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posted by janrinok on Tuesday December 05 2017, @10:22AM   Printer-friendly
from the tax-man-cometh dept.

The Verge reports

[On November 29], Coinbase suffered a major defeat at the hands of the Internal Revenue Service, nearly a year after the case was initially filed. A California federal court has ordered Coinbase to turn over identifying records for all users who have bought, sold, sent, or received more than $20,000 through their accounts in a single year between 2013 and 2015. Coinbase estimates that 14,355 users meet the government's requirements.


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  • (Score: 2) by isostatic on Tuesday December 05 2017, @09:18PM (2 children)

    by isostatic (365) on Tuesday December 05 2017, @09:18PM (#605822) Journal

    That green space increases the value of other space surrounding it - why else would companies pay for green/open space in their blocks of land?

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  • (Score: 1) by Gault.Drakkor on Thursday December 07 2017, @11:20PM (1 child)

    by Gault.Drakkor (1079) on Thursday December 07 2017, @11:20PM (#607036)

    I did say that.
    My scenario was of a developer holding a chunk of green space and only that chunk of green space.

    We both agree that the chunk of green space increases value of land surrounding it. But the developer can take that chunk of green space and develop it into a building and increase their net value at the cost of everybody else. My point is that a developer should not be able to just acquire some green space then turn around and turn it into non-green space.

    • (Score: 2) by isostatic on Friday December 08 2017, @07:42PM

      by isostatic (365) on Friday December 08 2017, @07:42PM (#607365) Journal

      In the UK we have planning laws. In the US I believe it's zoning laws. If they aren't allowed to build on it, then clearly the land isn't value nor, thus tax is low.

      If they are allowed to build on it, then they should.