ChainCatcher news, Russia has proposed a draft amendment through the Ministry of Finance, suggesting a 15% tax on cryptocurrency income. The proposed changes will reshape the tax framework for crypto miners, affecting income, expenses, and related infrastructure.A key part of the new legislation is the proposal to impose a 15% personal income tax on cryptocurrency income. The income from mining tokens will be taxed at market value upon receipt, and miners can deduct operating expenses to ensure a balanced tax calculation. Cryptocurrencies will be classified as property for tax purposes, eliminating the value-added tax (VAT) on crypto transactions.

ChainCatcher news, according to Bitcoin.com News, Coinbase CEO Brian Armstrong has proposed a comprehensive reform of the U.S. tax system, calling for the elimination of personal income tax and shifting the tax filing burden onto corporations.He stated, "To be honest, completely eliminating personal income tax is the ideal scenario, shifting the tax filing burden onto corporations. Trying to generate an equivalent amount of revenue through sales tax or corporate income."Brian Armstrong believes that a simplified system could relieve the pressure on millions of Americans, making taxes easier to manage while maintaining essential government revenue.