#tax
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A federal grand jury has confirmed charges against Frank Richard Ahlgren III, a resident of Texas, for filing false tax returns and engaging in deposit manipulation to avoid tax payments. The unreported income is estimated at around $4 million. 
The Spanish Ministry of Finance is drafting a bill aimed at the confiscation of digital assets to cover outstanding tax liabilities. The new regulations will allow investigators to track users' cryptocurrencies and freeze them for subsequent confiscation at the earliest opportunity. 
In a significant move by U.S. authorities, Rodney Burton, a key promoter of the cryptocurrency venture HyperVerse, has been detained on accusations of conducting a fraud scheme exceeding $7 million. According to the U.S. Tax Service's filings, he masterminded a financial pyramid masquerading as a crypto investment opportunity. 
Ukraine's law enforcement officers are leveling up with cryptocurrency training, thanks to a collaboration between tax authorities from the US, UK, and Netherlands. This initiative aims to boost their skills in handling decentralized assets, detecting illicit transactions, and curbing tax and sanctions evasion. “Knowledge sharing is one of the priorities within these international partnerships and can contribute to greater know-how to counter cybercrime,” said the director general of the Dutch Fiscal Information and Investigation Service. 
Coin Center, a crypto-focused policy nonprofit, has reached out to Congress members, urging for more transparent crypto tax regulations. In a letter to Senate Finance Committee's Ron Wyden and Mike Crapo, Coin Center emphasized the need for guidance on cryptocurrency taxation, especially concerning capital gains. They suggested a threshold for gains below which no tax would be due. Coin Center also stressed the importance of a "de minimis" exemption, without which, every small crypto transaction could become a taxable event. This exemption would simplify the use of cryptocurrencies for daily payments, especially for micropayments. 
The US Internal Revenue Service (IRS) has brought on board two former cryptocurrency company employees as consultants to aid in crafting the definitive tax regulations for digital assets. This move will impact all crypto businesses, including exchanges and brokers, requiring them to report all transactions per client. 
The legal firm MANIMAMA has released a report analyzing cryptocurrency tax systems worldwide, including the EU, Switzerland, the UAE, and more. Notably, the UAE, particularly Dubai, emerges as one of the most favorable locations for crypto trading and earnings, as it imposes no capital gains or income tax. 
Cheongju’s administration has reached out to seven South Korean crypto exchanges, including Upbit and Bithumb, to investigate the holdings of around 8,520 individuals who owe a minimum of 1 million won ($750) in local taxes. After the investigation, authorities in Cheongju aim to seize cryptocurrency assets from such tax evaders. Crypto have increasingly been used for hiding assets in South Korea. Over the span of 2021 and 2022, a total of around $180 million worth of crypto were seized by the South Korean government from individuals who evaded their taxes. 
Crypto miners in the U.S. have initiated the Digital Energy Council to lobby for miner-friendly policies amidst ongoing crypto regulation debates.
The council aims to advocate for sustainable energy development, grid resilience, U.S. competitiveness, and national security.
This move comes as President Joe Biden's administration proposes a 30% excise tax on mining operations, citing societal harms. Additionally, Democratic lawmakers criticize miners for environmental concerns. 
Representing Massachusetts in the U.S. Senate, she's forcefully advocating for immediate steps to plug the gaps in cryptocurrency tax provisions, gaps that are believed to be worth roughly $50 billion.
Warren's argument rests on the Infrastructure Investment Act, which is set to take effect on January 1, 2024. Still, disappointingly, no preliminary guidance has been put forth by the Department of Treasury on this concern.