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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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’s tax authority is going after individuals hiding their assets in cryptocurrencies as a way of avoiding tax payments.
2021-3-15 12:18 | |
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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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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 | |
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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 | |
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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 | |
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The U.S. IRS states that the agency “made it a priority” to issue relevant guidance on cryptocurrency taxation
2019-5-21 00:40 | |
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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 | |
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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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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 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 | |
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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 | |
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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 | |
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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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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 | |
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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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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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Аналог Notcoin - Blum - Играй и зарабатывай Монеты
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Can you take advantage of tax loopholes to avoid paying taxes on your digital currency exchanges? See three of the most common ones and why they don't work. The post 3 Common Cryptocurrency Tax “Loopholes” and Why They Don’t Work appeared first on CoinCentral.
The IRS published a draft version of its 1099-DA reporting form and controversially included unhosted crypto wallets among its targets on April 19. Ji Kim, Chief Legal and Policy officer at the Crypto Council for Innovation, wrote that the IRS’ approach is “unfortunate” as it does not recognize that unhosted wallet providers lack knowledge about […] The post IRS draft tax form for crypto defines unhosted wallets as brokers appeared first on CryptoSlate.
IRS criminal investigation chief Guy Ficco told CNBC on April 12 that taxpayers are increasingly committing tax crimes involving crypto. Ficco said the IRS has seen an increase in “pure crypto tax crimes” that fall under Title 26 of the US Code, which includes federal income tax violations.
Earnings already subject to the 15% capital gains tax don't need to be included when calculating income taxes.
The Biden administration released its proposed budget for 2025 on March 11, which includes provisions to implement a series of regulatory measures targeting digital assets. The proposed rules are expected to generate nearly $10 billion in additional tax revenue by 2025.
Indonesia witnessed a notable downturn in its crypto tax revenue in 2023, plunging by 62% compared to the previous year, despite the surge in Bitcoin's value.
In a strategic move ahead of the upcoming general elections, South Korea’s ruling party, the People Power Party (PPP), has announced plans to push for a further two-year delay in the implementation of crypto taxation, local media reported Feb.