Document Type
Article
Publication Date
9-2024
Abstract
Robert Goulder has devoted one of his excellent columns to the fascinating case of “Bitcoin Jesus.” As explained by Goulder:
Another billionaire was in the news recently for reasons that relate to taxation, although it’s doubtful he will be accused of much virtue. The man known internationally as “Bitcoin Jesus” got himself arrested in Spain on April 27. He now faces extradition to the United States, where an eight-count criminal tax indictment awaits him. Bitcoin Jesus is coming home.
This is a far cry from the Jesus born in Bethlehem who once said that it was easier for a camel to pass through the eye of a needle than for a rich man to enter the kingdom of God. Bitcoin Jesus was born in San Jose, California, in 1979, became fabulously wealthy from his cryptocurrency holdings, and renounced his U.S. citizenship in 2014.
In case you’re not in the loop, allow me to explain. Bitcoin Jesus is the alias of noted libertarian investor Roger Keith Ver. He has resided in Japan for much of his adult life and now claims citizenship in St. Kitts and Nevis. As you might expect, the combination of global mobility and extreme wealth can lead to some interesting tax issues.
Recommended Citation
Avi-Yonah, Reuven S. "Crypto and the Exit Tax." Tax Notes International 115, no. 11 (2024): 1683-1686.