Thursday, October 28, 2021
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The ‘Holding Billionaires Accountable’ Lie — Media, Big Tech Fact Checkers Mischaracterize Angst Toward Biden’s Tax Proposal – Taxes Bitcoin News

U.S. citizens and financial institutions are concerned about the Biden administration’s goals to get banks to report to the Internal Revenue Service (IRS) aggregate inflows from a customer’s bank account annually that exceed $600. Mainstream media is reporting and Big Tech’s swarm of fact-checkers have said that some lawmakers are

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Crypto Firm Owners Plead Guilty to Tax Evasion, Face up to 5 Years in Prison – Bitcoin News

The owners of a cryptocurrency firm that raised approximately $24 million from more than 13,000 investors have pleaded guilty to tax evasion. “These crypto-savvy defendants exploited an emerging technology, lying to their investors, pocketing the proceeds, and concealing the income from the IRS,” said acting U.S. Attorney Chad Meacham. Crypto Firm’s

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South Korean opposition set to tackle controversial crypto tax law

Lawmakers belonging to South Korea’s opposition People Power Party have prepared a fresh challenge to the planned crypto tax law.According to The Korea Herald, opposition lawmakers are advocating for a one-year extension to the start of crypto taxation in the country.As previously reported by Cointelegraph, South Korea’s crypto tax regime

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This Overlooked Crypto Tax Provision Would Be a Disaster

This episode is sponsored by NYDIG.Download this episodeOn this edition of “The Breakdown’s Weekly Recap,” NLW looks at:Hidden crypto tax provision 6050IChilling language from British lawmakers around using CBDCs to control citizens’ spendingThe Compound political gaffeSee also: Compound Founder Says $80M Bug Presents ‘Moral Dilemma’ for DeFi Users“The Breakdown” is

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