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Will US Treasury proposals kill defi? Critics blast new crypto bill
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. … дальше »
2023-8-26 21:56 | |
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US Treasury Plans to Raise Additional $700B Through New Tax Compliance Measures
The U.S. Treasury Department plans to raise an additional $700 billion through the new tax compliance measures. The post US Treasury Plans to Raise Additional $700B Through New Tax Compliance Measures appeared first on BeInCrypto. дальше »
2021-5-21 23:00 | |
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France’s Millionaire Tax Failed – So Will AOC’s Green New Deal
It seems like New York and Alexandria Ocasio-Cortez could learn a thing or two from Europe. The “millionaire tax” that both the state and its most controversial representative are proposing was first attempted in France back in 2012. дальше »
2019-3-12 00:49 | |
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New York Democrats Salivate over Proposed $9 Billion Wealth Tax
New York’s transit infrastructure is in serious jeopardy. Following years of neglect and underfunding, the system allegedly requires a $40 billion investment over the next ten years, or it risks falling into what subway chief Andy Byford calls a “death spiral. дальше »
2019-3-10 21:15 | |
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Vive La France! Facebook, Google, and Amazon Face $452 Million Tax Bill
France expects to collect $452 million in 2019 through a new digital tax that targets 30 Big Tech companies, including Facebook, Google, Amazon, and Apple. On March 6, the French government introduced a 3% digital-services tax on tech giants that earn hefty revenues in France through targeted ads or digital marketplaces. дальше »
2019-3-7 00:42 | |
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Review: Alienware’s Aurora R8 with RTX 2080 graphics is a triumph
I’m not really a $3,000 computer kind of guy. But when Alienware offered to let me review the new Aurora R8 with an Intel 9th gen processor and Nvidia RTX 2080 graphics, I quickly became one. Normally I’d suggest saving yourself a grand by building your own system – but that’s not for everyone. дальше »
2019-3-7 00:21 | |
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In the Daily: Opera Browser, EY Tax Tool, Elliptic, Cryptopia Exchange
In this edition of The Daily we cover the next step in the crypto strategy of the Opera browser, a new tax reporting tool for major cryptocurrency investors from EY, a response from Coinbase’s former surveillance partner Elliptic, and an update on hacked New Zealand exchange Cryptopia. дальше »
2019-3-6 14:15 | |
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New EY CAAT tech facilitates cryptocurrency reporting and compliance
CryptoNinjas Ernst & Young LLP today announced the launch of the EY Crypto-Asset Accounting and Tax (CAAT) tool, a technology solution that facilitates accounting and tax calculations for cryptocurrency transactions. дальше »
2019-3-5 00:52 | |
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Senate of Utah May Offer Reprieve from Money Transmitter Act for Blockchain Tech Companies
Blockchain technology is still trying to find its place in the US economy, and there has been many regulations that outline what it can and can’t do. Tax laws and other regulations have been customized to promote innovation, but a new bill has been brought to the Utah Senate that would provide them with another […] дальше »
2019-3-5 00:38 | |
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Blockchain Advocacy Coalition Sponsors Bill to Allow Crypto for Legal Cannabis Tax
Activist group Blockchain Advocacy Coalition (BAC) has sponsored a bill in California’s 19th State Assembly District, set to allow legal cannabis businesses in the district to pay their state taxes using cryptocurrency. дальше »
2019-3-1 20:16 | |
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Will Cohen’s Explosive Testimony Finally Impeach “Conman” President Trump?
Donald Trump’s former attorney and “fixer” will give an explosive testimony before Congress today, calling the president a “racist,” a “conman” and a “cheat. ” The damning testimony, obtained in full by the New York Times, comes as a petition circles in Congress to impeach Donald Trump. дальше »
2019-2-28 17:53 | |
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Stablecoin Classifications, Regulations, and Tax Implications from a Certified Public Accountant
Stablecoins are the latest innovation to emerge over the past year and have the potential to revolutionize not only virtual currency markets but to also become a new mechanism for worldwide commerce. дальше »
2019-2-27 14:58 | |
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So Far, Only Two Businesses in Ohio Have Used Bitcoin to Pay Taxes
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. дальше »
2019-2-22 01:23 | |
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The German Government Seeks the Blockchain Community’s Input on new Laws
While the German government is preparing for a strategy presentation this summer, they have also sought the consultation of the blockchain community, reported February 18, 2019. Talking Points As time goes on, more and more governments have adopted the use of blockchain in transportation, tax collection, and so on. дальше »
2019-2-20 15:00 | |
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Blockchain-Based Tax Invoices to Be Used in Local E-Commerce Industry in Guangdong, China
Blockchain technology is being implemented for smart contracts and even the storage of some important digital documents that would otherwise be cluttering an office somewhere. Considering the security of this type of ledger, the Guangdong Municipal Taxation Bureau has decided to use it for a new platform that allows consumers to view their tax invoice […] дальше »
2019-2-18 21:08 | |
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New Zealand to Slap ‘Digital Services Tax’ on Internet Giants Google, Facebook: Will this Antagonize the US?
Following the precedent set by some European countries such as Austria, France, Italy, Spain and the United Kingdom, New Zealand has indicated it will introduce a digital services tax. This is expected to affect internet giants such as Google and Facebook, according to the New Zealand Herald. дальше »
2019-2-18 16:00 | |
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Liberals Love Immigration Unless Google or Amazon Wants to Move to Their Neighborhood
Why does the media keep reporting on Amazon, Google, and other tech giants building new offices and data centers as if their desire to expand is an affront to basic human decency? This article by Elizabeth Dwoskin at the Washington Post covers Google’s expansion into a new data center near Dallas, TX as if the author was a muckraker uncovering a dirty secret. дальше »
2019-2-18 00:30 | |
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Japan Association of New Economy (JANE) Requests FSA to Review Tax Scheme on Crypto Trading
The crypto community in Japan might see a new day soon as the Japanese Financial Services Agency has been requested by the Japan Association of New Economy (JANE), to significantly decrease the existing tax rate payable for earnings made via cryptocurrency transactions and trading. дальше »
2019-2-16 01:07 | |
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Wyoming Passes New Friendly Regulations for Crypto Assets
The Wyoming state government has been expanding its status as a hub for crypto and blockchain technology by passing several new bills this February. According to Wyoming-based blockchain advocate Caitlin Long, the state of Wyoming has recently passed resolution SF0125 on February 14, 2019, claiming that Wyoming “law recognizes property rights in the direct ownership of digital assets. дальше »
2019-2-15 22:18 | |
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You Won’t Believe How Many US Voters Back the ‘Extreme’ 70% Tax Rate in Ocasio-Cortez’s Green New Deal
According to data from Navigator Research, a recent poll concluded that almost half of Americans support a 70% marginal tax on income earned above $10 million. Without explanation, 48% of people polled favored the proposition from the Green New Deal. дальше »
2019-2-15 19:51 | |
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Newsflash: Amazon Trashes Plans for NYC Headquarters, Caves to Pressure from Ocasio-Cortez
Caving to pressure form local politicians and special interest groups, tech conglomerate Amazon has trashed a plan to build a new corporate headquarters in New York City. Amazon Caves to Pressure from Ocasio-Cortez, other Lawmakers The spacious Amazon campus in Long Island City, Queens would have created more than 25,000 well-paying jobs. дальше »
2019-2-15 19:58 | |
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New Hampshire Lawmakers to Allow Residents Pay Tax with Bitcoin and Cryptocurrency
A newly put forward cryptocurrency law in New Hampshire is getting some considerable progress. The law will give the people living in the state the opportunity to pay taxes using cryptocurrency. The bill recently scaled its initial reading as it was passed unanimously by a subcommittee on the House Executive Departments and Administration Committee. House […] дальше »
2019-2-9 17:48 | |
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Banking Whistleblower Wants to Launch an ‘Ethical’ Cryptocurrency in New Tabu Tokens
The banking whistleblower, Frenchman Herve Falciani, is currently working in a new virtual currency that he believes could be embraced by regulators. Living in exile in Spain, Falciani is known for being an HSBC systems engineer that leaked client data triggering high-profile tax investigations. дальше »
2019-2-9 05:21 | |
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New Hampshire Bill to Legalise Cryptocurrency Payments for Tax Passes Sub-Committee
New Hampshire is a step closer to begin accepting cryptocurrency as a form of tax payment. As of February 2, 2019, the house sub-committee voted unanimously on a bill that would allow such payments. дальше »
2019-2-5 22:00 | |
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The Daily: Turbo Tax Adds Crypto Section, Venezuela’s Localbitcoins Record
In this edition of The Daily, tax filing software Turbo Tax has integrated a feature that allows crypto investors to report their capital gains online. Also, Venezuelans have set a new record in P2P trade on Localbitcoins and Brazilians can now pay for movie tickets with digital coins. дальше »
2019-2-5 16:41 | |
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New Hampshire Closer to Accept Bitcoin for Taxes as Subcommittee Votes Yes
The state of New Hampshire has moved one step closer to accepting Bitcoin for tax payments. The state’s House Subcommittee has unanimously approved Bill 470-FN filed January 5th, 2019. New Hampshire House Bill Uninmously Approved Earlier in January, Bitcoinist reported that House bill 470-FN has been filed, seeking the acceptance of cryptocurrencies as payment for taxes, as well as fees by state agencies. дальше »
2019-2-4 14:00 | |
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New Credit Karma Survey Shows Bitcoin Investors are Less Likely to File Tax Returns on Crypto Losses
A survey of 1000 people by Credit Karma, a U. S. based multinational personal finance company reveals that bitcoin investors are reluctant to report the losses they have incurred from trading cryptocurrencies because some are uncertain if there will be tax deductions, reports CNBC on January 30, 2019. дальше »
2019-2-1 05:21 | |
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Intuit’s Turbo Tax Adds a New Option if Transacting or Selling Cryptocurrencies for IRS Tax Returns
In the United States, the Internal Revenue Service (IRS) will be knocking cryptocurrency users’ doors explaining that it is mandatory to inform crypto trades and pay the related taxes on them. Investors, holders, and other individuals must be compliant with this issue. дальше »
2019-1-30 20:59 | |
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Governments’ Increasing Interest in Cryptocurrencies: Recognition or Interference?
In recent times, it would seem like the governments in a few countries keep looking for new ways to control and profit off cryptocurrencies. Some countries including Chile, Romania, Spain and South Africa, are making laws that not only tax crypto assets but also force citizens to reveal their cryptocurrencies in their home country and […] дальше »
2019-1-30 16:23 | |
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New Tax Reform in China Could Help Cryptocurrencies Start Growing Again Says Primitive Ventures Founder
Bitcoin (BTC) and digital assets have been in a bear market since the beginning of January 2018. Indeed, Bitcoin lost more than 82% since its all-time high back in December 2017 when it reached $20,000. дальше »
2019-1-28 19:54 | |
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Bitcoin VC: China Tax Reform Could Help Crypto Assets “Bloom”
Since Bitcoin (BTC) established a new all-time high in late-December 2017, the cryptocurrency market has faltered. Since that fateful month, the broader asset class has posted losses that would even make gamblers cringe, as the value proposition of cryptocurrencies has become misconstrued and nebulous at times. дальше »
2019-1-28 00:00 | |
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Indiana, New Hampshire May Be Next to Accept Bitcoin for Taxes
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. дальше »
2019-1-27 01:00 | |
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Indiana, New Hampshire May Be Next to Accept Cryptocurrencies for Taxes
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. дальше »
2019-1-27 01:00 | |
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Coinbase Announces New Resources for Crypto Taxation
Coinbase, the US-based digital asset exchange wrote in a blog post on Thursday about the confusion surrounding taxes in regards to cryptocurrency transactions. The exchange noted that both their customers and the broader crypto community who are US taxpayers need clarity on the issue. дальше »
2019-1-26 16:14 | |
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Coinbase Introduces Tax Support Resources for U.S. Customers
Coinbase, one of the largest American cryptocurrency exchanges, has introduced new resources for its U. S. -based customers to claim crypto trades on their taxes, the company announced in a blog post on January 24, 2019. дальше »
2019-1-26 00:00 | |
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Coinbase Adds Tax Support Resources for US Customers, Including TurboTax Integration
U.S.-based crypto exchange Coinbase has added new resources for users on how to claim crypto transactions on their yearly taxes
дальше »2019-1-25 03:05 | |
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New Hampshire Lawmakers Introduce A Bill Seeking Approval For State-Level Crypto Tax Payments
Republican senators Dennis Acton and Michael Yakubovich of New Hampshire have introduced House Bill 470 that seeks to allow state agencies to accept cryptocurrencies as payment. State Treasury, Department of Administrative Services, and the Department of Revenue Administration have been contacted to give their feedback on the issue. For the bill, the Department of Administrative […] дальше »
2019-1-24 12:41 | |
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Lawmakers Pitch New Crypto Tax Payments Bill in New Hampshire
A New Hampshire bill would require state agencies to accept cryptocurrency as payment for fees and taxes. дальше »
2019-1-24 00:21 | |
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Elections Canada Consults With Political Parties on Crypto Donations
According to Elections Canada, the agency that runs federal elections in Canada, there has been “a growing interest” in cryptocurrency donations. This trend has prompted some political parties to ask for a ruling on how best to manage bitcoin and other cryptocurrency political donations and how to navigate the various reporting systems required by both Elections Canada and the parties so that they comply with the Canada Elections Act. дальше »
2019-1-24 20:28 | |
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