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How much of the tax evasion would disappear if we could pay taxes on crypto in crypto? The fact that the regulators scare banks away from allowing transfers to/
by surfingdino 2y ago
How much of the tax evasion would disappear if we could pay taxes on crypto in crypto? The fact that the regulators scare banks away from allowing transfers to/from crypto exchanges whilst the IRS and HMRC demand taxes to be paid in USD or GBP makes the space prone to non-compliance and stifles innovation. So, either support legitimate crypto businesses and exchanges or let me pay tax on my meme coin gains in meme coin.
- sddsdd 2y agoPrivileging USD for tax payments is a big part of why USD has value. There is zero upside to the US to allow payments in anything else.