IRS investigating crypto merchants utilizing Puerto Rico tax breaks: Report

Prosecutors from the US and brokers from the Inside Income Service (IRS) are reportedly investigating rich crypto merchants and fund managers suspected of illegally benefiting from Puerto Rico’s tax breaks.

Based on a June 12 report from Bloomberg, investigators are at present constructing civil and prison circumstances towards various hedge fund managers, crypto merchants and different rich Individuals who could have lied concerning the nature of their residency and key components of their earnings as a way to take unfair benefit of the tax breaks.

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