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Bitcoin.com 2023-07-07 08:30:12

IMF Working Paper Urges Tax System Overhaul to Tackle Crypto’s Tax Collection Challenges

A research paper published by the International Monetary Fund (IMF) warns that tax collection is significantly more challenging with cryptocurrency assets, and current tax systems are not designed to handle them. The IMF’s working paper emphasizes that certain crypto assets may not persist in the future, while others that endure become “fundamental innovations in decentralized

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