Sweden requires crypto miners to pay $90 million in unpaid taxes

ChainCatcher news, according to Cointelegraph, Swedish cryptocurrency mining companies were found to have evaded more than $90 million in taxes over the past four years after a government investigation.

The Swedish Tax Agency investigated the operations of 21 cryptocurrency mining companies and found that 18 of them provided “misleading or incomplete” information to obtain tax benefits. These companies avoid paying VAT by providing misleading business descriptions, or find other ways to evade paying import duties and income taxes.