Regulation· ★★★· bearish·

US Treasury and IRS crack down on tax avoidance via pre-planned ETF conversions

  • —Treasury and IRS to target structures violating current tax law
  • —Focus includes pre-planned ETF conversions used to cut tax bills
  • —CoinTelegraph reported the crackdown on September 28
Why it matters: Tighter tax enforcement could affect crypto ETFs and related structures, raising risks for investors and issuers.
Source: Bloomingbit
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