The HMRC in the UK has claimed that it "seized" Non-Fungible Tokens (NFTs) as part of a tax evasion and fraud case, amounting to $1.9 million, making this the first-ever crypto-asset seizure.
Tax evasion RSS
After the IRS won a landmark case against one of the world's largest cryptocurrency platforms, the UK Treasury, in line with plans being implemented across the EU, aims to regulate these currencies.
An investigation into Apple Italia tax payments have resulted in the Italian subsidiary being fined €318 million for tax fraud, over a five year period from 2008 to 2013.
Microsoft and Nokia are expected to announce the completion of Microsoft's acquisition of Nokia's devices division within 20 days even though Nokia India continues to face a tax dispute.
Eight British Members of Parliament have called on UK shoppers to boycott Amazon, calling the company's tax avoidance policies "morally wrong" and a threat to other businesses and jobs.
