Categories: BitcoinFinanceNewsRegulation

Swedish Man Goes to Court over “Absurd” Cryptocurrency Tax Bill

Swedish Man Linus Dunkers has filed a court case after being charged $885,000 in tax for Cryptocurrency trading. An amount he says is over three times all the profit he made, as per a report from SVT January 20, 2019.

A Million Ways to Tax

One aspect of cryptocurrency adoption that has caused great frustration is the issue of paying taxes. While some progress has been made in varying parts of the world, in other parts these laws can be confusing at best.

In this instance, a man in Sweden is bearing the consequences of such confusion, as he now reportedly owes the tax authority almost $1 million.

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