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Yet virtual currencies raise obvious tax compliance problems.
If Greece had anywhere near normal tax compliance, its deficit problems would be far more manageable.
Tax experts believe that large retail sales taxes lead to compliance problems, which we can avoid by collecting the same tax along the chain of production.
According to the Committee's mandate - which was adopted during the last plenary session - its work will include examining "national schemes providing tax privileges", VAT fraud and the problems of ensuring tax compliance in the digital economy.
Nor will it end our medical problems, legal disputes or need for tax compliance.
These numbers show "we have a compliance problem," said Tom Hull, national director of specialty taxes for the I.R.S.
"Taxpayers who need help are not getting it, and tax compliance is likely to suffer over the longer term if these problems are not quickly and decisively addressed," Olson said.
Rosanne Altshuler, codirector of the Urban-Brookings Tax Policy Center, worries that all the tax gotchas could "erode confidence in the system, and that could lead to a bigger compliance problem".
U.S. taxpayers who are not in tax compliance arising from virtual currency transactions involving Coinbase have an extremely short window to avoid serious tax problems.
Keywords: Tax Compliance; Taxpayers Rating; Tax Administration.
What happens to tax compliance?
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