The District of Columbia Bar Tax Legislative and Regulatory Update Conference, a two-day conference on tax legislative and regulatory developments, included a one-and-a-half hour panel on taxation of cryptocurrencies and related reporting issues.
A European Parliament draft report recommends a European approach on crypto taxation and enhancing crypto-asset information exchange among EU tax administrations.
An IRS spokesperson has confirmed that the IRS does not intend to finalize the widely-criticized 2019 proposed section 382 regulations.
The UK Government reaffirms its commitment to introduce a corporate re-domiciliation regime, which was broadly supported during the initial consultation phase. However, more detail is needed as to how the regime would work in practice.