TaxEvasion
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Morning News Update #Web3
💼 Multiple potential SOL ETF issuers have filed updated S-1 forms.
🔍 Indian officials say the tax department is investigating cryptocurrency tax evasion.
📈 JPMorgan raises price targets for several Bitcoin mining companies.
🌍 Israel to shut down its embassies and consulates worldwide.
🚫 Tencent denies considering an acquisition of Nexon.
#CryptoNews #SOL #BitcoinMining #TaxEvasion
💼 Multiple potential SOL ETF issuers have filed updated S-1 forms.
🔍 Indian officials say the tax department is investigating cryptocurrency tax evasion.
📈 JPMorgan raises price targets for several Bitcoin mining companies.
🌍 Israel to shut down its embassies and consulates worldwide.
🚫 Tencent denies considering an acquisition of Nexon.
#CryptoNews #SOL #BitcoinMining #TaxEvasion
Big Tech’s $278B Tax Scandal? Apple, Meta, Netflix & Others Accused! 🚨💰
A shocking new report from the Fair Tax Foundation accuses tech giants—Apple, Meta, Netflix, Amazon, Microsoft, and Alphabet—of dodging $278 billion in U.S. taxes over 10 years.
The “Silicon Six” allegedly used aggressive tactics like profit-shifting and tax loopholes, paying just 16.1% on average, far below the norm. Netflix led with the lowest effective rate at 14.7%.
Amazon, Meta, and Netflix deny wrongdoing, claiming compliance. The report reignites global calls for fair corporate taxation as the OECD’s 15% minimum tax nears. Will reforms finally rein in Big Tech’s tax tactics?
#BigTech #TaxEvasion #Apple #meta #Netflix
A shocking new report from the Fair Tax Foundation accuses tech giants—Apple, Meta, Netflix, Amazon, Microsoft, and Alphabet—of dodging $278 billion in U.S. taxes over 10 years.
The “Silicon Six” allegedly used aggressive tactics like profit-shifting and tax loopholes, paying just 16.1% on average, far below the norm. Netflix led with the lowest effective rate at 14.7%.
Amazon, Meta, and Netflix deny wrongdoing, claiming compliance. The report reignites global calls for fair corporate taxation as the OECD’s 15% minimum tax nears. Will reforms finally rein in Big Tech’s tax tactics?
#BigTech #TaxEvasion #Apple #meta #Netflix
🚨 EARLY BITCOIN INVESTOR FACES JAIL TIME! 🚨
Frank Richard Ahlgren III, a Texas-based early Bitcoin investor, has pleaded guilty to tax evasion!
He sold 640 BTC for $3.7 million in 2017 but falsified his tax return to avoid paying capital gains tax.
He also failed to report an additional $650,000 in Bitcoin sales from 2018 and 2019.
His actions resulted in over $550,000 in tax losses for the IRS.
Now, he faces up to three years in prison, supervised release, restitution, and financial penalties!
If only he had reported his gains... 640 BTC is now worth a staggering $38,384,064!
A costly mistake that could have been avoided!
#bitcoin☀️ #taxevasion #CryptocurrencyTravel
He sold 640 BTC for $3.7 million in 2017 but falsified his tax return to avoid paying capital gains tax.
He also failed to report an additional $650,000 in Bitcoin sales from 2018 and 2019.
His actions resulted in over $550,000 in tax losses for the IRS.
Now, he faces up to three years in prison, supervised release, restitution, and financial penalties!
If only he had reported his gains... 640 BTC is now worth a staggering $38,384,064!
A costly mistake that could have been avoided!
#bitcoin☀️ #taxevasion #CryptocurrencyTravel
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