2020-8-20 22:00 |
The crypto-rich are just like the usual rich: They will do whatever it takes to avoid paying taxes including moving abroad. But bitcoin makes that much easier.
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Bitcoin miners in Kazakhstan will soon be paying taxes to the state as the government looks to raise funds for COVID-19 recovery plans. Outside China, Kazakhstan controls the third-largest share of the global Bitcoin (BTC) mining hash rate.
2020-8-5 21:39 | |
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With money printers in full swing, many are wondering why do they have to pay taxes at all. The given reason is usually that taxes pay for the roads and... The post The Digerati, Traveling the World While Paying No Taxes on Bitcoin, Legally! appeared first on Trustnodes.
2020-6-16 16:39 | |
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Coinspeaker How to Prepare for Bitcoin Tax FilingThe time of paying taxes is coming and crypto traders will not stand aside. Here is the summary of the main details that you need to know for the tax filing.How to Prepare for Bitcoin Tax Filing
2020-5-15 12:32 | |
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Rockstar Games announced that it will be donating 5% of its revenue from GTA Online and Red Dead Online to pandemic relief efforts. They would've donated much more by simply paying their taxes. The post Rockstar’s Pandemic Donation Is Nothing Compared to the Taxes They’ve Avoided appeared first on CCN.com
2020-4-2 03:22 | |
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Canale’s proposal of a cryptocurrency for an Argentinean city includes the possibility of paying taxes with it
2020-3-5 21:09 | |
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Paying crypto taxes is becoming increasingly difficult in 2020, as government tax authorities around the world continue to change their minds on how digital assets should be handled. To make things easier, we’ve put together a comprehensive guide to bring you up to speed on the latest changes.
2020-1-31 18:00 | |
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The United States’ Internal Revenue Service (IRS) says that a recent meeting with other global tax authorities has given it much deeper insight into how to track those using cryptocurrency to avoid paying taxes.
2019-11-10 08:34 | |
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Citing a possible regulatory issue with the program that allows Ohioans to pay taxes with crypto, state Treasurer Robert Sprague has suspended the service
2019-10-3 03:15 | |
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With the recent price rise, many bitcoin traders have incurred capital gains that need to be reported on year-end tax returns. But how? The post Op Ed: Are You Paying Taxes on Your 2019 Bitcoin Gains? appeared first on Bitcoin Magazine.
2019-9-10 21:20 | |
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Taxes are never popular, but in the U. S. , paying for crypto gains is like solving a Rubik’s Cube without touching it. While blindfolded. You might have correctly filed your obligations, but there’s no knowing until the tax authority explains exactly what those obligations are.
2019-9-5 21:21 | |
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The co-founder of a Canadian exchange called Coinberry, Evan Kuhn, has recently made a bold statement. According to him, Bitcoin is actually more efficient for paying taxes than most bank cards can be.
2019-8-24 21:17 | |
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Expected to launch this November, the city of Seoul will introduce a points system for residents that will reward them with S-coins, which can then be spent on goods and services. Residents will be able to earn S-coins by completing tasks such as paying taxes or participating in public opinion polls.
2019-8-7 23:40 | |
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The IRS has sent warning letters to over 10,000 customers who have used Coinbase and can be declared as crypto investors with full confidence. Many experts have weighed in to offer their advice to retail investors, encouraging them to declare their assets and pay their taxes instead of trying to skirt by regulation.
2019-8-2 01:00 | |
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Canadian digital currency platform, Coinberry, has partnered with the city of Richmond Hill to provide residents a choice of paying their municipal taxes in Bitcoin. On July 10, Richmond Hill’s City Council had voted in favor of the agreement, citing the provision of an option for property tax payment in Bitcoin for businesses and residents […] The post Canadian town partners with Coinberry to provide residents the option of paying municipal taxes in Bitcoin appeared first on AMBCrypto.
2019-7-17 19:30 | |
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A recently published U. S. Internal Revenue Service (IRS) slide describes alarming recommendations on how tax agents should deal with digital currency users who are not paying taxes. The slide recommends that agents question crypto users’ friends and family, comb through social media posts and issue subpoenas to make sure U.
2019-7-10 21:00 | |
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How could bitcoin prices influence paying taxes in bitcoin? An expert take from a tax lawyer
2019-6-24 12:49 | |
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Taxes, in and of themselves, can be complex, and throwing your crypto gains on top of it makes things even more challenging. However, that doesn’t mean that there aren’t ways around paying taxes on your Bitcoin gains.
2019-6-17 23:24 | |
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John McAfee, the anti-virus software tycoon turned fugitive Presidential candidate is known for his anti-taxation views. He is also a big-time Bitcoin proponent who has been running from the SEC and law enforcement agencies for not paying his taxes.
2019-6-12 19:30 | |
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For a few weeks now, the former antivirus software tycoon John McAfee has said he is fleeing from the U. S. government for not paying his taxes. More recently McAfee’s been on a tweet tirade, speaking directly to his “pursuers” and telling them to leave him alone.
2019-6-12 10:33 | |
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It’s not like any of us went to a store for unethical people and told the clerk to load us up with dozens of products and services developed by companies that have no regard for personal privacy, human rights, or the future of our planet.
2019-6-8 00:17 | |
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The Israel Tax Authority has won a court case against Noam Copel, a Bitcoin investor and founder of a blockchain startup called DAV, who bought the cryptocurrency in 2011 and sold it in 2013 with a profit of NIS 8.
2019-5-24 18:00 | |
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By CCN. com: Thai startups raising funds by issuing digitized equities/stocks pay more taxes than an average business, according to Prinn Panitchpakdi. The governor of the Stock Exchange of Thailand (SET) said initial coin offering (ICO) startups typically pay 7 percent in value-added (VAT) and a 20 percent in corporate tax.
2019-5-7 14:24 | |
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By CCN. com: CCN sat down recently with one of crypto’s biggest lending firms to hear insights into the emerging crypto-lending industry. Antoni Trenchev, co-founder of Nexo, discussed the millennial mindset when borrowing, as well as upcoming trends in his field.
2019-5-6 12:09 | |
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Federal tax season just passed in the United States, but if you’re one to leave responsibility to the wayside and had to apply for an extension, that might just pay off.
2019-5-1 23:39 | |
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By CCN. com: It will now be harder for Australians to under-declare or over-declare the taxes they owe on their crypto holdings or transactions. This follows an announcement by the Australian Taxation Office (ATO) that it will collect bulk records from cryptocurrency businesses in the country.
2019-4-30 12:37 | |
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SBI’s Crypto Exchange SBIVC Considers STO After Achieving Profits During Its Fiscal Year SBI Virtual Currencies (SBIVC), the crypto exchange created by SBI Holdings, has been profitable in its first fiscal year, according to its report own reports.
2019-4-26 22:29 | |
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The political spectrum is usually divided into four main categories: libertarian left, authoritarian left, libertarian right and authoritarian right. Those on the left prefer a more controlled economy, while those on the right have a preference for free markets.
2019-4-16 22:26 | |
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The US Congress will soon officially ban the IRS from offering its own tax filing service, according to reporting by ProPublica, a non-profit news agency. Probably. Advocates of a free, government-sponsored tax filing service have long argued that the current system doesn’t do justice to the millions of taxpayers making under $66,000 per year who actually shouldn’t be paying anything to file their taxes.
2019-4-10 09:42 | |
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The Ontarian town of Innisfil, Canada, has launched a pilot program in which local residents can pay their taxes… The post Canada Adoption: First Town Approves Paying Taxes With Bitcoin – What’s Next In Line? appeared first on Invest In Blockchain.
2019-3-29 09:41 | |
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The Canadian town of Innisfil has joined other towns in the world (like Ohio) to become the first metropolis to officially receive its taxes in cryptocurrency payments. Although this will not be available until sometime in April, residents of the town will have the option of paying property taxes either in fiat money or in […]
2019-3-29 03:40 | |
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The Canadian town of Innisfil is piloting a service that would allow residents to pay property taxes in Bitcoin
2019-3-29 03:05 | |
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Today's Ethereum News It may be grappling with scalability issues, dealing with claims that the foundation is underpaying lead developers triggering departure and complains of roadmap delays. Constantinople, the second stage implementation of Metropolis is an example.
2019-3-25 16:48 | |
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France is targeting large technology firms such as Google, Amazon, Facebook, Apple, and others in a move that could fetch the French nation about $500 million. French Finance Minister Bruno Le Maire said on Sunday in an interview with Le Parisien newspaper.
2019-3-6 09:39 | |
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Paying taxes on Bitcoin and other cryptocurrencies is becoming a priority for individuals in the US after the IRS announced on July 2nd, 2018 that one of their core campaigns and focuses for the year is the taxation of virtual currencies.
2019-3-4 20:57 | |
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Treasurer in the U. S. state of Ohio Robert Sprague has revealed that at least two companies have paid their taxes using bitcoin since the state launched its cryptocurrency payment platform in December.
2019-2-23 03:45 | |
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According to a recent statement made by Ohio’s state treasurer, so far, only two businesses have filed their taxes in crypto using the state’s crypto tax payment scheme.
2019-2-22 01:23 | |
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Cryptocurrency exchange users will now be able to have their taxes done instantly as TurboTax announced on January 4, 2019, that they will be partnering with CoinsTax to offer this service. Paying Their Dues It would seem that on a daily basis, progress is made in getting a framework set up for cryptocurrency taxation.
2019-2-6 06:00 | |
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J. P. Morgan Chase CEO Jamie Dimon has declared that he does not mind paying higher taxes as long as they are used where they are “most effective”. His comment comes as something of a bolt from the blue in the midst of a polarizing debate on whether the highest-earning Americans should be required to pay a top marginal tax rate of 70 percent as proposed by a number of prominent House Democrats.
2019-2-2 18:51 | |
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A house bill for amending the currently existing taxation Code of Indiana has been filed January 24 seeking acceptance of cryptocurrencies for paying taxes. Another bill requiring the state treasurer of New Hampshire to develop an implementation plan for accepting cryptocurrencies for tax payments has also been filed.
2019-1-27 01:00 | |
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A house bill for amending the currently existing taxation Code of Indiana has been filed January 24 seeking acceptance of cryptocurrencies for paying taxes. Another bill requiring the state treasurer of New Hampshire to develop an implementation plan for accepting cryptocurrencies for tax payments has also been filed.
2019-1-27 01:00 | |
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A new product from Bitwage makes it easier to handle payroll taxes when paying employees in bitcoin or ether.
2019-1-17 16:30 | |
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Cryptocurrency payroll service Bitwage has partnered with Texas-based payroll and Human Relations firm Simply Efficient HR to help companies fund W2 Employees and payroll tax payments using crypto.
2019-1-16 05:22 | |
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Major U. S. furniture retailer Overstock announced that it will pay taxes in bitcoin for the Ohio-based portion of its business under the state’s novel taxpayer platform, Ohiocrypto. com. Leading Crypto Adoption The 34th largest U.
2019-1-6 14:06 | |
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Online retailer Overstock announced it would pay a part of its Ohio state business tax using bitcoin, making it the first company to use Ohio’s crypto tax portal, Fortune reported on January 3, 2019.
2019-1-5 21:30 | |
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Latest Bitcoin News Aside from Bakkt, the never-ending wait for US SEC to comment or even approve Bitcoin ETF, the crypto and Bitcoin sphere is bereft of market-moving news. True, there are essential updates from time to time and what dominates right now is Overstock plans of “paying” their commercial activity taxes (CAT) using Bitcoin.
2019-1-4 18:00 | |
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The cryptocurrency-friendly company Overstock. com announced on Thursday that company will be paying part of its business taxes to the state of Ohio using bitcoin. Overstock will use the state’s Ohiocrypto.
2019-1-4 05:15 | |
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As tax season is rapidly approaching, some states, like Ohio, have decided to set a new standard for the rest of the country to follow. Back in November, Ohio became the first state in the U.
2019-1-3 20:53 | |
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Big time cryptocurrency traders in Japan could be getting a letter from the tax man next year. The Japanese government is developing a system to catch those who are not paying the appropriate taxes on the profits made from cryptocurrency trading, according to local news.
2018-12-4 12:43 | |
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In today’s Video Briefing, Kiana takes another look at Ohio’s recent announcement that the state government will allow some taxes to be paid in Bitcoin. Although crypto and taxes don’t often mix, the policy could bring new legitimacy to cryptocurrencies as well as make paying taxes a little easier.
2018-11-28 18:01 | |
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An asset that gains from disorder is surely worth having in one’s portfolio, says Jennifer Murphy, CEO of Runa Digital Assets.
While fiat currencies around the world are collapsing, bitcoin is a safe alternative that is extremely liquid for those who need to exchange for cash.
Poor earnings coupled with overvalued fundamental metrics pose long-term bearish risks for MSTR.
Financial illiteracy is a cardinal issue within societies. By using the Socratic method, we can ask questions that get to the root of the issue.
Nothing stands in the way of Bitcoin’s latest renaissance, even as gold tumbles and the U.S. dollar checks its progress.
Investing directly in Bitcoin turned out to be a better bet than owning Coinbase stock since its IPO.
“We want to make sure that we believe that if all things are equal, we win," said Mayor Francis Suarez.