2min chapter

The Accounting Podcast cover image

Accounting Firm FreshBooks Becomes A Unicorn

The Accounting Podcast

CHAPTER

Is the Informational Reporting Provision a Good Thing?

This is one of the ways that they're going to raise the money for the intestructure bill. It's estimated that this provision, this informational reporting provision, could raise 28 billion dollars over a decade. 20 eiht billion dollars, because a lot of people are evading their taxes with crypto. Since there's very little informationa reporting that goes to the governmentin they don't know about it. How do they know to autit? You? So treasury is trying to quell fears about this, saying, oh, we're not going to regulate miners. We're notGoing to regulate soffer developers. This way, this is really just for brokers. Do you really believe

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