White House Wants Americans to Report, Pay Taxes on Foreign Crypto Accounts
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最新报道：The White House has proposed new tax reporting rules requiring U.S. citizens to disclose foreign cryptocurrency accounts exceeding $50,000. The plan, part of President Biden's 2025 budget, aims to curb tax evasion by closing loopholes in offshore crypto holdings. Treasury Secretary Janet Yellen stated the measures would generate $10 billion in revenue over a decade. Critics argue the rules could burden compliant taxpayers while failing to stop sophisticated evasion tactics. The proposal follows recent IRS guidance treating crypto similarly to traditional financial assets for tax purposes.
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