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The Proposed Infrastructure Bill Cannot Solve the Problem of Tax Evasion Using Cryptocurrency, Says Chairman of the Senate Finance Committee
Summary: Ron Wyden, chairman of the Senate Finance Committee, tweeted Sunday that "Americans avoiding paying the taxes they owe through cryptocurrency is a real problem that deserves a real solution." He criticized draft language related to crypto tax reporting requirements in a still-in-the-making infrastructure package. The bill, according to the White House, aims to raise tax ...
Ron Wyden, chairman of the Senate Finance Committee, tweeted Sunday that "Americans avoiding paying the taxes they owe through cryptocurrency is a real problem that deserves a real solution."
He criticized draft language related to crypto tax reporting requirements in a still-in-the-making infrastructure package.
The bill, according to the White House, aims to raise tax compliance by crypto companies by widening the definition of a "broker." Critics of the measure say the provision as written is far too broad.
By Amy Liu
Tags: Cryptocurrency,Infrastructure Bill,Ron Wyden,tax evasion
Link: The Proposed Infrastructure Bill Cannot Solve the Problem of Tax Evasion Using Cryptocurrency, Says Chairman of the Senate Finance Committee [Copy]
