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US Is Debating Risk vs. Liability for New Crypto Tax Rules
News

US Is Debating Risk vs. Liability for New Crypto Tax Rules



U.S. Treasury Department officials are weighing the pros and cons of a risk-based approach to cryptocurrency tax reporting versus a model more focused on tax liabilities.



Top considerations are the trade-offs each model would bring to a still-developing set of crypto tax rules, said Erika Nijenhuis, senior counsel at Treasury’s office of tax policy. Bloomberg Law first reported the comments.

Source: CoinDesk.com

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