US Congressman Seeks Tax Clarity for Cryptocurrencies

2019-6-7 22:56

A U.S. congressman proposed tax breaks for cryptocurrencies, arguing that current IRS codes are unreasonably demanding and deterrents to blockchain businesses

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Источник: cointelegraph.com

tax cryptocurrencies → Результатов: 126

Denmark to Revise Tax Law to Target Cryptocurrencies

The Danish tax ministry is reportedly mulling over revising the country’s tax law to deal with the challenges posed by cryptocurrencies. Denmark’s tax authority is concerned about the rising risk of fraud and widespread filing errors involving cryptocurrencies.

2021-6-10 05:00
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South Korea deepens probe on tax evasion via cryptocurrencies

South Korea’s tax authority is going after individuals hiding their assets in cryptocurrencies as a way of avoiding tax payments.

2021-3-15 12:18	South Korea
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Spanish Treasury Releases Guidelines to Minimize the Risk of Tax Evasion With Cryptocurrencies

The State Agency for Tax Administration of Spain published guidelines to reduce tax evasion for cryptocurrencies, such as bitcoin. The document is part of the general program of the so-called Annual Tax and Customs Control Plan.

2021-2-5 04:30
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Crypto Gets Swept Up in International Tax Evasion Crackdown

By CCN: An international tax evasion authority comprising five major global economic powers is taking cryptocurrency seriously. A year ago, five world powers created the Joint Chiefs of Global Tax Enforcement, or J5, with a particular interest in cryptocurrencies.

2019-6-6 21:30	Australia
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Japan Unleashes 200 Tax Specialists to Chase Undeclared Cryptocurrency Gains

By CCN: Japan is adding to its impressive compliance charge on cryptocurrencies by honing in on tax evasion. Through more stringent laws tracking cryptocurrencies, the Asian country will gain better access to data from exchanges.

2019-6-6 15:52	Japan
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Bitcoin Is An Asset, Not A Currency, According To Israeli Courts Regarding Crypto Tax Legal Case

Bitcoin Is An Asset, Not A Currency, According To Israeli Courts In Israel, a court ruled that Bitcoin and other cryptocurrencies are considered assets, rather than currencies. Founder of DAV. Network will be forced to pay over $830,000 in taxes from his revenue incurred between 2011 and 2013.

2019-5-22 22:08	Legal & Regulation
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US Tax Authority Prioritizes Issuing Guidance on Cryptocurrencies

The U.S. IRS states that the agency “made it a priority” to issue relevant guidance on cryptocurrency taxation

2019-5-21 00:40	Cryptocurrencies
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Congressman Brad Sherman Calls For US To Ban Crypto

In his remarks, Representative Sherman stated cryptocurrencies would disempower US foreign policy and destroy tax collection and law enforcement management.

2019-5-10 19:20	law and legislation
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Bitcoin-Bashing Democrat Calls for Blanket Ban on Cryptocurrencies

By CCN: Bitcoin-bashing Democrat Congressman Brad Sherman is urging his colleagues to pass a law that would ban cryptocurrencies in the United States. “I look for colleagues to join with me in introducing a bill to outlaw cryptocurrency purchases by Americans, so that we nip this in the bud.

2019-5-10 06:58
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KPMG States: Out of 1,500+ Cryptos; Bitcoin, Ripple, Ethereum, & IOTA are the “Most Important”

There are four most important cryptocurrencies viz Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), and IOTA (MIOTA) as per KPMG’s insight blog titled, “Cryptocurrencies: Do they matter to corporate treasuries?” One of the Big Four auditors KPMG is a network of professional service firms that provides tax, advisory, and financial audit services. With large companies like […]

2019-5-5 18:16	Bitcoin Innovation
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Fintech-Related Lobbying Attracted $42 Million in Q1 2019

In a bid to carry out their agendas, crypto firms have turned to lobbying. Citing statistics from the Federal Electoral Commission (FEC), news platform Roll Call reported that fintech firms spent $42 million as lobbying expenses in Q1 in 2019 alone.

2019-5-3 18:27	Adoption & community
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Australian Tax Authorities Collect Crypto Data to Verify Tax Compliance

The Australian Taxation Office (ATO), on April 30, 2019, announced that they were collecting trading records from designated service providers (DSPs) to ensure that cryptocurrency traders were presenting accurate income statements and not cutting out on taxes.

2019-5-2 13:00	Taxes
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Australia’s taxman is clamping down on cryptocurrency traders

Australia is clamping down on the taxation of cryptocurrencies. The country’s tax office is collecting bulk records from Australian cryptocurrency service providers as part of a data matching scheme to make sure traders are paying the correct amount of tax.

2019-4-30 13:34	hard fork
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The Bait Of PoS Tokens And Why Taxing Them Can Easily Lead To A Negative Balance

The Bait Of PoS Tokens And Why Taxing Them Can Easily Lead To A Negative Balance Apparently, the lure of PoS cryptocurrencies yielding annual rewards seems to be another farfetched fallacy and a huge tax burden.

2019-4-30 23:01	Proof of Stake
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Cryptocurrency Around the World: Regulations, Taxes, Mining & Others

Coinspeaker Cryptocurrency Around the World: Regulations, Taxes, Mining & OthersThis report is going to cut down the lack of information about cryptocurrencies. Find out comprehensive information about countries attitudes and regulations, tax politics, technologies, and mining.

2019-4-27 10:18	Mining
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Op Ed: We Just Launched the First Cryptocurrency-to-Tax Payment Partnership

Andrei Poliakov is the CEO and co-founder of Coinberry, one of Canada’s premier digital currency platforms. His company is the first in Canada to partner with a government municipality.

2019-4-23 17:42	Adoption
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All you Need to Know about the Token Taxonomy Act

The tax treatment of cryptocurrencies has been a matter of constant back and forth since their inception. On one end, regulators argue that digital currencies are no different than traditional equity stocks which put them in the same bag as government-approved securities.

2019-4-18 09:00	Taxes
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Tax On Crypto: Are You Prepared?

Coinspeaker Tax On Crypto: Are You Prepared?Professional tech writer and blogger, Katrina Hatchett takes a look at key tax implications of dealing with cryptocurrencies.Tax On Crypto: Are You Prepared?

2019-4-13 09:34	IRS
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Cryptocurrency Tax Software CryptoTrader.Tax Announces Integration with TurboTax

According to a press release published April 4, 2019, Missouri-based tech start-up, CryptoTrader. Tax has successfully integrated with commercially successful tax software Intuit TurboTax. File Crypto Taxes in Minutes Many would agree that doing taxes is a tedious and complicated process.

2019-4-6 21:00	Taxes
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Data Shows Short-Term Crypto Tax Filers Increase, But Lots of Investors Still Won’t File

According to personal finance firm Credit Karma Tax, filers who reported short-term capital losses for cryptocurrencies in the first month of 2019 jumped fivefold year-over-year. After the incredibly bearish crypto markets of 2018, data from early tax filers highlights the fact that more investors are claiming losses this tax season.

2019-4-3 21:30
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Get Crypto Tax Offers a Faster, Hassle-Free Solution to Filing Your Crypto Taxes

District of Columbia, USA. 1 April 2019. – Get Crypto Tax is offering its expertise to anyone that wants to report capital gains on cryptocurrencies. Everyone understands the complicated paths around filing taxes.

2019-4-1 20:00	Press releases
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Tax Time: How To Report Earnings From DeFi Protocols

Tax season is here again, and if you’re lucky, you might have some gains to report. Most people are becoming more familiar with the tax implications of trading crypto, but some aspects are still totally unexplored.

2019-3-30 19:51	tax
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Canada: Property Tax Payable with Bitcoin in Ontario Town

Innisfil, a town in Ontario, Canada, is ready to embrace digital currencies after its council voted in favor of a one-year cryptocurrency pilot project which will enable people to pay property taxes with bitcoin (BTC), reports CBC, March 28, 2019.

2019-3-30 22:00	QuadrigaCX
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Op Ed: Answering 10 Common Questions About Cryptocurrency and Taxes

Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, specifically, but similar issues arise around the world.

2019-3-29 18:20	Op-ed
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Exclusive: Indian Bitcoin Users in the Dark Over Their Tax Liabilities

There is no doubt that India is among the most disoriented country when it comes to bitcoin regulations. When the Reserve Bank of India merely withdrew banking access to entities dealing in cryptocurrencies, the general public opinion misinterpreted it as an outright crypto ban.

2019-3-25 16:39	Bitcoin
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Canadian Federal Tax Agency Targets Bitcoin Investors

The Canada Revenue Agency (CRA) has apparently been specifically targeting bitcoin and crypto investors as part of its broader tax strategy to keep tabs on their cryptocurrency investments, including how they purchase these assets.

2019-3-9 23:53	Regulation
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Canada’s tax agency asks cryptocurrency investors for 10 year trading history

Canada’s tax agency is reportedly cracking down on cryptocurrency investors in the country. Multiple sources have confirmed that cryptocurrency holders have been targeted with audits by the Canada Revenue Agency (CRA), according to Forbes.

2019-3-7 20:14	hard fork
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Ernst and Young Unveils Crypto Tax Accounting Tool to Help You Pay Bitcoin Taxes

Unless you’re tax-evading bitcoin bull John McAfee, this is the time of year when Americans begrudgingly prepare to file their tax returns. To streamline this process, Big Four accounting firm Ernst & Young introduced a cryptocurrency tax tool.

2019-3-6 01:05	John McAfee
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Ernst & Young Introduces Tax Tool for Reporting Cryptocurrencies

Ernst & Young has launched a new product for accounting and tax reporting on crypto assets

2019-3-5 03:25
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Camuso CPA Review: Cryptocurrency Tax Preparation and Trade Tax Planning

Camuso is a CPA firm with a tax preparation division that aims at enhancing the growth of the cryptocurrency industry by providing tax, finance, and accounting services that cater for investors, miners, taxpayers and small businesses that deal in cryptocurrencies.

2019-3-2 22:41	Blockchain Technology
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Indian Supreme Court Gives Government Deadline to Reach Decision on Crypto Regulations

The Supreme Court of India made a decision on February 25, 2019, to present the government with an ultimatum: Develop crypto regulations within the next four weeks or the court will make its own judgement.

2019-2-26 22:02	Regulation
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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.

2019-2-22 01:23	Adoption & community
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Crypto Tax Season: What you need to know

The basics to keep in mind when filing your tax returns involving cryptocurrencies this year. From the CMC Editorial Desk: It’s… taaaax season. Before you panic, what do you need to know as you’re filing returns on your crypto? Find […] The post Crypto Tax Season: What you need to know appeared first on CoinMarketCap.

2019-2-21 16:00
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Bitfury Partners With R&D Firm to Launch Crypto Mining Center in Paraguay

Blockchain firm Bitfury will develop a bitcoin mining center in Paraguay. The new mining operation is in partnership with Seoul-based research and development firm Commons Foundation.

2019-2-8 23:32	Bitcoin
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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.

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.

2019-2-1 05:21	Trading & Investing
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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.

2019-1-30 20:59	News
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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 […]

2019-1-30 16:23	News
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Crypto Mining Could Bring Russia $1B in Taxes, Report Suggests

Using its excess energy generating capacity to mine cryptocurrencies, Russia can increase its budget receipts by more than $1 billion dollars in annual tax revenue. The estimate comes from a report that also calls for the establishment of a Russian crypto valley.

2019-1-29 11:08	Taxes
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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.

2019-1-28 19:54	News
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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.

2019-1-28 00:00	Crypto
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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.

2019-1-27 01:00	Taxes
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Indiana, New Hampshire May Be Next to Accept Cryptocurrencies for Taxes

2019-1-27 01:00	Taxes
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These Tools Will Help You Calculate Your Crypto Taxes

Filing taxes can be tricky and in jurisdictions like the United States is notoriously complicated. But when cryptocurrencies are added to the equation things start to get even harder. Many aspects of the reporting of crypto income and profits are not yet clearly defined.

2019-1-26 23:50
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Understanding the IRS and Cryptocurrency: Penalties, Tax Evasion, and Compliance

Delinquent federal and state tax filings or unreported 2017 or prior tax years’ transactions may force taxpayers dealing in crypto to liquidate significant positions in cryptocurrencies at lower values to pay outstanding tax liabilities to the IRS, including interest and penalties.

2019-1-25 14:30	Taxes
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Ministry Of Law In Singapore Says Cryptocurrency Is Not Legal Tender, Warning Companies Accepting Bitcoin Payments

Singapore Law Ministry Announces The Cryptocurrency Is Not Considered Legal Tender, Warning Companies Not To Accept As Payment Cryptocurrencies have been working to find their place in various jurisdictions as countries around the world categorize them for tax purposes, payments, and more.

2019-1-24 22:08	News
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Navigating Crypto Taxes: The Year In Review

2018 was a difficult year for cryptocurrencies. With the total market capitalization of all cryptos falling from over $800 billion to just over $100 billion in the space of a year, many enthusiasts and traders are now filing losses on their 2018 tax returns.

2019-1-25 20:59	US regulation
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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 […]

2019-1-24 12:41	News
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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.

2019-1-24 20:28	Regulation
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South Korea mulls delaying 20% crypto tax amid local pressure

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Korea’s crypto community warns 20% tax on gains could devastate market

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Florida lawmaker pitches ‘Bitcoin for Taxes’ bill

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2019-6-7 22:56

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