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Thursday, June 6, 2019

Crypto Gets Swept Up in International Tax Evasion Crackdown

By: Wes Messamore
CCN

Photo: Marco Verch via Flickr

An international tax evasion authority comprising five major global economic powers is taking cryptocurrency seriously.

A year ago, five world powers created the Joint Chiefs of Global Tax Enforcement, or J5, with a particular interest in cryptocurrencies. The J5 Group including tax authorities in the U.S., U.K., Canada, Australia, and the Netherlands is at the helm of 50 investigations into global tax evasion.

Read more at CCN.