Democratic Senator launches the investigation of Dan Moraid from Pantira Capital due to possible tax violations: Report
According to the Democrats, Democrats on the American Senate Finance Committee sent a letter informing the founder of Pantiera Capital Dan Marisid that the encryption investor is facing a tax investigation.
New York Times Reports In a message, Senator Ron Widan is asking Morehad to provide detailed information about the profit of a major investment he made after moving to Puerto Rico in 2020.
According to Wydeen, the Finance Committee in tax compliance is achieved by Americans who moved to Puerto Rico to take advantage of special tax exemptions that can reduce the population tax to zero.
The investigation focuses on people who have abused the tax exemption to avoid paying taxes on the acquired income outside the region.
Read the message reviewed by the New York Times,
“In most cases, the majority of the gain is in fact the income of the American source, and it can be reported on US tax declarations, and is subject to the US tax.”
After morehead moved to Puerto Rico, Pantera Capital, one of the largest investment companies that focus on the cryptocurrency, sold a “big site” and exceeded more than a billion dollars of capital gains. Widan A message says that Morehead “may deal” on his share of more than $ 850 million in gains as US tax free.
Morehead also requires information about transactions, including the name of his tax advisors, as well as the list of cryptocurrencies and other assets he sold while living in Puerto Rico.
Panthera’s administrative partner says he does not violate US federal tax laws.
“I think I acted appropriately with regard to my tax.”
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