Global Tax Enforcement Is Coming For Crypto Exchanges
By Carlos Ortiz, Mayling Blanco, Robert Morris, Megan Linares and Devlin Healey (March 19, 2020, 5:31 PM EDT) -- The landscape is rapidly changing for those with ties to cryptocurrency. One just needs to peruse the daily tax press to read about the increasingly stiff penalties and potential criminal exposure for those operating in this industry. Despite crypto's useful and legitimate applications, tax authorities globally remain on the lookout for potentially abusive and criminal activities.
Unfortunately, some institutions and individuals with the best intentions may get painted as nefarious by this broad brush. Therefore, it is imperative that institutions involved with crypto stay current with their tax obligations and abreast of tax enforcement efforts. This article highlights three recent developments...
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