As the Use of Virtual Currencies in Taxable Transactions Becomes More Common,Additional Actions Are Needed to Ensure Taxpayer Compliance
This report presents the results of our review to evaluate the Internal Revenue Serviceâs (IRS) strategy for addressing income produced through virtual currencies. This review is included in our Fiscal Year 2016 Annual Audit Plan and addresses the major management challenge of Tax Compliance Initiatives.
US Financial Stability Oversight Council acknowledges Bitcoin in their 2016 Annual Report
One of the most powerful finance councils in the U.S. government met on Tuesday, where they approved and released their 2016 annual report that highlights threats against the U.S. financial system.
Challenges for Australia’s Tax System
This report sets out the major challenges that confront the Australian tax system.