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IRS to summon users who don’t report and pay tax

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IRS to summon individuals that do not report as well as pay tax obligation on crypto transactions 

Photo Credit:   gsa.gov

The summons needs M.Y. Safra Bank to send information concerning taxpayers that failed to report and pay their taxes on crypto 

Photo Credit:   thecoin.news

According to the announcement, the IRS is particularly looking at users of the crypto exchange SFOX 

Photo Credit:   gsa.gov

According to Williams, the government will certainly utilize all of its tools to determine taxpayers and make sure that everyone pays their tax obligations 

Photo Credit:   gsa.gov

Belgium ranked on top for its 33% tax obligation on capital gains as well as withholding 50% from earnings on trades. 

Photo Credit:   gsa.gov

Runner-ups consist of Iceland, Israel, the Philippines and also Japan 

Photo Credit:   gsa.gov

On Sept. 6, the Australian government consulted the public in regards to a brand-new regulation that excludes crypto from being considered as foreign currency when it concerns tax 

Photo Credit:   gsa.gov

Everything You Wanted to Know about Cryptocurrency, Before Invest

Everything You Wanted to Know about Cryptocurrency, Before Invest

Photo Credit:   gsa.gov

References:- 1. cointelegraph.com 2. thecoin.news  3. gsa.gov 

References:- 1. cointelegraph.com 2. thecoin.news  3. gsa.gov 

Photo Credit:   gsa.gov