PANews reported on June 9th that, according to Eleanor Terrett, Republicans on the House Ways and Means Committee released six separate bills and a discussion draft ahead of today's crypto tax hearing. These bills focus on crypto donations, mining and staking taxes, reporting requirements, tax treatment consistency, voluntary disclosure, and applying existing anti-tax avoidance rules to the digital asset space. The discussion draft addresses offshore crypto tax avoidance arrangements. Hearing witnesses include Sarah Reilly, Vice President and Senior Tax Advisor at Fidelity; Lawrence Zlatkin, Vice President of Tax at Coinbase; Jason Somensatto, Director of Policy at Coin Center; and Mike Kaercher, Associate Director of the Tax Law Center at NYU School of Law.
Republicans on the House Tax Committee unveil six draft crypto tax bills.
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