CRYPTO: Crypto Pioneer Roger Ver (Bitcoin Jesus) Faces $48M Tax Showdown with the IRS

Roger Ver, famously known as “Bitcoin Jesus,” is locked in a $48 million tax dispute with the IRS. The accusations stem from alleged tax evasion after Ver renounced his U.S. citizenship. In December 2024, his legal team requested the dismissal of the charges, arguing that unclear tax rules and improper prosecution were at play. The court is set to review the case in February 2025.

This high-stakes battle sheds light on the growing challenges of crypto taxation. With tighter international tax rules and advanced blockchain tracking, offshore tax evasion is increasingly difficult, raising concerns for crypto investors worldwide.

 

11 September 2024

IRELAND: Apple Must Pay $14.4 Billion to Ireland in Crackdown on ‘Sweetheart Deals’

Apple has been ordered to pay €13 billion ($14.4 billion) of back taxes to the Irish state, in a court ruling that ended a decade-long fight between Europe and the big tech company. In a judgment

Read More
21 February 2025

CAYMAN ISLANDS: Changes made as beneficial ownership regime reworked

Premier Juliana O’Connor-Connolly presented changes to beneficial ownership legislation to parliament when it met for the last time before the elections. While the Beneficial Ownership Transparency

Read More
13 August 2024

WEALTH TAX: Plan to tax super-rich divides at G20 meet in Rio

Brazil’s vision for a global deal to tax the ultra-rich sparked divisions Thursday at a meeting of G20 finance ministers in Rio de Janeiro, where Washington dismissed the need for an international

Read More
7 March 2025

CAREY OLSEN: Carey Olsen shortlisted for Offshore Law Firm of the Year at Chambers Europe Awards 2025

Press Release from Carey Olsen, Friday 7 March, 2025. Carey Olsen has been shortlisted for Offshore Law Firm of the Year at the Chambers Europe Awards 2025, having won the award in 2023 and 2022. The

Read More