terms-trade/deemed-ownership-rule-now-force-addressing-heightened-canadian-sanctions-riskwww.parl.ca/DocumentViewer/en/44-1/bill/C-47/royal-assentwww.blakes.com/insights/bulletins/2023/key-amendments-to-canadian-sanctions-legislation-nwww.blakes.com/insights/bulletins/2023/canada-revenue-agency-publishes-guidance-on-mandatwww.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/compliance/mandatory-disclosure-rules-overview/guidance-document.html 0
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