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Trump’s tax plan set to eliminate income taxes for 93 million Americans
Trump's tax reform could exempt 93 million Americans from income taxes, shifting burden to tariffs with economic implications. The post Trump’s tax plan set to eliminate income taxes for 93 million Americans appeared first on Crypto Briefing. дальше »
2024-10-22 00:28 | |
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India to recover $345m in taxes from Kraken, Huobi, and other offshore exchanges
India’s Financial Intelligence Unit is looking to recoup at least $345 million in goods and services tax from 7 seven foreign cryptocurrency exchanges that operated in the nation. Sources familiar with the matter told the Economic Times that India’s anti-money… дальше »
2024-9-12 13:25 | |
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'Bitcoin a matter of national security' - Mara’s CEO after Russia mined $3B
Russia made $555 million in taxes from $3B BTC mined last year in the wake of Western sanctions This remarkable feat tipped Mara’s Thiel to call Bitcoin and mining a "national security" matteThe post 'Bitcoin a matter of national security' - Mara’s CEO after Russia mined $3B appeared first on AMBCrypto. дальше »
2024-9-8 00:00 | |
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Australia’s Crypto Crackdown: ATO Seeks Data from Exchanges To Identify Tax Discrepancies
The Australian Taxation Office (ATO) is targeting approximately 1. 2 million cryptocurrency-related accounts to tighten the noose on tax discrepancies. According to Reuters, this step marks an approach by the Australian government to “crackdown on users who may be failing to pay their taxes amid a rising interest in digital tokens. дальше »
2024-5-9 02:30 | |
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Canada Revenue Agency Targets $39.5 Million From Crypto Tax Evaders
The Canada Revenue Agency is pursuing $54 million in unpaid taxes from cryptocurrency traders, emphasizing the need for improved tax education. The post Canada Revenue Agency Targets $39.5 Million From Crypto Tax Evaders appeared first on BeInCrypto. дальше »
2024-5-8 22:43 | |
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South Korea’s Gyeonggi province cracks down on crypto tax evasion, recovers $4.6m
A South Korean province has adopted an advanced system to combat crypto tax evasion, successfully recovering $4.6 million in unpaid taxes from delinquents. As per Feb. 22 local reports, the Gyeonggi province’s method represents a considerable shift from the traditional,… дальше »
2024-2-22 10:55 | |
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Former Celsius CEO Withdrew $10M Ahead of Bankruptcy to ‘Pay Taxes’
Former Celsius CEO Alex Mashinsky withdrew $10 million in May to pay state and federal taxes and also used it for 'estate planning.' The post Former Celsius CEO Withdrew $10M Ahead of Bankruptcy to ‘Pay Taxes’ appeared first on BeInCrypto. дальше »
2022-10-3 08:53 | |
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Cardano Investors In Japan Come Under Fire For $6 Million In Underreported Taxes
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. дальше »
2021-10-7 02:00 | |
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South Korean Officials Seize $47M in Crypto Due to Unpaid Taxes
South Korea seized nearly $50 million in cryptocurrency from 12,000 people, who are accused of tax evasion. The post South Korean Officials Seize $47M in Crypto Due to Unpaid Taxes appeared first on BeInCrypto. дальше »
2021-6-24 22:35 | |
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Tax Authority Seizes Cryptocurrencies Worth $25 Million From Hundreds of Crypto Investors in South Korea
The tax department of the Seoul metropolitan government in South Korea has reportedly seized cryptocurrencies worth about $25 million from hundreds of crypto investors with delinquent taxes. The cryptocurrencies, including bitcoin, were seized from three exchanges. дальше »
2021-4-24 14:30 | |
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NFT Buyers and Sellers Could be Liable to “Unknown” Capital Gains Tax in the United States
U. S. citizens making money off the booming non-fungible token (NFT) market may be unaware of liable taxes from selling the NFTs. Beeple’s record-breaking $69. 3 million NFT sales could attract tens of millions in taxes. дальше »
2021-3-19 22:03 | |
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Bitcoin Is Going Through the Roof in Argentina While the Government Imposes New Taxes
Argentina’s Senate approved an extraordinary one-time wealth tax to fight the coronavirus pandemic by seeking to boost government revenue and targeting millionaires with assets of more than 200 million pesos ($2. дальше »
2020-12-11 09:05 | |
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Engineer Uses Bitcoin to Defraud Microsoft of $10M, Evade Taxes
Bitcoin is regularly blasted by regulators and the IRS for its use in illicit crime such as money laundering or tax evasion. Unfortunately, a story involving a former Microsoft engineer who used the cryptocurrency to mix over $10 million he had defrauded the company out of, doesn’t help that case. дальше »
2020-11-11 18:00 | |
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IRS Prioritizes Cryptocurrency, Now First Question on 1040 Tax Form
The new U. S. tax form is out and the cryptocurrency question is the first one on the main 1040 tax form used by about 150 million people to file their taxes. The Internal Revenue Service (IRS) requires all tax filers to declare whether they have received, sold, exchanged, or acquired any cryptocurrencies. дальше »
2020-8-22 19:30 | |
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Coronavirus Could Delay 2019 Cryptocurrency Tax Filings and Payments
Cryptocurrency investors in the United States who scored wins in 2019 can delay filing and payment on their taxes for 90 days. The announcement came from the Trump administration, allowing taxpayers to delay payments up to $1 million individually. дальше »
2020-3-24 05:10 | |
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Decentralized Finance (DeFi) Grew To $668 Million In 2019, How Will Taxes Be Calculated?
2019’s decentralized finance (DeFi) boom that has led to more than $785 million being locked in crypto assets is giving accountants serious headaches. Antoine Scalie, the CEO of accounting startup Cryptio says complex assets and transactions make it for the accounting to be more difficult. дальше »
2020-1-18 00:33 | |
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Bithumb Exchange Will Pay $67 Million in Additional Crypto Taxes
Coinspeaker Bithumb Exchange Will Pay $67 Million in Additional Crypto TaxesEarlier South Korean crypto exchange Bithumb had reported about a bad financial year, but now it has been revealed that the taxes are getting even harder. дальше »
2019-12-30 23:20 | |
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Be Ready to Pay over $85 Million in Taxes if You Win the Mega Millions Jackpot on Friday
Coinspeaker Be Ready to Pay over $85 Million in Taxes if You Win the Mega Millions Jackpot on FridaySince nobody’s ticket matched the numbers that could ensure a Mega Millions jackpot prize on Tuesday, thousands of people can’t wait for tomorrow. дальше »
2019-12-13 19:47 | |
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Moonday Mornings: IBM wants to put your browser history on the blockchain, forever
Welcome to another Moonday Mornings. Let’s waste no time and take a look at the weekend’s cryptocurrency and blockchain headlines you can’t afford to miss. 1. Cryptocurrency traders in Israel are facing a sticky situation. дальше »
2019-8-12 11:29 | |
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Why are Israeli Banks Refusing to Take Fiat Deposits from Cryptocurrency Traders?
On August 6th we reported the difficulty experienced by Israeli cryptocurrency traders to pay taxes given the concerns raised by the banking industry. With over $85 million USD in tax arrears to be paid to the government, cryptocurrency traders are blaming the banks for purposefully creating a barrier due to the competition from the emerging […] дальше »
2019-8-9 19:46 | |
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Op Ed: Debunking Bitcoin Myths: The ‘Intrinsic Value’ Fallacy
A series of op eds by Kyle Torpey addressing some of the oft-repeated arguments against Bitcoin. One of the earliest criticisms of Bitcoin was that the underlying token in the system had no intrinsic value. дальше »
2019-6-4 23:41 | |
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Op Ed: Debunking Bitcoin Myths, The ‘Intrinsic Value’ Fallacy
A series of op eds by Kyle Torpey addressing some of the oft-repeated arguments against Bitcoin. One of the earliest criticisms of Bitcoin was that the underlying token in the system had no intrinsic value. дальше »
2019-5-31 23:41 | |
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Israeli Court Orders Bitcoiner to Pay Nearly $900,000 for Tax Evasion
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. дальше »
2019-5-24 18:00 | |
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Bitcoin Bull’s $800,000 Tax Bill Due as Israeli Court Rules Crypto is ‘Property’
By CCN: An Israeli court has ruled that Bitcoin is not a currency but rather an asset. This was in a case brought forth by Noam Copel, a blockchain entrepreneur, according to business publication Globes. дальше »
2019-5-22 15:39 | |
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Donald Trump Paid Zero Taxes in a Decade, Lost More Money Than ‘Every Other American’: NYT
By CCN. com: The Donald Trump business lost $1. 17 billion in a decade according to tax information seen by the New York Times. The figures mean the “self-made” president lost more money between 1985 and 1994 than any other American. дальше »
2019-5-8 12:49 | |
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SBI Virtual Currencies (SBIVC) Exchange Considers STO After Earning Early Profits In First Fiscal Year
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. дальше »
2019-4-26 22:29 | |
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France Targets Amazon, Google, Facebook for an Annual $500 Million Tax Boost
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. дальше »
2019-3-6 09:39 | |
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The AOC Effect: California’s High Taxes Cost The San Francisco Giants Bryce Harper
It looks like California tax rates, which are some of the highest in the nation, may have cost the San Francisco Giants their shot at top MLB talent Bryce Harper. The 26-year-old professional baseball star agreed to a 13-year, $330 million deal with the Philadelphia Phillies Thursday. дальше »
2019-3-5 02:59 | |
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We’re Freeriders: Facebook Co-Founder Chris Hughes, Worth $500 Million, Wants to Pay Higher Taxes
Facebook co-founder Chris Hughes is back advocating for higher taxes for wealthy Americans. This is not the first time Hughes is calling on the government to take a step to help low-income Americans trying to make ends meet. дальше »
2019-2-12 17:29 | |
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Moonday Mornings: Dark Web Bitcoin transactions doubled in 2018
If you didn’t notice, today is Monday, January 21, which means two things. One, it’s time for another Moonday Mornings; and two, it’s the most depressing day of the year – apparently. Goodthing we have a wrap-up of the weekend’s top cryptocurrency and blockchain news for you. дальше »
2019-1-21 11:35 | |
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Finland Hands Over Info for 2,700 Danish Traders to Denmark’s Tax Agency
Finnish tax authorities have handed over information on 2,700 bitcoin traders to its Danish counterpart, Skattestyrelsen (SKAT). According to a press release, the traders used an undisclosed Finnish exchange to collectively purchase and sell some $15. дальше »
2018-12-14 03:12 | |
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Ohio Technology Funds Announce $100M Support for Blockchain Startups
Recently, the CEO of Ohio-based nonprofit JumpStart Inc. announced that his company, along with six others, would invest vast sums of money into Ohio’s blockchain startups. дальше »
2018-12-3 19:32 | |
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Australian Taxpayers Have Paid $1 Million to Scammers Through Bitcoin ATMs Since July
The Australian Taxation Office (ATO) has used official channels to warn taxpayers of scammers who are fooling people into paying their taxes through Bitcoin ATMs to their accounts. As the deadline approaches on 21 November, the authority told the one million taxpayers, who will need to make a payment to the ATO, to be wary. дальше »
2018-11-15 03:00 | |
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Op Ed: In Defense of Bitcoin: A Response to Nouriel Roubini
Rhetorical style should never distract from the content of someone’s arguments. So when I heard that Nouriel Roubini testified to the U. S. Senate Committee on Banking, Housing, and Urban Affairs on the cryptocurrency and blockchain ecosystem, I decided to peruse his testimony and reflect on it. дальше »
2018-10-24 19:38 | |
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Congressional Committee Calls for Clearer Crypto Tax Code in Letter to IRS
In an open letter to the Internal Revenue Service (IRS), the U. S. House’s Committee on Ways and Means argues that the tax collection body is leaving investors in the lurch with its vague cryptocurrency tax codes. дальше »
2018-9-21 23:35 | |
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