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Italy is pushing for a major increase in its capital gains tax on cryptocurrencies like Bitcoin, from the current 26% to 42%, marking a nearly 62% hike.
2024-11-1 13:45 | |
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The Italian government intends to significantly increase the tax rate on Bitcoin capital gains, from 26% to 42%. In an effort to tighten economic policies, the government is also proposing to remove the €750 million minimum revenue threshold for its Digital Services Tax (DST).
2024-10-18 17:59 | |
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Delivering a major hit to Australian crypto investors, the ATO stated that wrapping or unwrapping tokens — irrespective of their price at the time — will be subject to capital gains tax.
2023-11-15 11:19 | |
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Korea’s future Finance Chief Choo Kyung-ho mulls introducing a capital gains tax for financial investments and cryptocurrencies in 2025, Korea JoongAng Daily reported Monday. As per the report, both sides of the government had planned in December to introduce a 20% capital gains tax on financial investments and cryptocurrencies beginning in January next year, in […]
2022-5-5 19:49 | |
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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.
2021-10-26 18:41 | |
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A new capital gains tax scheme on crypto trades is still being discussed, according to a tax official.
2021-5-11 14:07 | |
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French economy minister Bruno Le Maire stated that crypto-to-crypto trades will be tax-exempted. According to the report shared by Bloomberg, “France will tax cryptocurrency gains when they’re converted into “traditional” currency, but crypto-to-crypto transactions remain tax exempt.
2019-9-12 16:48 | |
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The finance commission in France’s lower house of parliament has reportedly backed plans to decrease taxes on bitcoin sales, putting it on the same level as the standard capital gains tax. 30% Flat Tax on Bitcoin Gains Reuters reports that the finance commission in the lower house of the French parliament has backed plans to ease taxation on bitcoin gains to flat 30 percent.
2018-11-10 02:00 | |
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On Wednesday, French regulators revealed their plans to lower the capital gains tax on cryptocurrency to that of non-real estate assets, as reported by The Next Web. Right now, French crypto earnings are taxed at 36.
2018-11-9 17:40 | |
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In France, taxes on capital gains from Bitcoin trading might be cut to 30% from the current rate at 36.2%, as per a new budget bill amendment.
2018-11-9 13:48 | |
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France, which has the potential to become Europe’s next crypto and blockchain hub, is now making moves to make the country more attractive to crypto investors. Lawmakers are now moving to bring down the current high capital gains tax rate for Bitcoin sales to a level on par with the tax rate for other non-real […] French Lawmakers Move to Reduce Bitcoin Gains Tax From 36.
2018-11-8 20:59 | |
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French regulators are realigning the taxes imposed on hodlers of Bitcoin and other cryptocurrencies. The French finance commission supported plans yesterday that will see capital gains tax applied to cryptocurrencies brought in line with other capital gains tax, Reuters reports.
2018-11-8 13:31 | |
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French lawmakers have adopted an amendment to the 2019 budget bill that will cut capital gains tax on bitcoin sales to 30 percent from 36. 2 percent. This will bring cryptocurrency transactions in line with other non-real estate assets, which are taxed at a flat rate of 30 percent.
2018-11-8 02:00 | |
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On October 24, 2018, an advisory committee to the Internal Revenue Service (IRS) published a report calling for clarity on the IRS’s position toward cryptocurrency taxation.
2018-10-27 20:34 | |
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To establish a seamless tax reporting mechanism for cryptocurrency gains in Japan, the Japanese Tax Commission held a debate on October 17, 2018, per a report by the local media outlet Sankei News. Standardization of Tax Filing Process According to the report published, the Japanese Tax Commission is contemplating ways by which gains or profits on cryptocurrency trading can be.
2018-10-20 22:00 | |
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Japan’s Tax Investigation Committee, an advisory body of the government, is looking to simplify its tax filling system as confusion has led to poor reporting of profits with digital currencies in the country.
2018-10-20 21:00 | |
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Japan’s Tax Commission is looking for ways to simplify the current tax filing system for cryptocurrencies in order to ensure investors accurately report their gains. On October 17, the commission, which guides policy on taxation and also advises the prime minister, held a general assembly meeting to discuss potential improvements to the process. The committee […]
2018-10-22 12:11 | |
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What Is CryptoTrader. Tax? CryptoTrader. Tax is a cryptocurrency tool that helps in calculating gains, importing trade, simplifying preparation, and reporting of taxes. Initially, it was nearly impossible for high-level crypto traders to calculate their taxable trade incomes since it would take a lot of time especially if done manually.
2018-10-9 10:21 | |
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Bitcoin and other cryptos have seen a dramatic fallout in value throughout 2018. While this is bad news for a lot of traders, it pays to understand that these losses offset other types of capital gains.
2018-10-5 01:19 | |
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Bitcoin prices are sensitive to regulatory news and this week’s judgment that Bitcoin is a commodity did spur more confusion. Needless, prices are largely unaffected and are in fact stable adding two percent in the last week.
2018-9-29 05:00 | |
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The newly elected co-chair of the Congressional Blockchain Caucus, U. S. Representative Tom Emmer, has introduced a trio of blockchain-focused bills in support of the development and use of blockchain technology and digital assets.
2018-9-22 18:10 | |
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In an open letter to the Internal Revenue Service (IRS), the U. S. House’s Committee on Ways and Means argues that the tax collection body is leaving investors in the lurch with its vague cryptocurrency tax codes.
2018-9-21 23:35 | |
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Boris Johnson Calls For Tax Cuts On Capital Gains Boris Johnson, a State Secretary in the United Kingdom, has called for a Trump-style tax cuts on income taxes and capital gains. He followed the promise that Trump made on his campaign to cut taxes by $1.5 trillion as a way to add fuel to the […]
2018-9-11 03:31 | |
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Boris Johnson, suspected by many to be preparing for a leadership bid, has called for Trump style tax cuts of income taxes, capital gains, and stamp duty. Trump’s electoral promise... The post Boris Johnson Calls for Tax Cuts to Capital Gains appeared first on Trustnodes.
2018-9-11 16:33 | |
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United States’ stance on any issue is always hard to see clearly. However, in the crypto sphere, the country has identified cryptocurrencies as assets and not currencies. Even though crypto investment in the country is subject to capital gains tax, the nation has developed some amazing, and worldly popular crypto projects.
2018-9-4 09:32 | |
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BearTax, found online at Bear. tax, aims to be the leading tax filing service for crypto users. Find out how it works today in our review. What Is BearTax? BearTax lets you calculate and file crypto taxes.
2018-8-14 12:21 | |
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Taxes The South Korean government has announced a new set of tax law amendments. Under this proposal, bitcoin exchanges will no longer be eligible for income and corporate tax deductions currently enjoyed by small and medium-sized businesses.
2018-8-1 11:31 | |
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The South Korean government has announced a new set of tax law amendments. Under this proposal, bitcoin exchanges will no longer be eligible for income and corporate tax deductions currently enjoyed by small and medium-sized businesses.
2018-8-1 09:55 | |
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Capital gains on crypto transactions are easy to track, one at a time. What about when there are thousands?Cryptocurrency capital gains taxes are becoming a point of interest for governments.
2018-7-31 20:04 | |
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A Heritage Foundation expert warns the US Congress against Fed-issued digital currencies; argues for the removal of capital gains tax on cryptocurrencies.
2018-7-19 21:46 | |
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What Is TaxToken? TaxToken is one of the world’s first companies to implement blockchain technology and Artificial Intelligence in personal accounting. The platform aims at offering its users with an automated, efficient, and secure tax preparation process in the daily transactions.
2018-7-15 13:57 | |
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The average cryptocurrency user trades or holds assets on around 4 to 5 different digital currency exchanges and wallets simultaneously. Thus, keeping track records for tax purposes becomes increasingly difficult.
2018-7-7 20:25 | |
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Cryto-Rich Avoiding Capital Gains Cryptocurrency has led to an influx of favorable gains for many investors – the trouble is, such gains are subject to the capital gains tax. The tax can be a staggering amount, especially for those who are unprepared.
2018-7-5 00:15 | |
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As more investors trade in cryptocurrency, the national revenue watchdog IRS is also stepping investigations into two key issues in this realm, taxable gains which are not reported and tax frauds.
2018-6-30 15:01 | |
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Cryptocurrency has brought about uncertainty for investors for both investors and lawmakers. A significant point of contention is whether investors are obligated to pay taxes on their cryptocurrency transactions.
2018-6-30 06:10 | |
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The Internal Revenue Service (IRS) is stepping up its investigations into cryptocurrency-related tax fraud and unreported taxable gains. Clearer laws and guidelines are expected in the near future and could open the door to litigation and penalties against those who fail to cooperate.
2018-6-29 03:00 | |
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Japan’s top financial official is cautious about the idea of his nation changing how it taxes gains from cryptocurrencies. Taro Aso, the deputy prime minister and minister of finance, said he was cautious about making such a change.
2018-6-27 08:05 | |
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Japan's top financial official is cautious about the idea of his nation changing how it taxes gains from cryptocurrencies.
2018-6-27 05:00 | |
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The Japanese government is discussing the possibility of switching from progressive tax rate on cryptocurrency capital gains to a uniform one.
2018-6-27 17:37 | |
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South Korea’s Ministry of Finance has denied reports of 10% income tax on cryptocurrency investments. 10% Tax on Crypto Grains is Fake News Taxation has been a hot topic in the cryptocurrency world this year.
2018-6-24 06:27 | |
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South Korea’s Ministry of Finance has denied reports of 10% income tax on cryptocurrency investments. 10% Tax on Crypto Grains is Fake News Taxation has been a hot topic in the cryptocurrency world this year.
2018-6-24 02:00 | |
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Australia is moving towards requesting all cryptocurrency exchanges to report to the Australia Taxation Office, in order for them to collect Capital Gains Tax on all cryptocurrency gains, which essentially means that they will be classified as assets.
2018-6-20 12:00 | |
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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 | |
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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 | |
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