Cadwalader attorneys review a federal court's recent dismissal of Jarrett v. U.S., a suit to recoup taxes paid on cryptocurrency staking rewards, highlighting key details in the case and discussing its significance for the crypto industry, including the lack of a clear resolution on the issue. To read the full article, please click here.
The OECD finalises its guidance on the crypto-asset reporting framework.
The IRS recently obtained approval to issue a John Doe summons to obtain taxpayer information from a bank partnered with a cryptocurrency trading platform. At least one recent court case indicates that taxpayers may be able to challenge the constitutionality of the summons at a future date.
The Court of Justice of the European Union annulled the European Commission’s State aid decision against Fiat, holding that the European Commission using its own criteria in its assessment was harmonisation in disguise.
