Odaily News 47 countries including the United States, the United Kingdom, Australia, Brazil, Canada, France, Germany, Greece, Italy, Japan, South Korea, and Switzerland have committed to authorizing the implementation of the Crypto Asset Reporting Framework (CARF) by 2027. This is a dispute between tax authorities. New international standards for the automatic exchange of information; and will be incorporated into its domestic legal system to improve its ability to ensure tax compliance and combat tax evasion. In the joint statement released by these countries, they also invited other jurisdictions to join in to strengthen the global automatic information exchange system and combat tax evasion. (Cointelegraph) Previous news in October 2022, the Organization for Economic Co-operation and Development (OECD) released its new global tax transparency framework, the Crypto-Asset Reporting Framework (CARF), to provide reporting and information exchange on crypto-assets. CARF stipulates that crypto asset companies must make relevant reports in the countries where they do business. Transactions between related cryptoassets and fiat currencies, as well as transactions between one or more cryptocurrencies and transfers of cryptocurrencies (including retail payment transactions), will need to be reported.