Brazilian Tax Authority Reports Bitcoin Irregularities in Over 25,000 Statements

[sirty143]

Brazilian Tax Authority Reports Bitcoin Irregularities in Over 25,000 Statements

The Brazilian tax authority has reported identifying cryptocurrency irregularities in more than 25,000 tax statements. After a country-wide investigation, the institution detected that 25,126 individuals who possessed at least 0.05 BTC failed... See more for yourself here.

Your opinion is greatly appreciated.

[philipma1957]

I have a college degree in USA accounting. I have done many returns .

This seems like a ten percent failure to report btc.

25,000 out of 237,000  or

25,000 hid at least 0.05 btc

and

237,000 reported at least 0.05 btc.

this is about 2500 usd. worth of btc or maybe any coin not that clear.

I do not find a ten percent fail rate crazy bad for usa 🇺🇸, but I have no idea how bad that would be for Brazil 🇧🇷.