Blockpit ICO (TAX Token): Cryptocurrency Tax Auditing & Reporting Solution

2018-7-7 20:25

The average cryptocurrency user trades or holds assets on around 4 to 5 different digital currency exchanges and wallets simultaneously. Thus, keeping track records for tax purposes becomes increasingly difficult. In most European countries such as Germany, France and the United Kingdom, capital gains from cryptocurrency trading, mining, airdrops and forks are taxable and must be reported to the authorities.

Founded in 2017 by Florian Wimmer, Blockpit makes crypto tax reporting easy for everyone. His team and he are closely collaborating with tax experts from one of the world’s Big Four auditors, KPMG. They are set out to develop a web-based application which should become the European standard for automated crypto tax reporting. Subsequently, they will be tackling jurisdictions all over the world.

The vision is to allow Blockpit’s users to automatically combine all their trades, wallets, mining rewards and other incomes such as airdrops into one dashboard. The dashboard provides a clear overview on what was realized in gains to report to tax authorities.

Features of Blockpit Unify your monitoring: Combine all your trades, wallets, mining rewards and other income into one dashboard. Get a real-time overview of your portfolio development, holdings and information on taxable profits, speculative periods and more. Avoid Financial Fraud: Have a clear overview on what you really have to report to the authorities of your country. Get a tax report from your complete transaction history, which is legally approved by one of our partners. Alerts and Hints: Set alerts for certain events, like value change of a coin, milestones in your portfolio or upcoming forks. You can also enable “tax hints” to get notifications adjusted to your portfolio, seasonal events and country of residence. Upcoming token private sale

Currently, the company is conducting a three million Euro private sale of its TAX utility token. For each 0.10 Euro contributed during the private sale, participants will get 1.5 TAX token, including a 50 % private sale bonus.

The company anticipates to raise up to a total of 12.5 million Euro through a public token offering later this year. In order to promote the token sale CEO Florian Wimmer is presenting Blockpit on pitching stages throughout Europe. Amongst other achievements, Blockpit is the pitch contest winner of crypto investor and influencer Ian Balina’s Paris Crypto World Tour stop.

The token sale is available on https://tokensale.blockpit.io/ .

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Èñòî÷íèê: bitcoinexchangeguide.com

tax cryptocurrency → Ðåçóëüòàòîâ: 36


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How to Navigate the Minefield of Cryptocurrency Taxation

National tax agencies have recently made it clear that the long arms of the law will be wielded to ensure bitcoiners pay the appropriate tax on their earnings. Motivated by surging interest in crypto, authorities are cracking the whip and instilling fear in those who have, until now, dismissed the notion that they might be […] The post How to Navigate the Minefield of Cryptocurrency Taxation appeared first on Bitcoin News.

2019-11-23 02:00


Ôîòî:

Global cryptocurrency task force closes in on sophisticated tax cheats

A global sweep of cryptocurrency tax avoidance schemes is imminent, with the number of active lines of inquiry set to nearly double – or so says a coalition of money laundering investigators from the US, Australia, Britain, Canada, and the Netherlands J5, a team of five countries formed by the US Internal Revenue Service to fight cryptocurrency-powered crimes such as tax fraud, has 60 open investigations, but the Sydney Morning Herald reports it’s now considering additional 50.

2019-6-6 14:40


Cryptocurrency Sought of as a Solution to Issues Surrounding Cannabis Tax Payments

Around this time of the year, many tax deadlines for many states and countries around the world seem to be fast approaching. Because this is going on in many places, people are naturally thinking about tax and whether cryptocurrency has any effects on the calculation and collection of tax. In some places, cryptocurrency investments became […]

2019-3-8 02:57


Ôîòî:

Japan Looks to Ease Tax Reporting of Cryptocurrency Gains and Profits

To establish a seamless tax reporting mechanism for cryptocurrency gains in Japan, the Japanese Tax Commission held a debate on October 17, 2018, per a report by the local media outlet Sankei News. Standardization of Tax Filing Process According to the report published, the Japanese Tax Commission is contemplating ways by which gains or profits on cryptocurrency trading can be.

2018-10-20 22:00


File your crypto taxes with TokenTax

Filing taxes has always been a headache. To be absolutely sure of including all the data, computing everything to the point, and calculating each figure correctly gets troublesome. It is only so troublesome in fiat money, can you imagine what it would be like to file cryptocurrency tax? Aren’t cryptocurrencies tax-free? Yes and no.

2018-6-11 16:38

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