Comment: US Treasury proposals to increase enforcement using enhanced cryptocurrency information reporting

On May 20, 2021, the U.S. Treasury Department released “The American Families Plan Tax Compliance Agenda,” a report detailing the Biden administration’s legislative proposals to raise $700 billion in additional tax revenue over the next decade through Internal Revenue Service (“IRS”) enforcement-related efforts (the “Treasury Plan”).

Global Digital Finance, together with its community of industry expert members, is driving the acceleration and adoption of digital finance to support the next era of digital commerce.

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