FTX Clashes with US Tax Authorities Over ‘Enormous’ $24B Tax Demand

The Internal Revenue Service (IRS) in the United States has put forth a tax bill of $24 billion against the bankrupt cryptocurrency exchange, FTX. FTX, in response, has contested the proposed amount, arguing that it is “enormous” and lacks substantiation. The exchange claims that the IRS’s assertions lack merit and a valid basis. FTX, currently […] source: https://coinedition.com/ftx-clashes-with-us-tax-authorities-over-enormous-24b-tax-demand/