Crypto Gets Swept Up in International Tax Evasion Crackdown

2019-6-6 21:30

By CCN: An international tax evasion authority comprising five major global economic powers is taking cryptocurrency seriously. A year ago, five world powers created the Joint Chiefs of Global Tax Enforcement, or J5, with a particular interest in cryptocurrencies.

The J5 Group including tax authorities in the U. S. , U. K. , Canada, Australia, and the Netherlands is at the helm of 50 investigations into global tax evasion. The Sydney Morning Herald reported Thursday that of the 50 lines of inquiry, Australia is directly involved in 12. At least one of the subjects of the Australian Tax Office’s investigation is an unnamed international financial

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2018-7-9 14:59


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IRS Launches International Crypto Tax Enforcement Coalition

The US Internal Revenue Service has launched an international joint task force focusing on cryptocurrencies in order to investigate crypto-related tax evasion and money laundering. Announced on Monday, the Joint Chiefs of Global Tax Enforcement (J5) will see tax enforcement agencies form the US, UK, Australia, Canada, and the Netherlands in join forces in order […] The post IRS Launches International Crypto Tax Enforcement Coalition appeared first on CryptoSlate.

2018-7-5 19:00