Swedish Man Goes to Court over “Absurd” Cryptocurrency Tax Bill

2019-1-23 09:59

Swedish Man Linus Dunkers has filed a court case after being charged $885,000 in tax for Cryptocurrency trading. An amount he says is over three times all the profit he made, as per a report from SVT January 20, 2019.

A Million Ways to Tax One aspect of cryptocurrency adoption that has caused great frustration is the issue of paying. . . Read More. The post by Tokoni Uti appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News.

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Источник: btcmanager.com

cryptocurrency tax → Результатов: 126

Cryptocurrency taxation: Who’s paying and who’s not – a country-wise analysis by Divly

It is a widely recognized tradition of businessmen and investors globally who try to hide their actual income to reduce their tax burden. The cryptocurrency industry, with estimated 420 million users worldwide, follows suit.

2023-4-12 00:05	Cryptocurrency
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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.

2021-1-7 19:03
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The IRS Just Issued Its First Cryptocurrency Tax Guidance in 5 Years

For the first time since 2014, the IRS is detailing how it will tax cryptocurrency holdings. Here's what you need to know.

2019-10-10 20:00
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Congressman Ted Budd Asks for Lower Taxes on Cryptocurrency Transactions

Speaking at the U. S. House Ways and Means Committee on June 4, 2019, U. S. Republican Congressman Ted Budd mentioned two crypto specific bills he hopes would witness unanimous support from the Congress.

2019-6-11 23:00	Taxes
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IRS Set to Introduce Clear-cut Cryptocurrency Tax Rules

The IRS appears to have listened to concerns raised by various parties concerning clear cryptocurrency guidelines. As Coincenter reports, the tax administrator responded to a letter by a bi-partisan group of the U.

2019-5-24 20:29	Taxes
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Denmark Government Looking to Forfeit Taxes related to Cryptocurrency Trading

According to a statement published by the tax agency of Denmark, Monday (Jan 14), cryptocurrency trading will soon be taxed in Denmark. Furthermore, the country’s tax agency is now fully authorized to conduct information requests relating to cryptocurrency trading New Authority Seemingly, the Danish Tax Authority has made the move after receiving information from their Finnish counterpart in December 2018.

2019-1-16 04:00	trading
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Brazil’s Tax Authority Goes After Cryptocurrency Profits

Brazil’s tax authority has published proposals to regulate the cryptocurrency landscape over concerns digital assets are being used to launder money and evade tax. A document released by the Department of Federal Revenue of Brasil (RFB) disclosed plans that will force cryptocurrency traders to reveal their identities and for exchanges to submit financial reports to […] The post Brazil’s Tax Authority Goes After Cryptocurrency Profits appeared first on Bitcoin News.

2018-11-3 13:00
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South African Revenue Service (SARS) Intensify Efforts to Clampdown on Cryptocurrency Tax Evaders

Since implementing the cryptocurrency tax regulation back in April 2018, the South African Revenue Service (SARS) appears not to be satisfied with the level of tax remittances by cryptocurrency investors in the region.

2018-8-21 12:00	South Africa
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Korean Government Seeks to End Tax Breaks for Cryptocurrency Exchanges

The government of South Korea is considering a revision of a law which offers considerable tax benefits to cryptocurrency exchanges. A statement by the Korean government quoted in Coindesk today states that “cryptocurrency transaction brokerage is not effective in generating added value.

2018-7-31 03:05	Cryptocurrency News
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Australia Wants a Piece of Your Profits-Got Bitcoin Mate

Cryptocurrency = Asset Liz Russel, a senior tax agent at a private Australia online tax return service, shared some insights on the way theATO will be treating cryptocurrency gains and what people should expect.

2018-6-19 16:26	trading
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Got Bitcoin Mate? Because Australia Wants a Piece of Your Profits

After moving to request all cryptocurrency exchanges to report to the country’s watchdog agency, the Australia Taxation Office (ATO) will be collecting Capital Gains Tax (CGT) on cryptocurrency gains, essentially classifying them as assets.

2018-6-19 13:00	Regulations
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Russia welcomes first filed cryptocurrency tax declaration

First Russian resident reports income received from the purchase and sale of cryptocurrency in 2017.

2018-6-15 11:27	News
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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.