TheFuzzStone on Nostr: Just in case you were wondering about the gradual price increase of Monero. ...

Just in case you were wondering about the gradual price increase of Monero.

quoting
nevent1q…jax5

🌏 Asia is becoming more transparent for tax authorities: What has changed

While many still view Singapore, Hong Kong, or the UAE as a separate, insulated financial world, the OECD has published its Tax Transparency in Asia 2026 report.

In 2025 alone, thanks to information exchange and the CRS (Common Reporting Standard), Asian countries generated around €1.65 billion in additional tax revenue. Since 2009, this total has reached +€25.7 billion (representing 18% of all global tax revenues recovered through exchange of information).

🏦 CRS has already been implemented by:

🇦🇲 Armenia
🇦🇿 Azerbaijan
🇧🇳 Brunei
🇨🇳 China (exchange with 81 jurisdictions)
🇬🇪 Georgia
🇭🇰 Hong Kong (exchange with 84 jurisdictions)
🇮🇳 India
🇮🇩 Indonesia (86)
🇯🇵 Japan (87 jurisdictions)
🇰🇿 Kazakhstan
🇲🇴 Macau
🇲🇾 Malaysia (87)
🇲🇻 Maldives
🇵🇰 Pakistan
🇸🇬 Singapore (86 jurisdictions)
🇰🇷 South Korea (89 jurisdictions)
🇹🇭 Thailand
🇲🇳 Mongolia is scheduled to begin exchange in 2027.

Currently operating without exchange:
🇰🇭 Cambodia
🇵🇭 Philippines
🇱🇰 Sri Lanka
🇺🇿 Uzbekistan
🇻🇳 Vietnam

💰 In 2025, Asian tax authorities received CRS data on 76 million foreign financial accounts holding €4.1 trillion in assets.

📜 In 2025, Asian countries sent 2,209 requests to foreign tax authorities and received 2,630 requests from other jurisdictions.

That is the volume of individual (on-request) inquiries alone!

The next target: Ultimate beneficial ownership (UBO) of companies and legal structures, followed by crypto assets.

Agreed to implement the Crypto-Asset Reporting Framework (CARF):

From 2027:

🇮🇩 Indonesia
🇯🇵 Japan
🇰🇿 Kazakhstan
🇰🇷 South Korea

From 2028:

🇦🇿 Azerbaijan
🇭🇰 Hong Kong
🇲🇾 Malaysia
🇲🇳 Mongolia
🇸🇬 Singapore
🇹🇭 Thailand

In short, tax authorities are now receiving massive datasets and cross-referencing discrepancies among CRS reports, tax returns, tax residency status, corporate entities, and ultimate beneficial owners.