Policy
US Treasury Unveils New Reporting Rules to Fight Crypto Tax Evasion
US Treasury and IRS proposed new reporting rules to reduce tax evasion in the digital assets sector.
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ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
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The IRS asked Microsoft to pay nearly $29 billion in back taxes, concerning the company's liabilities between 2004 and 2013.
US Treasury and IRS proposed new reporting rules to reduce tax evasion in the digital assets sector.
IRS is looking into crypto cases. However, the recent hiring spree could be largely unrelated to agency's ability to track crypto transactions.
South Korea confiscated more than $184 million of crypto funds in 2021 and 2022 from 'tax dodgers', according to local media reports.
MicroStrategy is also facing a lawsuit for allegedly assisting Saylor’s tax evasion.
India's government goes after crypto exchanges for tax evasion, after passing a flat 30% tax rate for individuals.