Revenue secy pushes for crypto reporting framework

Revenue Secretary Arvind Shrivastava on Tuesday said that countries must adapt to new challenges, including digital economy taxation and crypto asset reporting framework, which will need both technical innovation and coordinated action.

Addressing the 18th Plenary meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes in New Delhi, Shrivastava said countries must continue to deepen beneficial ownership transparency, ensure strong data confidentiality systems and make sure that information shared under international standards is used effectively.