International Exchange of Financial Information on Distributed Ledgers: Outlook and Design Blueprint

Marco Crepaldi ()
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Marco Crepaldi: Université du Luxembourg

A chapter in Blockchain and Distributed Ledger Technology Use Cases, 2020, pp 95-111 from Springer

Abstract: Abstract The international fiscal system is made by multiple entities that are struggling to establish sound mechanisms for co-operation. Policy initiatives are currently aiming at strengthening the information sharing of financial information for tax purposes across jurisdictions. In this work, I outline the legal landscape for the exchange of information and establish four desirable principles to which information exchange should adhere. Then, I argue that distributed ledger technology appears well-suited to address some of the challenges related to the exchange of financial information. I explore possible designs and lay the foundation for future discussion.

Keywords: International taxation; Information exchange; Common reporting schema; XML; Distributed ledgers; DLT; SDR (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prochp:978-3-030-44337-5_5

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DOI: 10.1007/978-3-030-44337-5_5

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