Intertax Article CARF’s Impact on the Crypto Marketplace: An Equal and Opposite Reaction?

In this article Paul shares his expectations on the fall-out from CARF, DAC8 and the other incoming crypto-asset reporting regimes. Grounding his views in precedents from recent tax reporting for conventional asset classes, Paul forecasts resistance from the industry and investors, leading to novel enforcement challenges faced by tax authorities when confronted by an agile and motivated target. In closing, Paul sets out a series of enhanced enforcement proposals that tax authorities might adopt to further CARF/DAC8 compliance. Reprinted from Intertax, volume no. 54, issue 3, (2026), pgs. 183-190, with permission of Kluwer Law International. The full contents of the issue, dedicated to the taxation of crypto assets, can be found here (subscriber access only).