You run a very successful fly-by-night VPS service paid for only in crypto. There is a decent sized market for that by the way. Too bad most of your customers are fake, anyway be diligent and actually mimic your customer behavior over TOR.
Run a subscription service.
Figure it out. Some to all of your customers will be fake because it will just be you making more accounts and paying yourself.
Report taxes on your wildly successful SaaS cloud business.
Assuming you even want govbucks, you deposit the clean crypto into your business and personal bank accounts.
No different than cash based services except its online/digital native and not constrained by local market liquidity and brick and mortar overhead.
How do you explain your business suddenly failing after you're done transferring your old funds into it?
And isn't it easier to simply cash out XMR you've allegedly mined back in 2014? Long-term held. cost basis zero, capital gains rate 20% max in the US. That's even better than the 21% corporate income tax.
You are right; also I would imagine the tax authority does not even care too much about where the money came from, they just want to make sure you paid enough taxes.
Criminal investigation agencies of course do care.
The IRS has a criminal enforcement department, and they absolutely investigate criminals and press charges that have nothing to do with tax evasion. Often they work with other branches, but they are fully fledged FBI agents and can prosecute any crime they want.
Usually they do that when they stumble upon them during tax/laundering investigations, but they'll prosecute anything.
Reread that paragraph and dont skip it this time.
You run a very successful fly-by-night VPS service paid for only in crypto. There is a decent sized market for that by the way. Too bad most of your customers are fake, anyway be diligent and actually mimic your customer behavior over TOR.
Run a subscription service.
Figure it out. Some to all of your customers will be fake because it will just be you making more accounts and paying yourself.
Report taxes on your wildly successful SaaS cloud business.
Assuming you even want govbucks, you deposit the clean crypto into your business and personal bank accounts.
No different than cash based services except its online/digital native and not constrained by local market liquidity and brick and mortar overhead.