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Twitter CEO Suggests Simplifying Crypto Tax Reporting Provisions in the Infrastructure Bill
Summary: Twitter CEO Jack Dorsey tweeted today that forcing reporting rules on Americans who develop software and hardware, who mine and secure the network, or who run nodes to build resilience and efficiencies, is an impossible ask that will only drive development and operation of this critical technology outside the US.deliberation, then let’s simplify the definition ...
Twitter CEO Jack Dorsey tweeted today that forcing reporting rules on Americans who develop software and hardware, who mine and secure the network, or who run nodes to build resilience and efficiencies, is an impossible ask that will only drive development and operation of this critical technology outside the US.deliberation, then let’s simplify the definition of broker to what really matters: where digital assets are exchanged for fiat currency.
If you feel this doesn’t go far enough, I’d argue that this at least gets you to 90% of goal. For the remaining 10% of edge cases, let’s make a proper well-informed law through committee hearings with witnesses on both sides of the debate.
By Amy Liu
Tags: Crypto,Infrastructure Bill,Jack Dorsey
Link: Twitter CEO Suggests Simplifying Crypto Tax Reporting Provisions in the Infrastructure Bill [Copy]
