Variant Fund’s Chief Legal Officer Jake Chervinsky is positive that there may be a looming lawsuit with the Internal Revenue Service (IRS) as the potential defendant. This big expose comes as the agency believes that many crypto holders are currently evading tax.
US IRS Maintains Surveillance To Enforce Tax Compliance
Chervinsky pointed out that the IRS is quick to turn to financial surveillance as a means to control crypto tax evasion.
He believes that the tax agency is oblivious to the fact that traders and crypto investors could leverage some technologies that support the use of peer-to-peer transactions. Leveraging such platforms means that traders can do without an intermediary that reports or requires a Know-Your-Customer (KYC) process.
They think people are evading taxes and the only way they know to address that concern is through financial surveillance, and they don’t accept the idea that there’s technology allowing people to engage in peer-to-peer transactions without a
We współpracy z: https://coingape.com/crypto-tax-variant-fund-clo-teases-lawsuit-with-irs-as-defendant/
