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International Tax Chiefs Take Aim At Crypto Evasion

The Joint Chiefs of Global Tax Enforcement met virtually to discuss initiatives aimed at combating tax evasion, specifically that associated with fintech and cryptocurrency. So reports Accounting Today.

J5 LogoThe J5, as they are known, features representatives from the U.S., Canada, the U.K, Australia and the Netherlands and includes representation from the IRS Criminal Investigation unit. “Cryptocurrencies such as Bitcoin and Ethereum have become more of a priority in recent years for the IRS and other tax authorities abroad as they seek to uncover information on the quickly growing assets,” according to the article.

Read the full article from Accounting Today.

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