Roger Ver challenges IRS exit tax on renounced US citizens with assets over $2 million.

From Cointelegraph

December 3, 2024 9:35 PM:

Roger Ver, a prominent figure in the cryptocurrency community, criticized the IRS for its exit tax targeting renounced US citizens with assets over $2 million, calling it unconstitutional and unclear.

Ver argued that the tax violates the Fifth Amendment of the US Constitution and lacks clarity in its enforcement, potentially leading to legal challenges and disputes.

The debate over the IRS exit tax highlights the ongoing tensions between cryptocurrency enthusiasts and government regulators, as issues of taxation and financial sovereignty continue to be contentious topics in the industry.

Read more at Cointelegraph: Roger Ver moves to dismiss US tax evasion charges as ‘unconstitutional’