in a court presentation held on December 3 Roger Seewidely recognized as “Bitcoin Jesus”, has asked a US court to dismiss tax evasion charges brought by US prosecutors.
Ver maintains that the case, which arises from accusations of tax evasion during the sale of Bitcoin worth millions of dollars,violates constitutional principles.
He brought his case before a federal judge in California, challenging the constitutionality of the Internal Revenue Service’s (IRS) “exit tax.”
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The exit tax imposed by the IRS ensures that U.S. citizens settle unpaid taxes before renouncing their citizenship and leaving the country’s tax responsibilities behind. See, however, maintains that He faced challenges in navigating this complex process, especially due to the lack of liquid markets for Bitcoin.
btc
$96,497.73
At the moment.
Ver’s legal team stated that the The IRS tax violated both the Apportionment Clause and the Due Process Clause of the U.S. Constitution..
The United States Attorney’s Office announced Ver had been arrested in Spain on April 30, accused of fraud and tax evasion.
The alleged tax fraud arises from transactions that Ver allegedly completed while renouncing his U.S. citizenship in favor of Japanese nationality in 2014. Additionally, prosecutors allege that Ver evaded more than $48 million in taxes by failing to report capital gains on the sale of 240 million dollars in Bitcoin.
Despite Ver’s defense, the US government maintains that he filed a fraudulent exit tax return and insists that his renunciation of citizenship was part of an effort to evade taxes.
If convicted on all charges, Ver could faces up to 30 years in federal prison.
As Ver continues to challenge the US government’s tax claims, cryptocurrency magnate Alex Mashinsky pleaded guilty to charges related to misleading investors and selling CEL tokens. How did your attempt end? Read the full story.
Having completed a master’s degree in Economics, Politics and Cultures of the East Asian region, Aaron has written scientific articles analyzing the differences between Western and collective forms of capitalism in the post-World War II era.
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