Binance Introduces Crypto Tax Calculator for Users in Canada and France, BNB up 7%

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France will tax tech giants in 2019 if EU doesn’t step up

Plans for EU-wide digital services tax to prevent tax evasion were struck down this week as the proposal didn’t receive unanimous support from all 28 member states. This happened despite Germany and France‘s attempt to reach a consensus by proposing a bill full of concessions, which would specifically target behemoths like Google and Facebook.

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France Considers a Flat Capital Gains Tax for Bitcoin

The finance commission in France’s lower house of parliament has reportedly backed plans to decrease taxes on bitcoin sales, putting it on the same level as the standard capital gains tax. 30% Flat Tax on Bitcoin Gains Reuters reports that the finance commission in the lower house of the French parliament has backed plans to ease taxation on bitcoin gains to flat 30 percent.

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French Crypto Traders Might Benefit from Lower Tax

In France, taxes on capital gains from Bitcoin trading might be cut to 30% from the current rate at 36.2%, as per a new budget bill amendment.

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French Lawmakers Move to Reduce Bitcoin Gains Tax From 36.2 to 30 Percent

France, which has the potential to become Europe’s next crypto and blockchain hub, is now making moves to make the country more attractive to crypto investors. Lawmakers are now moving to bring down the current high capital gains tax rate for Bitcoin sales to a level on par with the tax rate for other non-real […] French Lawmakers Move to Reduce Bitcoin Gains Tax From 36.

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Daily Byte: Thursday, November 8, 2018

France cuts crypto tax, no national cryptocurrency for Israel, and South Korean lawyers want crypto framework. Plus, Venezuela takes Petro to OPEC.

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Increasing Number of Nations Are Competing to Be the Most Bitcoin-Friendly

Several countries are racing to become the world capital of cryptocurrency technologies. Bermuda, Gibraltar, and Malta are now competing with France to lure cryptocurrency companies to establish headquarters in their respective capitals.

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Blockpit ICO (TAX Token): Cryptocurrency Tax Auditing & Reporting Solution

The average cryptocurrency user trades or holds assets on around 4 to 5 different digital currency exchanges and wallets simultaneously. Thus, keeping track records for tax purposes becomes increasingly difficult.

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Jersey Need To Consider This Before It Can Become The Crypto Capital Of Europe

Recently, we are seeing more and more news from Jersey, a British island situated off the south coast of England, wedged between northern France in the English Channel. Quite an idyllic location by all accounts, not that I’ve been myself.

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