Tax authorities, meanwhile, are concerned about widespread underreporting. In the financial year ended March 2023, fewer than a quarter of the 645,000 individuals who transacted in crypto actually declared those gains on their tax …
Tag:
Evasion
- Crypto Education
Banking Industry Says Clarity Act Stablecoin Proposal Would Enable ‘Evasion’
by adminby adminIn brief Top banking groups say the new Clarity Act language leaves loopholes regarding stablecoin yield. The compromise would ban direct yield on stablecoins but still allow some rewards tied to account balances. The …
