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.
Efforts by the South African Revenue Service (SARS) to guarantee that all crypto assets owned by South Africans are correctly recorded for tax reasons are intensifying. Given an estimated 5.8 million
A wealth tax is an effective way of raising much-needed revenue without imposing additional tax burdens on middle and low-income groups, says an alliance of Asian activist groups calling for the tax
Group of Seven countries are at odds over how to tax the world’s richest individuals as finance officials prepare for a meeting in Stresa, Italy. An early draft communique contained language on
Backtracking on his own words, US President Joseph Biden Sunday announced he had pardoned his son Hunter on two criminal charges, claiming they were politically motivated. “No reasonable person looking