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Majority of Countries Need far Clearer Tax Guidance on Crypto Staking: US Library of Congress
While there have been some impressive progress in the furthering relationship between cryptocurrencies and state governments, there is still a ways to go. According to the United States' Library of Congress, this assessment published a thorough 124-page report this month. дальше »
2021-2-5 21:30 | |
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US Library of Congress report highlights proof-of-stake tax blindspot
The taxman still isn't wise to cryptocurrency earnings made through proof-of-stake. But that could change soon.
дальше »2021-2-5 17:26 | |
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MicroStrategy CEO addresses FUD over tax issues for Bitcoin investors
MicroStrategy’s Michael Saylor recently made bullish statements about Bitcoin in a recent interview. While reiterating the personal custody features of the asset, the CEO asserted that even if somebThe post MicroStrategy CEO addresses FUD over tax issues for Bitcoin investors appeared first on AMBCrypto. дальше »
2021-1-26 23:30 | |
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Kentucky Wants to Be a ‘National leader’ in Crypto Mining, Offers Tax Exemptions
On Jan 8, two legislators in Kentucky have recently submitted a bill that aims to make the US state a very attractive option for cryptocurrency miners in the form of tax breaks. Kentucky Crypto Mining Bill The proposal was submitted to the General Assembly, which would see Bitcoin and other cryptocurrency miners enjoy some taxRead More дальше »
2021-1-13 14:00 | |
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Crypto Tax Automation Startup TaxBit Secures Investment from Paypal, Coinbase, and Winklevoss Capital
According to an announcement on Thursday, Paypal, Coinbase, and Winklevoss Capital have invested in crypto tax automation startup TaxBit. The tax compliance startup seems to gain traction from prominent players in the crypto industry. дальше »
2021-1-9 23:11 | |
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South Korean Government to Start Taxing Crypto Trading Profits in 2022
The South Korean government has issued an amendment to introduce tax on cryptocurrency trading profits. The plan is now a reality after several attempts to delay it by lawmakers. New Rules Impose 20% Tax on Crypto Profits Per Asia Today, the legislative notice details that the amendment will be enacted in February, and profits from […] дальше »
2021-1-9 13:15 | |
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Best Cryptocurrency Tax Software For 2021 – Complete Guide to Bitcoin Taxes
Crypto tax calculator was not even a term back in the crazy days of crypto in 2017. Suddenly, news of people getting rich overnight grabbed everyone’s attention. Naturally, the government didn’t fall on deaf ears and has shown a significant interest in the crypto markets. дальше »
2021-1-8 23:22 | |
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South Korea Finalizes New 20% Tax Regime on Crypto Starting in 2023
South Korea has been working towards a suitable tax system for crypto trades and profits for a while now, with different proposals and deadlines. However, after much deliberation, the government has now put forth a viable tax plan for crypto gains. дальше »
2021-1-8 22:55 | |
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Coinbase and PayPal Invest in Crypto Tax Reporting Tool TaxBit
The firm provides a platform for automated tax reporting for both cryptocurrency users and companies. Thanks to their legal status as property in the US, every time an individual spends or trades a cryptocurrency, they’re potentially triggering a taxable event. дальше »
2021-1-7 19:03 | |
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IRS Updates Tax Requirements for Cryptocurrency Owners
The U. S. Internal Revenue Service (IRS) has updated its instructions for disclosing crypto activities. The update provides clarification on who must answer “yes” to the IRS’ crypto question and when it is appropriate to select “no” as the answer. дальше »
2021-1-7 13:30 | |
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Kenya Expects to Earn $46 Million as New Tax Targeting Crypto Exchanges Comes Into Force
The Kenya Revenue Authority (KRA) is expecting to earn up to 5 billion Kenyan shillings ($45. 5 million) during the first half of 2020 from a new tax that targets cryptocurrency exchanges and other online services, according to a top KRA official. дальше »
2021-1-7 07:30 | |
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IRS’s Increasing Enforcement of Tax on Crypto
With the crypto summer underway, one of the concerns that many traders, HODLers, miners, lenders, and stakers might have is how to report their gains and losses to the tax agencies. The Internal Revenue Service (IRS) in the US is determined to make crypto users pay their fair share of tax. дальше »
2021-1-6 17:50 | |
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IRS: Tax filers must check ‘yes’ on the crypto question
The US IRS (Internal Revenue Service) recently released revised draft instruction for the country’s tax filers. The tax agency used the opportunity to remind the country’s citizens that crypto users need to admit their dealings with digital currencies when filling up the IRS tax forms. дальше »
2021-1-5 13:28 | |
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India: Finance Ministry Proposes Bitcoin Tax Law
Despite little progress on crypto regulations, India’s government might impose a Bitcoin tax law as part of efforts to boost national income. Crypto taxation is becoming more frequent among several countries around the world as virtual currencies continue to gain broad-based popularity. дальше »
2020-12-30 22:00 | |
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India to introduce an 18% Bitcoin trading tax
Less than a year ago, India’s Supreme Court decided to overrule the central bank’s decision to forbid all other banks in the country to serve crypto businesses. With this rule revoked, the country’s crypto industry began to flourish, which led the government to the idea of introducing crypto taxes. дальше »
2020-12-29 14:56 | |
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Indian Government Considers 18% Tax on Bitcoin Transactions
This new tax would clock in at 18% per transaction. Indian tax authorities are estimating this new tax could be applied to almost 40,000 crores per year. This equates to almost $5. 5 billion in countrywide Bitcoin transactions. дальше »
2020-12-29 14:41 | |
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India considers proposal to tax Bitcoin transactions at 18%
The Indian Government has moved towards potentially implementing a tax of 18% on Bitcoin trading in the country. According to reports, the central government is currently weighing a proposal to impThe post India considers proposal to tax Bitcoin transactions at 18% appeared first on AMBCrypto. дальше »
2020-12-29 09:30 | |
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The Israel Tax Authority renews its interest in crypto taxation
The Israel Tax Authority has started targeting Israelis that own cryptocurrencies in a bid to enlarge the country’s revenue. A report disclosed this news on December 23, noting that the agency is pushing for the disclosure and taxation of all crypto assets owned by Israeli citizens. дальше »
2020-12-28 17:30 | |
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Israeli Tax Authority Reportedly Mandates Crypto Holdings Disclosure for Investors
The Israeli tax watchdog is tightening the noose around crypto holders. Report Says Crypto Disclosure to Be Made Compulsory While the cryptocurrency markets continue their unprecedented rise with bitcoin (BTC) hitting new all-time-highs almost every passing day, the tax watchdogs around the world have developed a keen interest in the burgeoning industry. According to aRead More дальше »
2020-12-29 14:00 | |
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Israeli Tax Authorities Notify Cryptocurrency Owners to Disclose Their Holdings for Taxation Purposes
The revenue collector, the Israel Tax Authority (ITA) has reportedly sent notifications to dozens of Israelis who own digital currencies asking them to fully disclose their assets and be taxed accordingly. дальше »
2020-12-27 10:00 | |
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Tax justice for crypto users: The immediate and compelling need for an amnesty program
A crypto tax amnesty program could be the fairest way for achieving tax compliance and collection on crypto transactions.
дальше »2020-12-21 02:33 | |
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Crypto Founder Faces 10 Years in Prison Over Millions of Dollars in Exit Scam Without Paying Taxes
A cryptocurrency founder has been arrested and is facing up to 10 years imprisonment for tax evasion after running an exit scam. He allegedly made millions of dollars from his cryptocurrency and used an elaborate scheme to avoid paying taxes. дальше »
2020-12-13 05:55 | |
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Bitcoin Is Going Through the Roof in Argentina While the Government Imposes New Taxes
Argentina’s Senate approved an extraordinary one-time wealth tax to fight the coronavirus pandemic by seeking to boost government revenue and targeting millionaires with assets of more than 200 million pesos ($2. дальше »
2020-12-11 09:05 | |
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Oyster Protocol founder arrested; accused of operating multimillion-dollar tax evasion scheme
Founder of the now-defunct cryptocurrency scheme Oyster Protocol, Amir Burno Elmaani, has been arrested and charged by the US Department of Justice (DoJ) for a “multimillion-dollar tax evasion schemThe post Oyster Protocol founder arrested; accused of operating multimillion-dollar tax evasion scheme appeared first on AMBCrypto. дальше »
2020-12-11 22:00 | |
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US DoJ charges tax evading ICO superstar who spent $10m on private yacht
The founder of a high-flying ICO was charged by authorities in the US yesterday on charges of a massive tax evasion scheme. The post US DoJ charges tax evading ICO superstar who spent $10m on private yacht appeared first on CryptoSlate. дальше »
2020-12-10 17:49 | |
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Cointracking.info Review 2021 – Is This The Leading Cryptocurrency Tax Calculator?
Tax agencies across the world needed a lot of time to get up to speed with complexities and new paradigms that crypto brought about with itself. It took them time but they finally got there and shouldn’t be taken casually – just the contrary. дальше »
2020-12-10 03:30 | |
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IRS Clamps Down on Airdrops Starting With Ripple’s Spark Token Airdrop
The highly anticipated Spark token snapshot takes place on December 12, at 0:00 GMT. Ripple XRP holders eagerly await this date, but Head of Tax Strategy at CoinTracker, Shehan Chandrasekera, warns that airdrops are a taxable event. дальше »
2020-12-9 15:48 | |
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Argentina Passes the ‘Solidarity’ Law to Confiscate Wealth
Argentina has approved the wealth tax that will impose a tariff on people with large fortunes in an attempt to boost its revenue. The third-largest economy in Latin America struggling with high inflation and an increase in poverty is heading into its third year of recession. дальше »
2020-12-9 23:05 | |
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Thai Tax Collector Eyes Blockchain Adoption for Improved Revenue Collection
Rather than raise taxes, Thailand’s Excise Department is looking to adopt blockchain technology for improved tax collection. The move is part of plans to enhance Thailand’s internally generated revenue (IGR) metrics as the country moves towards more sustained economic recovery. дальше »
2020-12-8 00:00 | |
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