Tag: taxes

Puerto Rico investigates tax incentive misuse by high-income individuals.

Faruk Fatih Özer failed to submit the requested documents to the Tax Inspection Board. He denied being Thodex’s official at the time, which prevents him from presenting the requested books.

The U.S. Internal Revenue Service (IRS) is pursuing tax dodgers who abused Puerto Rico’s tax structures, Bloomberg reported on July 12. Puerto Rico has offered significant tax incentives to cryptocurrency…

The committee sought input from the cryptocurrency industry to better understand the tax challenges presented by digital assets.

The International Monetary Fund (IMF) says that global tax systems should be modernized to accommodate crypto assets. In a new blog post, the IMF says the tax system needs updating…

Industry stakeholders seek clarity regarding the implications of taxation and its connection to the recognition of cryptocurrency and associated procedures.

A research paper published by the International Monetary Fund (IMF) warns that tax collection is significantly more challenging with cryptocurrency assets, and current tax systems are not designed to handle…