Proposed crypto tax rules draw ire from industry groups ...Middle East

The Hill - Technology
Proposed crypto tax rules draw ire from industry groups
source : The Hill ( Middle East ) () 22
New rules proposed by the Biden administration on Friday would require cryptocurrency brokers to report information on digital asset sales and exchanges to the Internal Revenue Service (IRS) and taxpayers. The proposal comes as Congress and regulatory agencies try to crack down on crypto tax evasion and simplify filing for taxpayers. "This is part of a broader effort at Treasury to close the tax gap, address the tax evasion risks posed by digital assets, and help ensure that everyone plays by the same set of rules," the Treasury Department said in a statement. A provision in the 2021 Infrastructure Investment and Jobs Act required additional tax reporting requirements for digita

Hence then, the article about proposed crypto tax rules draw ire from industry groups was published today ( ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Proposed crypto tax rules draw ire from industry groups )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Technology


Latest News

What we've been playing - "It's like Supermarket Sweep if you can get up quick enough"

before 3 hours & 14 minute

FBI: Russia targeting 'high intelligence value' Americans on Signal

before 9 hours & 19 minute

Jury finds Elon Musk liable for misleading investors during Twitter purchase

before 13 hour & 17 minute

Three charged in alleged plot to export AI chips to China

before 17 hour & 13 minute

More Subnautica 2 legal trouble brewing amid claims Krafton "intentionally leaked" May release without consulting reinstated CEO

before 17 hour & 54 minute

Netflix's Assassin's Creed adaption will tell an original story, set over 1,400 years before the series' other trip to Italy, Assassin's Creed 2

before 18 hour & 11 minute

More! More! More! Tech Workers Max Out Their A.I. Use.

before 18 hour & 31 minute

Marathon's ultra challenging raid-like Cryo Archive map releases in only a few hours, here's what you need to know

before 19 hour & 16 minute

Crimson Desert developers "doing our utmost" to respond to its various launch issues, as game still passes huge one-day sales milestone

before 19 hour & 31 minute

Psychonauts and Keeper developer's Game Pass party game Kiln gets a release date, and it's coming really very soon

before 19 hour & 43 minute

Polymarket Says It Deals in Truth, but Its Social Feeds Are Filled With Falsehoods

before 19 hour & 44 minute

Blocked Intel graphics cards, failed Xbox App booting, and 120GB patches hit Crimson Desert as launch woes continue

before 20 hour & 42 minute

The upcoming Minecraft Movie sequel has found its Alex in Spider-Man and Fargo actress

before 20 hour & 58 minute

White House unveils AI policy wishlist for Congress

before 21 hour & 7 minute

Walmart’s AI move could lead to surge pricing — shoppers and experts are outraged: ‘This isn’t innovative, it’s exploitative’

before 21 hour & 12 minute