2023-10-14 22:28 |
Coinbase warns proposed IRS tax rules allow unlimited tracking of Americans and overload agency with useless data on small transactions.
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Senator Elizabeth Warren has voiced concerns over the delayed implementation of US crypto tax rules, warning that the government could miss out on billions of dollars in revenue. The post Senator Warren Grills US Gov’t Over 2-Year Delay on Crypto Tax Rules appeared first on BeInCrypto.
2023-10-12 10:00 | |
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U. S. Senators Elizabeth Warren and Angus S. King, Jr. are pressing the U. S. Department of the Treasury and the Internal Revenue Service (IRS) to hasten the implementation of recently proposed tax reporting rules for cryptocurrency brokers.
2023-10-12 06:00 | |
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India has continued in its hawkish stance on crypto, and while most people expect the government to introduce crypto-friendly rules, Nischal Shetty, CEO of India-based crypto exchange WazirX expects the opposite.
2023-9-22 19:00 | |
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Crypto held overseas constituted 70. 2% of the total value of foreign assets declared by South Korean nationals. The tax agency warned that individuals who break tax rules will face fines.
2023-9-20 16:15 | |
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G20 leaders are moving rapidly toward a Crypto Asset Reporting Framework, according to a report from The Times of India on Sept. 9. That framework would see G20 member countries collect and share information about the use of cryptocurrency and digital assets.
2023-9-10 23:05 | |
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The United States Internal Revenue Service has released proposed regulations on the sale and exchange of digital assets by brokers.
2023-8-29 23:30 | |
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Many prominent crypto commentators are concerned that this will make crypto firms even more reluctant to do business in the United States.
2023-8-27 09:01 | |
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The US Treasury Department recently revealed a proposal outlining new tax rules for the cryptocurrency industry. Among the updates is the introduction of a 1099 form for crypto transactions. The new guidelines also clarify tax obligations for digital asset miners. …
2023-8-26 21:56 | |
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Patrick McHenry, Chairman of the House Financial Services Committee, commented on newly proposed crypto taxation rules on Aug. 25. The IRS, along with the U. S. Treasury, proposed those taxation rules earlier in the day.
2023-8-26 22:20 | |
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The U. S. Treasury Department has proposed updated tax rules aiming to streamline the crypto tax landscape, as reported by the Wall Street Journal. The proposed rules, when fully implemented, will obligate crypto businesses to interact with the IRS in a similar fashion to traditional brokers handling stock and mutual fund portfolios.
2023-8-25 18:55 | |
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The proposed rules require brokers of digital assets to adhere to stringent tax reporting standards.
2023-8-26 17:13 | |
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If approved, the legislation would place crypto assets held by Brazilians overseas subject to the same tax rules governing traditional assets.
2023-8-13 20:06 | |
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If approved, the legislation would make crypto assets held by Brazilians overseas subject to the same tax rules governing traditional assets.
2023-8-14 20:06 | |
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A Supreme Court judge has rejected a request from Epic Games that would've immediately loosened Apple's App Store payment rules, to the potential benefit of crypto and NFT apps.
2023-8-10 06:32 | |
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US Senators urge Treasury and IRS to implement crypto tax rules by December 2023, warning of potential $1.5 billion revenue loss. Four U.S. Senators, Elizabeth Warren, Robert P. Casey, Jr., Richard Blumenthal, and Bernard Sanders, have sent a letter to…
2023-8-3 16:25 | |
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According to a report recently released by the International Monetary Fund (IMF), current anti-money laundering (AML) policies are inadequate for effectively dealing with tax evasion in the cryptocurrency industry.
2023-7-19 00:24 | |
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Slovakia relaxes tax rules for cryptocurrency profits and payments below 2,400 euros.
The post Slovakia Stands to Lose €30M Through Crypto Tax Cuts appeared first on BeInCrypto.
2023-6-29 17:00 | |
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The National Tax Agency of Japan released an updated version of its corporate tax guidelines, introducing significant changes to the crypto taxation rules for digital token issuers. This revision focuses explicitly on eliminating taxes on unrealized gains derived from crypto assets issued by companies.
2023-6-26 16:00 | |
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Japan’s National Tax Agency has partially revised its corporate tax guidelines, implementing new tax rules for token issuers.
2023-6-26 23:32 | |
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Japan’s National Tax Agency revised the corporate tax rules for cryptocurrency issuers earlier this week. The revised rules exempt crypto token issuers from paying corporate tax on unrealized gains for their holdings.
2023-6-25 20:42 | |
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Congressmen Brad Sherman and Stephen Lynch called the crypto industry "a major source of tax evasion" in a letter asking for the prompt release of proposed regulations.
2023-6-7 11:39 | |
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DAC8 extends tax reporting procedures to crypto transfers in line with the OECD crypto reporting framework and EU AML rules.
2023-5-17 20:12 | |
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Officials are optimistic finance ministers will formally agree on laws allowing the sharing of information on crypto and NFT holdings between tax authorities next week.
2023-5-11 16:04 | |
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U. S. President Joe Biden called for an end to unspecified crypto tax rules on May 9. On Twitter, Biden posted an infographic that read: “We think Congress should cut tax loopholes that help wealthy crypto investors.
2023-5-10 01:29 | |
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The country’s tax authority is consulting the public on new rules it said are aimed at reducing the burden on crypto users.
2023-5-2 13:47 | |
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The country’s tax authority is consulting the public on new rules it said are aimed at reducing the burden on crypto users.
2023-5-3 13:47 | |
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You might think that new tax reporting rules for exchanges should mean less work for the taxpayer, but it’s the opposite, says CPA Kirk Phillips.
2023-4-14 19:59 | |
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A change to R&D tax rules means that a tech company could lose more than $1 million — but still be on the hook for hundreds of thousands in taxes.
2023-4-11 02:29 | |
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India disclosed that it made nearly $20M in tax after new rules subjected income from crypto transfers to a flat tax rate of 30%. The post India Raked In Over $19.2M in Crypto Tax in the 2023 Fiscal Year appeared first on BeInCrypto.
2023-3-30 13:00 | |
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Digital proofs of ownership will be taxed like the underlying assets until rules on how to treat assets in retirement accounts are finalized
2023-3-22 17:56 | |
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United States President Joe Biden will propose changes to crypto taxation in an upcoming budget plan, according to a report from the Wall Street Journal on March 8. The post Biden to propose changing crypto tax rules: WSJ appeared first on CryptoSlate.
2023-3-9 03:40 | |
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Indian Finance Minister Nirmala Sitharaman has unveiled the 2023 budget for the nation.
2023-2-1 10:02 | |
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India is unlikely to change its restrictive crypto tax rules when Finance Minister Nirmala Sitharaman unveils the country’s new budget on Wednesday, CoinDesk has learned.
2023-1-30 17:51 | |
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A research study found that Indians moved more than $3.8 billion in cumulative trading volume from local to international crypto exchanges after the nation announced stiff crypto tax rules last year.
2023-1-5 10:58 | |
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A research study found that Indians moved more than $3.8 billion in cumulative trading volume from local to international crypto exchanges after the nation announced stiff crypto tax rules last year.
2023-1-4 10:58 | |
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Congress passed a law in November 2021 that required the new crypto rules to be issued.
2022-12-24 01:05 | |
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Congress passed a law in November 2021 that required the new crypto rules to be issued.
2022-12-25 01:05 | |
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A special council has just been created in Ukraine to draft crypto taxation regulations and strengthen existing laws.
2022-11-21 14:29 | |
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The need for comprehensive crypto tax reform will only become clearer as people start interacting with blockchains – and incurring capital gains taxes – without realizing.
2022-11-17 17:31 | |
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The government may write special rules regarding the treatment of the new asset within the cubbyhole, but there will be an existing tax bucket for every new idea, says KPMG's Tony Tuths.
2022-11-15 20:18 | |
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Apple published rules for NFTs for the first time that included a 30% NFT “tax” and geo-limiting exchanges.
2022-10-27 22:30 | |
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The Internal Revenue Service (IRS) has released a draft of new instructions to U.S. taxpayers on reporting digital asset activity. IRS Releases Draft Tax Document The IRS is expanding its...
2022-10-20 00:13 | |
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Japan has been looking to gradually ease rules for crypto startups, with the government also considering corporate tax breaks for companies.
2022-10-20 19:50 | |
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Portugal could soon impose taxes on crypto investors through new rules set out in its draft budget. Portugal Includes Crypto In Budget Portugal may impose a 28% tax on crypto...
2022-10-11 00:46 | |
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IRS rules weren’t ready for the Ethereum upgrade. It’s unlikely to become the fiasco that taxpayers experienced when Bitcoin forked in 2017, but there are measures they can take to prepare for whatever the IRS decides.
2022-9-28 00:31 | |
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Kazakhstan has imposed new tax rules on crypto miners, this new taxation system shall be differentiating the tax rates on crypto mining. It also includes crypto miners that use renewable energy resources.
2022-7-15 04:00 | |
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The President of Kazakhstan signed a bill to apply a differentiated tax rate based on the energy consumption of crypto miners on July 11. The post Kazakhstan imposes new tax rules on crypto miners appeared first on CryptoSlate.
2022-7-13 15:00 | |
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Her Majestys Revenue and Customs is seeking views from investors, professionals, and firms engaged in the DeFi space. U.K. Mulls New Tax Rules for DeFi The U.K. government wants help...
2022-7-5 17:50 | |
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An Indian government notification from the tax authorities has clarified key procedural elements of compliance to the new and controversial tax provision, 1% tax deducted at source (TDS), effective July 1, 2022.
2022-6-22 22:29 | |
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Dutch court convicts Tornado Cash developer Alexey Pertsev of laundering $1.2 billion, setting the stage for a significant impact on privacy in decentralized finance. The post Dutch court finds Tornado Cash dev Alexey Pertsev guilty of laundering $1.2B appeared first on Crypto Briefing.
US senators Ron Wyden and Cynthia Lummis sent a letter to the DOJ questioning if services like Samourai Wallet meet the definition of money transmitters under current laws and guidance. The post Senators question DOJ for ‘unprecedented interpretation’ over Samourai Wallet and Tornado Cash appeared first on Crypto Briefing.
House Financial Services Committee Chairman Patrick McHenry said new legislation that will give the crypto industry greater clarity regarding regulatory oversight is set for a potential House floor vote by the end of May.
The International Monetary Fund (IMF) has recommended that Nigeria embrace the regulated use of digital assets by licensing international crypto exchanges. The watchdog made the proposal in its latest consultation report for Nigeria.
Cryptocurrency exchange Kraken refuted the SEC's claims it listed securities, arguing the regulator lacks evidence and is misusing terms to expand authority. The post Kraken refutes SEC’s claim that it offered ‘investment concepts’ appeared first on Crypto Briefing.
Taiwan is bolstering its anti-money laundering regulations through amendments to its Money Laundering Control Act, as the island aligns its laws with international standards set by the Asia/Pacific Group on Money Laundering (APG).
Quick Take The Federal Reserve and other central banks worldwide are approaching the end of a rate-hiking cycle, raising concerns about a potential recession. Historical data from Rosenberg Research, shared by QE infinity, reveals a concerning trend: out of the past 14 rate-hiking cycles since 1950, the United States has experienced a recession 11 times.