BIDEN ADMIN EYES REVENUE FROM APPLYING TAX REPORTING RULES TO CRYPTO

Posted by on March 28, 2022 10:50 pm
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"U.S. President Joe Biden today submitted his budget proposal for the 2023 fiscal year in conjunction with the U.S. Treasury Department's revenue explanations. By the administration's estimate, the U.S. can gather roughly $11 billion in revenue over 10 years—and nearly $5 billion next year alone—by "moderniz[ing] rules" to apply certain financial accounting and reporting practices to digital assets."

READ MORE: https://decrypt.co/96270/biden-eyes-5-billion-2023-revenue-applying-new-tax-reporting-rules-crypto

 

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