Government’s naive approach to taxation

Cryptocurrency, Taxes–Earlier today EWN reported on a development by several different countries, including Japan, to impose more severe regulations and protocols for catching so-called “cryptocurrency tax evaders.” However, the approach of vilifying the group of investors, particularly in the broader context of this year’s market and the state of crypto regulatory oversight–or lack thereof–is sending the wrong message and will ultimately backfire for the bureaucracies that enact them. For one, crypto taxation is unnecessarily complexWhile traditional media outlets have had a proverbial field day publishing the abysmal rates of cryptocurrency customers actually paying taxes.

1 Comment

  • Granger
    Posted December 6, 2018 6:44 am 0Likes

    every economist to know that a move to cut tax will in no way enhance economic growth.!!

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