Digital Chamber sues Illinois over crypto transaction tax
The 32-page complaint argues digital assets are being taxed because of the technology itself, not the economic substance, and asks a state court to halt the levy before it takes effect.
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The 32-page complaint argues digital assets are being taxed because of the technology itself, not the economic substance, and asks a state court to halt the levy before it takes effect.
The plaintiffs ask courts to declare long-dormant Bitcoin abandoned, but the wallets that actually transacted while the case was pending expose the limits of an 'inactivity equals abandonment' theory…