Tag: Tax Revenue

  • India Risks $2 Billion in Tax Revenue as Crypto Traders Flee Offshore

    India Risks $2 Billion in Tax Revenue as Crypto Traders Flee Offshore

    India’s tax policies on cryptocurrency are pushing traders to offshore platforms, risking a loss of over $2 billion in tax revenue over the next five years, a new report from Indian think tank Esya Centre reveals. Since July 2022, the government has already missed collecting over ₹6,000 crore ($724 million) in taxes from virtual digital…