The IMF is trying to shaft regular people once again. They explore how to extract maximum amounts of taxes from traders, even when markets falls drastically. These includes tax on each transaction & on minted coins. They also say it is "troubling" that "p

No surprises here from the IMF. This time there release a document exploring ways to extract maximum amounts of taxes from traders. From instance, they are considering the classification of crypto as gambling which, if used effectively, can allow them to retain more funds from traders as gambling is treated differently(and in most cases less favourably) compared to crypto as capital gains on crypto securities. These would both be better than crypto labelled as commodities which would drastically reduce taxes gained from crypto.

https://preview.redd.it/gb5rwhkxi7ab1.png?802&format=png&auto=webp&s=85fbc051463893a3ae1cb92743236b6e544a4f96

Here they outline how much taxes could have been received from from crypto's peak, compared to after the fall.

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They go on to explore ways of gaining more taxes through applying a VAT tax to newly mined coins.

https://preview.redd.it/io1fhhphl7ab1.png?819&format=png&auto=webp&s=7fb2e870d89730593645ee90041ab2a09c471cb2

Once again, they also propose means of acquiring more taxes by applying a tax to crypto transactions.

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https://preview.redd.it/jfr4fqzop7ab1.png?787&format=png&auto=webp&s=0638ff215a41ccd9abbb559c1120c9aa141063f2

And of course Defi is a target as they have little control over it.

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https://preview.redd.it/d3hhjydlq7ab1.png?829&format=png&auto=webp&s=c3eb04f721b38b9836b5908dfe622c542c5faac1

https://www.imf.org/en/Blogs/Articles/2023/07/05/crypto-poses-significant-tax-problems-and-they-could-get-worse

https://www.imf.org/en/Publications/WP/Issues/2023/06/30/Taxing-Cryptocurrencies-535510?cid=bl-com-WPIEA2023143