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Two members of the US Congress raised the issue regarding the tax gap in the cryptocurrency industry. - 2
The duo wrote a letter to the treasury secretary and IRS commissioner. - 3
The duo demands to eradicate the tax gap and bring cryptocurrency also under the tax regime.
Daniel Warfel wrote to the Treasury Secretary and the IRS Commissioner demanding the crypto industry be taxed.
Crypto a Way to Avail Tax Exemption
The head of treasury and internal revenue service received a letter from the two members of the United States Congress. The letter states the need for tax regulations …
Source: https://www.thecoinrepublic.com/2023/06/06/a-letter-to-the-treasury-demanding-tax-regulation-for-crypto/