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The Biden Administration Proposes Tax on Unrealized Capital Gains With ‘Build Back Better’ Plan
Treasury Secretary Janet Yellen has proposed a tax on unrealized capital gains. Speaking on CNN’s “State of the Union” over the weekend, Yellen said this new tax would be levied on the very wealthy. дальше »
2021-10-26 18:41 | |
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South Korea will not tax NFT gains even as it moves to tax crypto income
It is no longer news that South Korea is looking to start taxing crypto gains from 2022, however, the Asian country’s minister of Economy and Finance Hong Nam-ki has revealed that the proposed crypto tax law will not be applicable to non-fungible tokens (NFTs). дальше »
2021-10-8 19:00 | |
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South Korea Plans 20% Crypto-Tax From 2022, Will Exclude NFTs as Taxable
The country’s crypto tax rules that had been previously proposed have been accepted and will go into effect in 2022. As of now, non-fungible tokens (NFTs) are not included under the tax. The post South Korea Plans 20% Crypto-Tax From 2022, Will Exclude NFTs as Taxable appeared first on BeInCrypto. дальше »
2021-10-8 20:24 | |
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What is this French politician's solution to the country's crypto-tax regime
The mass adoption of cryptocurrencies is determined not just by an extension of the user base, but also by an inclusive policy and tax regime. A French politician has now proposed a relaxation in tThe post What is this French politician's solution to the country's crypto-tax regime appeared first on AMBCrypto. дальше »
2021-10-2 23:00 | |
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Cryptocurrency Tax Dispute in South Korea Reaches Boiling Point
South Korea’s crypto industry is currently in the midst of a significant dispute with the government as the topic of taxation continues to rage on. Following a possible delay in the government’s proposed tax code, a lawmaker has come out to declare that he won’t be backing down. дальше »
2021-9-18 18:06 | |
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US Senator says proposed crypto laws are a ‘huge mistake’
In one of the earliest opposition to the move to adopt the provision of a crypto tax provision in the $1. 2 trillion infrastructure bill, United States Senator, Mike Lee, has raised concerns that the move would send more citizens below the poverty benchmark line. дальше »
2021-8-10 19:00 | |
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Latest Cryptocurrency Tax Moves in the U.S. Explained
The IRS is again playing a good and a bad cope with Americans as ambiguous tax bills proposed by Senators have been met with mixed feelings in the cryptocurrency community. The post Latest Cryptocurrency Tax Moves in the U.S. Explained appeared first on BeInCrypto. дальше »
2021-8-9 18:00 | |
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Ted Cruz Makes Shocking Reveal About Effects Of New Crypto Tax Rules As Jack Dorsey Pleads With Senate To Reconsider
The U.S cryptocurrency community has spent the last week battling Congress over the proposed Bipartisan Infrastructure Bill that has a provision that defines “brokers” in the cryptocurrency industry as “any person who (for consideration) is responsible for regularly providing any service effectuating transfers of digital assets on behalf of another person.” Along with the crypto […] дальше »
2021-8-10 17:42 | |
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Yearn’s Builder-First Legal Activism DAO Gets Full Support as Crypto Regulation Heats Up
While the crypto community fights against the controversial bipartisan infrastructure bill that overreaches in its definition of the term “broker” in regards to crypto tax provision, popular decentralized finance project Yearn proposed funding a builder-first legal activism decentralized autonomous organization (DAO). дальше »
2021-8-9 03:13 | |
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Jack Dorsey has a 'workable simplification' for crypto tax provision
The lack of regulations in the field of cryptocurrencies once again emerged as a pain point when the United States government released its proposed tax provisions, as part of the Infrastructure Bill. дальше »
2021-8-9 01:00 | |
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Jack Dorsey Offers ‘Workable Simplification’ Regarding Crypto Tax Provision
Twitter co-founder and Square CEO Jack Dorsey has rejoined the ongoing discussion regarding the crypto tax provision proposed as part of the Infrastructure Bill. The post Jack Dorsey Offers ‘Workable Simplification’ Regarding Crypto Tax Provision appeared first on BeInCrypto. дальше »
2021-8-8 13:17 | |
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Musk on Proposed Crypto Tax Provision -‘Not the Time to Pick Winners or Losers in Crypto Technology’
Tesla CEO Elon Musk has weighed in on the discussion surrounding a proposed crypto tax provision. The provision, part of the infrastructure bill, will go to a vote on August 7. Meanwhile, United States senators Patrick Toomey, Ron Wyden, and Cynthia Lummis have suggested an amendment to that provision, working in favor of Proof of Work miners. дальше »
2021-8-7 13:34 | |
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Coinbase CEO Says Crypto Tax Bill ‘Could Have a Profound Negative Impact’
Brian Armstrong, CEO of Coinbase, had a lot of criticism for a proposed crypto tax provision and shared his thoughts Friday on social media. The post Coinbase CEO Says Crypto Tax Bill ‘Could Have a Profound Negative Impact’ appeared first on BeInCrypto. дальше »
2021-8-7 22:40 | |
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Amendment To Controversial Crypto Tax Rule Still Insufficient
Senators Rob Portman and Mark Warner proposed an amendment on Thursday to the crypto tax reporting rule that was tabled days earlier by the senate infrastructural bill’s cryptocurrency provision. The new amendment states briefly that the proposed reporting requirements exclude proof-of-work mining as well as the sale of software and hardware that support hot and […] дальше »
2021-8-7 16:55 | |
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US Infrastructure Bill’s Proposed Crypto Tax Puts Proof-of-Stake Platforms Under the Radar
The White House has made its stand on a newly introduced amendment to the Infrastructure Bill whereby it acknowledged it. Crypto advocates argue that the language in the legislation, which requires brokers of digital assets to report on crypto trading gains, is vague. дальше »
2021-8-7 15:00 | |
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“Bad For Bitcoin”: Congressman Warren Davidson Blasts Last-Minute Crypto Tax Insertion In Infrastructure Bill
As the U. S. Senate plans to hold a popular vote on the proposed infrastructure bill under which a last-minute cryptocurrency tax law was introduced, some believe that the whole bill is ill-fitted due to its vagueness and could prove colossal to the industry and by large, the U. дальше »
2021-8-1 16:55 | |
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South Korea to amend tax laws for addressing tax evasion by crypto investors
Cryptocurrency investors in South Korea may have to revisit their tax filings to include crypto earnings as the laws get stricter. The government of South Korea recently proposed a revision of its taxThe post South Korea to amend tax laws for addressing tax evasion by crypto investors appeared first on AMBCrypto. дальше »
2021-7-27 03:00 | |
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Biden Administration Proposing Collecting Data on Foreign Crypto Investors
This has been proposed as part of a global data sharing pitch that will help the US receive information from foreign governments on US individuals who are not reporting their crypto transactions and are dodging their US tax liabilities. дальше »
2021-6-3 16:13 | |
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Treasury Secretary Urges for More Aggressive Spending, President Biden Reveals $6T Spending Plan
While the crypto market is waiting for direction, Janet Yellen calls for more funding to run her agency and improve tax collection, while the proposed budget for the next fiscal year will bring US federal spending to the highest sustained level since World War II. дальше »
2021-5-27 20:21 | |
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Biden’s Administration Unveils Proposed Crypto-Tax Measures
As part of President Joe Biden’s new tax enforcement measure, the US Department of Treasury has introduced legislation to combat tax evasion involving cryptocurrencies. Treasury Proposes Measures To Prevent Crypto-Tax Evasion The U. дальше »
2021-5-21 22:19 | |
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US Treasury Unveils Biden’s Proposed Tax Measures — Cryptocurrency Transfers Over $10,000 to Be Reported to IRS
The U.S. Department of the Treasury has announced measures to crack down on tax evasion involving cryptocurrencies as part of President Joe Biden’s proposed tax compliance measures. Among the measures is a requirement for businesses that receive crypto assets with a fair market value of more than $10,000 to report transactions to the IRS. Treasury […] дальше »
2021-5-20 20:32 | |
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Survey: South Korean Investors Welcome Controversial Crypto Tax Law
A new survey has revealed that a majority of South Korean investors support the proposed crypto tax law set to be unveiled next year. 53. 7% Support Crypto Gains Tax According to a recent survey sponsored by local television station YTN, many South Korean crypto investors support the government’s move to tax crypto gains. дальше »
2021-5-4 19:43 | |
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South Korea’s Upcoming Crypto Tax Law Inevitable, Says Finance Minister
South Korea’s Minister of Economy and Finance has stated that the upcoming tax on cryptocurrency trading gains proposed by the government is inevitable. South Korea Not Going Back on Crypto Tax Policy According to Reuters on Tuesday, (April 27, 2021), Hong Nam-ki made the statement at a news conference when asked if the crypto taxRead More дальше »
2021-4-28 23:00 | |
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“Taxes Don’t Matter”: People Race To Bitcoin Because Of Government-Induced Inflation, Says Jimmy Song
A renowned Bitcoin developer and proponent Jimmy Song says the rising interest in Bitcoin is driven by Government-induced inflation. He said this in reaction to the recent news of a proposed tax increase by the Biden administration. дальше »
2021-4-24 23:16 | |
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Tax Concerns May Have Contributed to Bitcoin Dip
U.S. President Joe Biden has proposed almost doubling the capital gains tax for the wealthy, which may have contributed to bitcoin’s already sliding price. The post Tax Concerns May Have Contributed to Bitcoin Dip appeared first on BeInCrypto. дальше »
2021-4-24 19:40 | |
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Ohio senator wants clarity for crypto tax reporting in proposed bill
Senator Rob Portman said lawmakers were "still pulling in information" on crypto to formulate the bill, implying he announced it to the public prematurely. дальше »
2021-4-21 00:15 | |
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Kentucky to Pass Bill to Incentivize Cryptocurrency Mining
Kentucky is working on two proposed laws that aim to incentivize cryptocurrency mining. According to public records, there are two bills going through the state’s legislature, one of which is focused on tax incentives, and the other centers around extending the state’s clean-energy incentives to crypto miners if they pass the investment threshold of $1 […] The post Kentucky to Pass Bill to Incentivize Cryptocurrency Mining first appeared on BitcoinExchangeGuide. дальше »
2021-3-15 16:57 | |
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South Korean Lawmakers to Delay Cryptocurrency Tax Rule Implementation Till 2022
The South Korean lawmakers are reportedly making plans to push a three-month delay on the imposition of a tax law amendment bill that the government had proposed on virtual currencies. The bill aims to impose income tax on investments in cryptocurrencies like Bitcoin, ETH, and the likes and have been enforced to commence from October […] дальше »
2020-11-26 00:23 | |
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Korea’s National Assembly Suggests Delaying Income Tax Rule on Crypto Assets to Jan 2022
South Korean lawmakers have allegedly proposed to delay the upcoming income tax rule on crypto-assets by three months from its scheduled commencement date in October 2021. According to the Dong-a Ilbo, a South Korean media which first reported this news, the law might come into effect later in January 2022. дальше »
2020-11-26 20:59 | |
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Russia proposes amendments to its tax law to clarify crypto regulation
The Russian Ministry of Finance intends to make amendments to its tax law in a bid to clarify regulations surrounding crypto taxation. The ministry unveiled this news on November 11 through an article, noting that the proposed changes are necessary for the implementation of the rules embedded in the law on digital financial assets and digital currencies, which the country adopted in the summer of 2020. дальше »
2020-11-14 16:47 | |
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Bitcoin Proponents Bemoan Joe Biden’s Proposed Capital Gains Hike
The U. S. presidential election is only 14 days away, and a number of bitcoin proponents have been discussing the capital gains tax implications Joe Biden plans to invoke if he wins the American presidency. дальше »
2020-10-21 00:15 | |
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A new Israeli draft proposes exempting Bitcoin from taxation
A new proposal by the Israeli lawmakers might have a massive impact on Bitcoin, as the recent draft proposed to start treating the coin as a currency. If the proposal ends up becoming law, Bitcoin will officially be exempt from tax purposes. дальше »
2020-9-26 11:55 | |
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Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New Law
Israeli lawmakers have proposed in a draft new law to treat bitcoin as a currency instead of an asset for tax purposes, local media reported. According to a report from Globes, four legislators from the Yisrael Beiteinu political party presented the Income Tax Ordinance (Taxation of the Sale of Digital Currencies) bill in the Israeli […] The post Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New Law appeared first on Bitcoin News. дальше »
2020-9-26 02:00 | |
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Russian Crypto Investors To Face Up To Three Years In Jail If They Fail To Report Wallet Balances To Tax Authorities
Cryptocurrency investors convicted in Russia for failing to declare their wallet details could face up to three years in jail, we can reveal today. They will also be liable to pay hefty fines as part of the punishment for breaching the new law proposed by the country’s finance ministry. дальше »
2020-9-26 17:53 | |
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Pro-Bitcoin Poker Player Mike McDonald Trolls Peter Schiff on Ignoring BTC as California Proposes Wealth Tax
Gold advocate Peter Schiff comments on the new wealth tax proposed in California, bringing a trolling response from Mike MacDonald for preferring gold over Bitcoin дальше »
2020-8-15 15:49 | |
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Kazakhstan Proposes 15% Tax on Bitcoin Mining to Help Combat Coronavirus
Kazakhstan has proposed legislation that would see a 15% tax imposed on bitcoin mining firms. This is part of efforts to raise money to help with the fight against the coronavirus pandemic. Proposed by the country’s Ministry of Economy, the new tax plan requires bitcoin (BTC) miners to first file an application for registration with […] The post Kazakhstan Proposes 15% Tax on Bitcoin Mining to Help Combat Coronavirus appeared first on Bitcoin News. дальше »
2020-8-12 05:00 | |
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India Proposes Amnesty for Citizens Holding Unreported Gold
The Indian Ministry of Finance has reportedly proposed an amnesty program for citizens holding unreported gold. The government plans to ask people to declare all their gold stashes to tax authorities and pay levies. дальше »
2020-8-2 19:30 | |
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South Korea to Implement 20% Income Tax on Crypto Gains After Finalizing on New Tax Code
South Korea's government has tabled its final proposed tax code on cryptocurrencies with the tax rule set to be implemented from October 2020. The new tax rule will see a 20% income tax on crypto gains take effect as South Korea's government scales its effort to capture digital asset revenue. The final documentation was agreed […] дальше »
2020-7-22 18:59 | |
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IRS Tells Couple With $7 Million in Bitcoin to Liquidate Crypto Assets and Pay off Tax Debt
The Internal Revenue Service (IRS) has won a case in which it demanded that a Maryland couple liquidate their bitcoin to pay-off a $1. 1 million tax debt. Alexander and Laura Strashny proposed to the IRS to pay their 2017 tax liability, generated from non-crypto activities, in installments over a six-year period. дальше »
2020-6-18 00:05 | |
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Japan’s finance minister hints he may oppose lower taxes for crypto
The minister argues that the proposed tax levels will not encourage investment into cryptocurrencies... The post Japan’s finance minister hints he may oppose lower taxes for crypto appeared first on Coin Journal. дальше »
2020-6-2 14:44 | |
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Roger Ver Withdraws Support for Proposed Bitcoin Cash Miner Tax
Bitcoin Cash (BCH) proponent and former Bitcoin (BTC) evangelist, Roger Ver has withdrawn support for a proposed Bitcoin Cash miner tax following backlash from several BCH miners and investors. Bitcoin Cash Miner Tax Won’t Work Without Consensus In a blog post published by Bitcoin. дальше »
2020-1-29 16:00 | |
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Roger Ver’s Bitcoin.com Mining Pool Pulls Out Of Bitcoin Cash Tax For Development Fund
Bitcoin. com, a mining pool associated with Roger Ver, has announced it has withdrawn its support for the proposed BCH development fund which has been controversial among BCH miners due to insufficient consultation in the community. дальше »
2020-1-29 23:19 | |
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