It is alleged that the US Internal Revenue Service is considering requiring technology giants to announce user encryption activities.

It is alleged that the US Internal Revenue Service is considering requiring technology giants to announce user encryption activities.

Translator: Play the coin family ElaineHu

According to a report provided by a Twitter user on July 9, the US Internal Revenue Service (IRS) is considering asking technology giants to report users' encryption activities.

Based on shared documents, the IRS hopes to use the Grand Jury to summon companies such as Apple, Google, and Microsoft to check the taxpayer's history of downloading encryption-related applications.

Laura Walter is a certified public accountant and tax specialist in the field of encryption. She posted the report on Twitter. The report is said to have been prepared for agents of the US Internal Revenue Service (IRS) criminal investigation department.

Walter cited this document and concluded that the US tax authorities are conducting a thorough investigation into criminal tax evasion cases involving cryptocurrency transactions. Therefore, the expert pointed out that the US Internal Revenue Service is considering interviews, open source and social media search, and electronic monitoring and other related measures.

Surprisingly, this 181-page document states:

"The jury tried to issue subpoenas to Apple, Google and Microsoft to get a complete application download history for users of these tech giants. The functionality of each application should be studied to determine if the application can be transferred or otherwise Allow bitcoin transactions".

As Walter emphasized, the report envisages that IRS agents should ensure that taxpayers are not informed of the information they receive about using cryptocurrencies to avoid adversely affecting the investigation.

Cointelegraph pointed out that the US Internal Revenue Service has not confirmed the authenticity of the source of this report.

Based on the documents provided, the IRS would like to issue a subpoena to check the data on the bank and the Paypal account to determine if it is related to the encrypted transaction. In addition, tax authorities are considering reviewing social media giants such as Facebook and Twitter to discover and record publicly available cryptographic currency addresses.

The password tax collector wrote in the summary post:

“There is a lot of other information about encryption, such as tracking transactions through blockchains, blockchain restrictions, etc., but what you need to know is that the IRS is working hard to identify criminal tax cases involving cryptocurrencies.”

As previously reported, the US Internal Revenue Service currently considers cryptocurrencies to be property. At the end of 2018, an advisory committee of the US Internal Revenue Service (IRS) stated that it intended to provide additional guidelines for taxation of encrypted transactions.

Recently, Cointelegraph reported that Singapore plans to waive the Goods and Services Tax (GST) for cryptocurrencies as a trading medium.

Currency search: Bitcoin search engine www.btcsearch.com