The taxation of cryptocurrencies raises questions among traders and investors, as well as among the tax authorities themselves.
After former tax official Werner Hoffmann realized it wasn’t that easy to pay taxes on his crypto transactions, he quickly founded Pekuna, a tax-focused blockchain analytics company.
Crypto tax evasion is not a good idea
Hoffmann now advises wealthy and institutional clients on their crypto tax issues. Even if he admits that the tax authorities are still struggling with the matter, he warns against crypto tax evasion. Sooner or later, most tax evaders are likely to be caught. He talks about this and more with BTC-ECHO Editor-in-Chief Sven Wagenknecht in the current expert podcast.