Category: evasion
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Early Bitcoin Investor Sentenced to Prison for Tax Evasion on $3.7 Million BTC Sale
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Follow Nicholas on ? here for daily posts An Austin, Texas, man, Frank Richard Algren III, has been sentenced to two years in prison for filing false tax returns that did not report capital gains from the sale of $3.7 million worth of Bitcoin, the US Department of Justice (DOJ)…
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Taiwan Pledges To Address Crypto Tax Evasion Within 3 Months
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Amid the market bullish trend, Taiwanese financial authorities have pledged to review tax regulations to address the country’s cryptocurrency tax evasion problem. However, local reports have indicated that regulators may face difficulties in implementing an effective tax framework related to digital assets. Taiwanese authorities are reviewing tax laws On Monday,…
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Taiwan Pledges To Address Crypto Tax Evasion Within 3 Months
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Amid the market bullish trend, Taiwanese financial authorities have pledged to review tax regulations to address the country’s cryptocurrency tax evasion problem. However, local reports have indicated that regulators may face difficulties in implementing an effective tax framework related to digital assets. Taiwanese authorities are reviewing tax laws On Monday,…
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Crypto tax evasion lands Ukrainian blogger in $5m trouble
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Ukrainian financial investigators have charged a local blogger with evading $5 million in taxes through cryptocurrency transactions linked to online affiliate marketing. Ukraine’s Bureau of Economic Security has accused a prominent local blogger of evading more than $5 million in taxes through a sophisticated scheme involving cryptocurrency transactions, according to…
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Crypto tax evasion lands Ukrainian blogger in $5m trouble
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Ukrainian financial investigators have charged a local blogger with evading $5 million in taxes through cryptocurrency transactions linked to online affiliate marketing. Ukraine’s Bureau of Economic Security has accused a prominent local blogger of evading more than $5 million in taxes through a sophisticated scheme involving cryptocurrency transactions, according to…
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KRA pursues directors, traders in Sh67m tax evasion scheme
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Twenty suspects, including directors of five companies, face various tax fraud charges, including a missing tax evasion scheme. The Kenya Revenue Authority (KRA) said its investigations revealed that 15 individuals and five companies committed various tax evasion offenses with a total tax implication of Sh66.7 million. In a missing merchant…
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Malaysia’s “Ops Token” Crackdown: Uncovering Crypto Tax Evasion
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In an important step to combat tax evasion in the fast-growing cryptocurrency sector, the Inland Revenue Board (IRB) of Malaysia, in collaboration with the Royal Malaysian Police and CyberSecurity Malaysia (CSM), has… A special operation was launched It has the code name “Ops Token”. This coordinated effort aims to detect…
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Nigeria Drops Tax Evasion Charges Against Binance Executives
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Events in the Nigeria-Binance saga continue to unfold. This time, the country dropped tax charges against the stock exchange executives. according to tweet By Nigerian journalist Alexander Onukwe Nigeria’s Federal Inland Revenue Service (FIRS) has withdrawn tax evasion charges against Tigran Gambaryan, Head of Financial Crimes Compliance at Binance, and…
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Binance Leaders Off the Hook in Nigeria Tax Evasion Case after Legal Shuffle
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Today (Friday), Nigeria dropped tax evasion charges against two Binance executives after a local representative was appointed by the cryptocurrency exchange to handle the legal proceedings. Tigran Gambaryan, a US citizen and head of financial crimes compliance, and Nadeem Angarwala, the British-Kenyan regional director for Africa, have denied the accusations.…
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Nigerian Court Clears Binance Executive for Trial in Tax Evasion Case
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A Nigerian court ruling today (Friday) has paved the way for Binance CEO Tigran Gambaryan to stand trial on behalf of the cryptocurrency exchange in the ongoing tax evasion case. Along with Gambarian, a US citizen and head of financial crimes compliance, British-Kenyan national Nadeem Angarwala, regional director for Africa,…