2024-6-5 20:27 |
FTX agreed to pay the Internal Revenue Service $885 million to settle a $24 billion tax claim the agency levied during bankruptcy proceedings. origin »
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The FTX collapse has left investors in a tax quandary, with no specific tax law provisions to address their losses. Consulting tax professionals and waiting for further case developments is the current best course of action.
2023-4-7 17:41 | |
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What you need to know for your 2022 tax filing if you lost money or used the FTX crypto exchange.
2022-11-18 19:54 | |
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In an interview with CNN, Sam Bankman-Fried, the CEO of FTX, supports the newly proposed wealth tax in the United States. The post FTX’s Sam Bankman-Fried believes billionaires should pay more taxes—including himself appeared first on CryptoSlate.
2021-12-18 08:00 | |
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MicroStrategy CEO and Bitcoin supporter Michael Saylor has agreed to the largest income tax settlement deal in Washington D.C.'s history.
According to an unsealed U.S. Department of Justice indictment, early Bitcoin investor Roger Ver was charged with tax evasion and arrested in Spain.
Crypto investigations are no longer focused on money laundering as about half of the crypto probes in 2022 involved tax, the IRS says. As per a Bloomberg report, Jim Lee, head of the Internal Revenue Service’s (IRS) criminal investigation division…
The government of Cheongju City, located in the central region of South Korea, is looking to confiscate virtual assets such as Bitcoin from tax evaders. According to a local media report on August 22, the city authorities sought cooperation from seven crypto exchanges, including Upbit and Bithumb, to punish these delinquents. These exchanges have been […]
Cardano investors in Japan have come under scrutiny after authorities reported that investors in the asset had underreported their taxes from their trading activities. It was reported that multiple cities in the country had seen profits from trading in Cardano’s native token ADA but had not reported the earnings made from investing in the digital asset.
Crypto tax evasion is becoming a hot potato for the authorities in some Asian countries, such as Japan and South Korea. A South Korean city is now actively fighting against tax evaders who are suspiciously reporting meager earnings in their filings.