Op Ed: Tendencies and Opportunities of Bitcoin Taxation in the EU

2019-12-20 22:52

Each member state in the EU sets its own tax rules. It is still possible, however, to identify key trends and opportunities in cryptocurrency taxation. The post Op Ed: Tendencies and Opportunities of Bitcoin Taxation in the EU appeared first on Bitcoin Magazine.

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Источник: bitcoinmagazine.com

taxation bitcoin → Результатов: 97

3 Ways US Congress May Approach Bitcoin Taxation

With the U. S. Internal Revenue Service looking to enforce more stringent Bitcoin tax compliance, several stakeholders say Congress should step in to clarify the way virtual currencies should be treated for tax purposes.

2019-11-26 13:30
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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	featured
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How Society Thrived Before Mass Taxation, and How It Still Can

Many people in the U. S. and elsewhere think of the income tax as some kind of timeless staple of society. The truth is, it was only first instituted in the United States as a permanent fixture in 1913.

2019-11-12 11:00	Op-ed
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Britain’s Tax Authority Updates Crypto Guidelines

Her Majesty’s Revenue and Customs (HMRC) has updated its guidelines on the taxation of transactions involving crypto assets. The United Kingdom’s tax authority clarifies its stance on cryptocurrencies and explains which taxes apply to specific activities carried out by business entities and private individuals.

2019-11-5 01:00	Taxes
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UK Officials Introduce Streamlined Cryptocurrency Taxation Guidelines

The current legal status of Bitcoin is difficult to gauge in the United Kingdom. A new taxation guidance update shows there is still some confusion to be cleared up. At this time, cryptocurrencies are neither currencies nor securities.

2019-11-5 22:30	UK
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Tax Form to Report Revenues From Cryptocurrency Trading Issued in Poland

Authorities in Poland have clarified the taxation of revenues received from cryptocurrency exchange transactions. The Ministry of Finance has recently published a 2019 tax form that has a dedicated section where taxpayers are expected to declare separately proceeds from crypto trading.

2019-10-26 03:35
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EU bitcoin bank app Bitwala integrates CryptoTax software

Bitwala, a German licensed bitcoin banking service app, today announced a new integration solution with CryptoTax. Now, for users of Bitwala, enclosing statements on cryptocurrencies with their tax report will be as simple as attaching a PDF-file to an email.

2019-10-22 09:58
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IRS Offers Fresh Guidance for Cryptocurrency Holders

The IRS has released its first cryptocurrency taxation guidance since 2014, when it ruled that all virtual currencies are property and taxed as such. According to Bloomberg, several notable accountants and lawyers see this is a great move, as it gives investors more clarity and paves the way for reasonable regulation, October 9, 2019.

2019-10-10 17:00	tax
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Bitcoin Taxes: IRS Issues Its First Guidance Since 2014, but Still Fails to Answer Many Questions

The IRS finally answers some questions about concurrency taxation, but breeds even more confusion

2019-10-10 21:11
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Taxation Isn’t Just Theft – It’s Bad for Crypto Adoption

Crypto awareness is reaching levels almost unimaginable just years ago, with telecommunications giants, big banks, mainstream media, and even professional sports teams now discussing and flouting digital assets.

2019-9-19 00:14
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Keene New Hampshire Is Not Only a Libertarian Enclave – It’s Also a Crypto Mecca

Over the last few months, there’s been a lot of attention directed toward destinations like Slovenia, North Queensland, Japan, and Venezuela which capture the largest number of bitcoin cash merchants worldwide.

2019-9-6 20:30
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New Zealand Officially Makes BTC and Other Crypto Salaries Legal, Subject to Taxation

Authorities of New Zealand have decided that getting wages in Bitcoin and other crypto is legitimate and should be taxed similar to regular fiat salaries

2019-8-12 15:33
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New Zealand greenlights Bitcoin salary regulation – but it’s still a bad idea

New Zealand‘s tax authorities have deemed it legal for companies to pay its employees in Bitcoin and other cryptocurrencies. Companies will also be able to deduct income taxes using current PAYE (pay as you earn) frameworks under the Income Tax Act 2007.

2019-8-12 14:02	hard fork
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Can the Fed Kill Bitcoin? Navigating the Chokepoints of Tax Law and KYC

Taxes. The one word that can kill any buzz in seconds flat. Whether you’re a libertarian ranting about how taxation is theft or one of those fabled creatures who is actually happy to file them as their so-called civic duty, one fact remains: those who don’t give the government a bite — or make mistakes […] The post Can the Fed Kill Bitcoin? Navigating the Chokepoints of Tax Law and KYC appeared first on Bitcoin News.

2019-8-9 22:00	Taxes
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Georgia Exempts Bitcoin From VAT to Become the Next Country to Affirm Its Currency Status

Cryptocurrency taxation is a subject that concerns a growing number of users, traders and investors. An area that creates a lot of confusion among taxpayers is the application of VAT, or the value-added tax most countries levy on the sales of goods and services.

2019-7-13 03:45	Wallets
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Who Are the Real Thieves? Danish Authorities Seize 3 Ferraris in Tax Evasion Crackdown

Last week Danish authorities seized three Ferraris belonging to a large Copenhagen-based business allegedly seeking to avoid VAT. With the largest bank in Denmark—Danske Bank—also being embroiled in a tax avoidance scandal last year, it seems timely to explore the common libertarian and voluntaryist idea of taxation as theft.

2019-7-8 17:00
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Who Are the Real Thieves? Danish Authorities in Tax Evasion Crackdown

2019-7-9 17:00
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Crypto Could Help Save On Tax Payments As Rising Bitcoin Price Ushers In New Benefits

The topic of crypto and taxes is a tricky one because it combines two of the most complex issues in the financial world; the very volatile world of cryptocurrency and the also the very confusing world of taxation.

2019-6-24 21:02	Bitcoin Innovation
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Crypto Taxation Rules in Australia are Wildly Unjustified

A resident of Australia paid a whopping $100,000 of tax on Ethereum coins currently worth $20,000, pushing the investor into a net loss from a freak tax event. The rules for taxation of cryptocurrency in Australia are unfair to investors and holders, leading experts to call for reform, as reported by Micky on June 24, 2019.

2019-6-24 21:00	Regulation
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Australian taxation laws make crypto-investor pay $100,000 for assets worth only $20,000

Over the years, Australia has been one of the top countries in the world to consistently promote the idea of cryptocurrency and Bitcoin. Adoption is a key factor for the general growth of virtual assets, with Australia playing a crucial role towards the wider adoption of crypto-assets.

2019-6-24 11:00	News
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Bitcoin [BTC] should have minimal regulation, taxation around it, says former US Representative Ron Paul

Ron Paul, a former US Representative, spoke with CNBC Crypto Trader regarding Brad Sherman’s comments on Bitcoin and aspects regarding Bitcoin’s regulations. Brad Sherman, in a hearing, said that Bitcoin should be banned as it posed a threat to the US Dollar and in turn to the US international financial power as the US Dollar […] The post Bitcoin [BTC] should have minimal regulation, taxation around it, says former US Representative Ron Paul appeared first on AMBCrypto.

2019-5-26 21:30
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Ron Paul: The U.S. Dollar Is In a Bubble, Bitcoin An Alternative

Former US presidential candidate and congressman Ron Paul is a regular critic of the United States Federal Reserve and of the country’s economic policy. In the past, the libertarian politician has spoken out in support of cryptocurrencies, suggesting that making the digital assets exempt from taxation could help avoid a “Fed-created recession.

2019-5-22 04:01	United States
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IRS Commissioner Makes Crypto Tax Clarity a Priority

The U. S. Internal Revenue Service (IRS) is planning to overhaul its methods for determining the federal taxes due on cryptocurrency payments to improve clarity for taxpayers.

2019-5-21 20:54	Regulation
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IRS Plans to Issue Guidance on Virtual Currency Taxation

Internal Revenue Service (IRS) commissioner Charles Rettig has explained to U. S. representatives that the tax department plans to issue clearer guidance toward cryptocurrency taxation soon. Since 2014, Americans have been asking the tax agency for better clarification in regard to official tax guidelines.

2019-5-21 18:20	US government
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Of Course, The IRS is Updating Its Bitcoin Tax Guidelines as Price is Rising

With Bitcoin spiking more than 120 percent since the start of 2019, the U. S. Internal Revenue Service (IRS) says it is readying an updated set of guidelines to cover cryptocurrency taxation. IRS Preparing Additional Crypto Tax Guidelines In a letter to a bipartisan group of U.

2019-5-21 18:00	IRS
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Australian Tax Authorities Collect Crypto Data to Verify Tax Compliance

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	Taxes
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U.S. Citizens Can Now Accept Their Federal or State Tax Refund in Bitcoin

Federal tax season just passed in the United States, but if you’re one to leave responsibility to the wayside and had to apply for an extension, that might just pay off.

2019-5-1 23:39	Adoption & community
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How Ambiguous Regulations Complicate Crypto Taxation

From America to the United Kingdom and from Russia to Australia, cryptocurrency taxation in major bitcoin strongholds is complicated. Contradictory or non-existent laws, excessive red tape, and maddeningly vague guidelines have conspired to make the tax-paying process more arduous than it need be.

2019-4-23 04:05
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US Congressmen urge IRS to provide clarity on cryptocurrency taxation laws in new joint letter

Government institutions in the United States of America have played a pivotal role in controlling the fate of cryptocurrencies and the digital asset market, in general. One of the main issues that lawmakers and government officials raise is the taxation on cryptocurrencies like Bitcoin [BTC] and Ethereum [ETH], which was discussed again in a recent […] The post US Congressmen urge IRS to provide clarity on cryptocurrency taxation laws in new joint letter appeared first on AMBCrypto.

2019-4-12 17:00
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Op Ed: Answering 10 Common Questions About Cryptocurrency and Taxes

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	Op-ed
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Canada Schemes to Launch Audits Against Bitcoin Tax Evaders

The Canada Revenue Agency (CRA) is reportedly targeting Bitcoin investors as well as other cryptocurrency users with federal tax audits. The CRA has also sent questionnaires to determine the previous trading and investing activity.

2019-3-8 19:08	tax
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5 Essential Tips for Preparing Your Cryptocurrency Taxes

Paying taxes on Bitcoin and other cryptocurrencies is becoming a priority for individuals in the US after the IRS announced on July 2nd, 2018 that one of their core campaigns and focuses for the year is the taxation of virtual currencies.

2019-3-4 20:57	Bitcoin
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Why Alexandria Ocasio-Cortez’s Green New Deal is Bullish for Bitcoin

US presidential hopeful Alexandria Ocasio-Cortez has unwittingly outed herself as a Bitcoin bull after declaring money printing would form part of her fiscal policy. Ocasio-Cortez Plans Deficit Spending In an interview with NPR Feb.

2019-2-8 19:00
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TurboTax Now Offers Cryptocurrency Tax Services

Cryptocurrency exchange users will now be able to have their taxes done instantly as TurboTax announced on January 4, 2019, that they will be partnering with CoinsTax to offer this service. Paying Their Dues It would seem that on a daily basis, progress is made in getting a framework set up for cryptocurrency taxation.

2019-2-6 06:00
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Crypto Assets And The IRS: Understanding Bitcoin Taxes And How To Calculate Profits And Losses

One of the most confusing things regarding cryptocurrencies is taxes. While there is a lack of any real regulations in most countries around the world, governments have still found a way to introduce crypto taxation, and take advantage of traders who are making a profit by dealing with digital currencies. Furthermore, those who have failed […]

2019-2-1 15:47	Cryptocurrency
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Indiana, New Hampshire May Be Next to Accept Bitcoin for Taxes

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	Taxes
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Coinbase Announces New Resources for Crypto Taxation

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	News
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This Trader Sold Bitcoin for Three Years, He Now Owes $900k in Taxes

Water and oil. This best describes the relationship between cryptocurrencies and taxes. The current taxation model dates back many years ago before Nakamoto launched cryptos. This makes it quite difficult to adhere to the taxation policies for crypto traders.

2019-1-22 11:07	sweden
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European Banking Regulators Call for Unity in Crypto Regulations

Last week, two of the largest banking regulators within the European Union released reports calling for uniformity in the regulations of crypto assets and Initial Coin offerings (ICOs) across the continent.

2019-1-16 01:54	Regulation
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Venezuela Issues Decree Regarding the Payment of cryptocurrency and Foreign Fiat Tax

On January 7, 2019, the government of Venezuela published a decree detailing the process of taxation payment with regards to cryptocurrencies and foreign fiat currency. As cryptocurrency becomes more widely used, the subject of its taxation inevitably comes up.

2019-1-11 08:38
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Bitcoin Cash Price Analysis: BCH Shed 3.7%, Bulls Slow Down

Latest Bitcoin Cash News Roger Ver is a Libertarian and he is not shy talking about his ideal world. In his recent tweet, he said every law is ultimately a death threat. In yet another tweet he poured out his frustration on taxation saying taxes enrich the most destructive organizations on earth at the expense […]

2019-1-10 16:52	Price Analysis Charts
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Buying and Selling Property With Bitcoin Is More Complex Than It May Seem

Buying and selling property using cryptocurrency is less straightforward than was first assumed. The handful of mortgage lenders and realtors who were initially keen are now reluctant to accept crypto deposits due to money laundering fears.

2019-1-8 07:15	Taxes
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India May Legalize Bitcoin Under “Strong” Rules

India could be making a U-turn on its directives for cryptocurrencies. Per reports from the New India Express, a second interdisciplinary committee set up by the Indian government is considering making cryptocurrencies legal in the country again but with more stringent rules.

2018-12-28 02:16	Regulation
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U.K.’s Tax Authority Releases Taxation Guidelines for Local Cryptocurrency Holders

Her Majesty’s Revenue and Customs (HMRC), a non-ministerial department of the British government in charge of the collection of taxes, has published a paper highlighting the various types of fees applicable to blockchain-based virtual currencies and how cryptocurrency traders should handle their cryptos, according to a report released December 20, 2018, by the agency.

2018-12-23 03:00	UK
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US Lawmakers File Bill to Exclude Cryptocurrencies From Securities Definition

Two U. S. congressmen have introduced a bill aimed at amending the country’s securities laws to exclude cryptocurrencies from the definition of a security. The bipartisan bill also seeks to adjust taxation and create tax exemptions for certain cryptocurrency transactions.

2018-12-21 17:45	Virtual Currency
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Cryptocurrency Holders Get Tax Guidance by UK Revenue Agency

HMRC has issued detailed guidance on taxation obligations for holders of Bitcoin (BTC)-alike digital assets.

2018-12-21 00:02	News
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Cryptocurrency Holders Gets Tax Guidance by UK Revenue Agency

HMRC has issued detailed guidance on taxation obligations for holders of Bitcoin (BTC)-alike digital assets.

2018-12-20 16:32	News
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UK Investors to Pay Capital Gains and Income Tax on Bitcoin Investments

The U. K. government has said that individual investors will be liable to pay capital gains tax each time they sell crypto assets such as BTC for profit. In new taxation guidelines published Dec.

2018-12-20 04:50
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French National Assembly Rejects Plan to Loosen Crypto Taxes

The National Assembly in France has recently shot down proposals to ease up the pressure on tax regulations in the crypto space. As reported by Bitcoin.