Tax Agencies Step Up Efforts to Hone in on Crypto Tax Evasion

Tax Agencies Step Up Efforts to Hone in on Crypto Tax Evasion
фото показано с : cointelegraph.com

2020-1-26 00:27

Industry commentators speak out over the shrinking anonymity in crypto: “There was no chance that such a growing industry would escape unnoticed”

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A Blockchain-Based Excise System Promises Efficiency to Thailand’s Oil Industry

Blockchains are being used across the world for their ability to serve as a robust accounting ledger that can be shared and distributed in real-time across the world. According to the Bangkok Post, the Thai excise department is in talks with Krungthai Bank (KTB) to launch a blockchain-enabled system to make the tax payment andRead MoreRead More.

2019-11-26 00:00


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Cryptocurrency Provides Payment and Tax Solutions for the Cannabis Industry

A member of the Berkeley City Council has reportedly become the first elected official to purchase cannabis with cryptocurrency. City Council Member Makes Cannabis Purchase with Crypto According to The Daily Californian, Ben Bartlett of the Berkeley City Council purchased cannabis using cryptocurrency during an event organized by the Blockchain Advocacy Coalition.

2019-9-16 20:00


Why are Israeli Banks Refusing to Take Fiat Deposits from Cryptocurrency Traders?

On August 6th we reported the difficulty experienced by Israeli cryptocurrency traders to pay taxes given the concerns raised by the banking industry. With over $85 million USD in tax arrears to be paid to the government, cryptocurrency traders are blaming the banks for purposefully creating a barrier due to the competition from the emerging […]

2019-8-9 19:46


Indian Tax Authority Sends Probing Questions to Crypto Owners – Experts Weigh In

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2019-8-7 09:35


Australia’s Crypto Tax Laws Faulted For Inefficiency As Investor Pays $100,000 For Holding a $20,000 Digital Asset Portfolio

Australia, a market leader in digital asset accommodation has contributed strongly to this space since the bull run in Q4 of 2017. This atmosphere is generally good for the blockchain and crypto industry as more enthusiasts look for regulatory friendly destinations to implement their ideas.

2019-6-24 21:53


Italy Considers a Tax on Citizens’ Savings as Top Bitcoin Analyst Implies It Could Be Best Thing Ever

Drawing Comparisons Between Traditional Finance and the Digital Asset Industry Because cryptocurrency, in certain ways, is being integrated into the traditional financial markets, there are times when parallels are drawn between the cryptocurrency industry and mainstream financial institutions which also highlights reasons why people are drawn to cryptocurrency in the first place and there are […]

2019-6-13 18:32


US Congress is Making It Illegal for the IRS to Offer Free Tax Filing Service

The US Congress will soon officially ban the IRS from offering its own tax filing service, according to reporting by ProPublica, a non-profit news agency. Probably. Advocates of a free, government-sponsored tax filing service have long argued that the current system doesn’t do justice to the millions of taxpayers making under $66,000 per year who actually shouldn’t be paying anything to file their taxes.

2019-4-10 09:42


SEC Asks For Feedback Regarding Crypto Assets Custody And Settlements For Investors

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2019-3-19 20:48


Blockchain-Based Tax Invoices to Be Used in Local E-Commerce Industry in Guangdong, China

Blockchain technology is being implemented for smart contracts and even the storage of some important digital documents that would otherwise be cluttering an office somewhere. Considering the security of this type of ledger, the Guangdong Municipal Taxation Bureau has decided to use it for a new platform that allows consumers to view their tax invoice […]

2019-2-18 21:08


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Wyoming Passes New Friendly Regulations for Crypto Assets

The Wyoming state government has been expanding its status as a hub for crypto and blockchain technology by passing several new bills this February. According to Wyoming-based blockchain advocate Caitlin Long, the state of Wyoming has recently passed resolution SF0125 on February 14, 2019, claiming that Wyoming “law recognizes property rights in the direct ownership of digital assets.

2019-2-15 22:18


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South Korean government gives tax break to blockchain trailblazers

The South Korean government is giving the blockchain industry a tax break in a bid to help foster innovation in decentralized technologies. The Ministry of Strategy and Finance has announced that blockchain will be included in its amendments to 2018 tax law, which sees companies receive benefits for innovating with certain technologies, reports The News Asia.

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2018-12-12 22:15