2022-3-26 20:58 |
Nischal Shetty, one of the most prominent figures in India’s crypto industry, talks candidly and at length about what’s at stake with the country’s new tax provisions. origin »
Bitcoin price in Telegram @btc_price_every_hour
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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. …
2023-8-26 21:56 | |
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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.
2021-5-21 23:00 | |
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Kenya Revenue Authority (KRA) has announced new regulations that compel users of digital marketplaces to pay digital tax. At a rate of 1. 5% on gross transaction value, the new tax is expected to take effect on Jan.
2020-8-8 12:50 | |
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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.
2019-3-12 00:49 | |
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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.
2019-3-10 21:15 | |
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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.
2019-3-7 00:42 | |
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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.
2019-3-7 00:21 | |
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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.
2019-3-6 14:15 | |
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The professional services giant has launched a product to help clients automate their cryptocurrency accounting and tax calculations.
2019-3-5 13:00 | |
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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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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.
2019-3-5 00:52 | |
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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 […]
2019-3-5 00:38 | |
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A new bill in the California State Assembly would allow tax payments from cannabis-related businesses in stablecoins
2019-3-1 03:55 | |
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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.
2019-3-1 20:16 | |
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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.
2019-2-28 17:53 | |
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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.
2019-2-27 14:58 | |
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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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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.
2019-2-20 15:00 | |
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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 […]
2019-2-18 21:08 | |
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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.
2019-2-18 16:00 | |
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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.
2019-2-18 00:30 | |
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Writing for Foreign Policy, David Gerard levies the following taunt: “Forget Bitcoin, try your mattress – cryptocurrency is about as safe as keeping your money in a sock under someone else’s bed.
2019-2-18 21:45 | |
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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.
2019-2-16 01:07 | |
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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.
2019-2-15 22:18 | |
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The Japan Association of New Economy has asked the country’s financial watchdog to reduce taxes on crypto
2019-2-15 21:18 | |
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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.
2019-2-15 19:51 | |
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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.
2019-2-15 19:58 | |
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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 […]
2019-2-9 17:48 | |
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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.
2019-2-9 05:21 | |
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A New Hampshire bill to let the state accept taxes in the form of cryptocurrency has passed its first legislative hurdle.
2019-2-9 00:05 | |
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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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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.
2019-2-5 22:00 | |
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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.
2019-2-5 16:41 | |
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TurboTax Online, a U.S. tax preparation software, adds crypto tax calculation to its services
2019-2-5 22:11 | |
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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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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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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.
2019-1-26 16:14 | |
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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.
2019-1-26 00:00 | |
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U.S.-based crypto exchange Coinbase has added new resources for users on how to claim crypto transactions on their yearly taxes
2019-1-25 03:05 | |
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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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A New Hampshire bill would require state agencies to accept cryptocurrency as payment for fees and taxes.
2019-1-24 00:21 | |
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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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Whenever I claim that bitcoin is the only decentralized cryptocurrency, I get one of two arguments:My X coin is also decentralized. Bitcoin isn’t decentralized because of Core and/or miners.
2019-1-21 21:52 | |
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The Labour government said the bill will give owners of bitcoin and other digital assets greater legal protection.
U.K. Prime Minister Keir Starmer appointed Tulip Siddiq as the City Minister, a role that oversees financial services including crypto.
Taiwan's crypto advocacy body, the Taiwan Virtual Asset Service Provider Association, has been formally established and the founding meeting held with 24 cryptocurrency-related entities.
The exchange could return as a FIU-registered firm after paying the fine, the report added.
This is the third test for the Province's new tool to combat money laundering.
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.