2020-2-7 22:59 |
The chairman of the Global Blockchain Business Council is working with others on a way to add transparency and openness to taxes. origin »
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Welcome to another Moonday Mornings. Let’s waste no time and take a look at the weekend’s cryptocurrency and blockchain headlines you can’t afford to miss. 1. Cryptocurrency traders in Israel are facing a sticky situation.
2019-8-12 11:29 | |
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Israeli media sources say bitcoin traders in the country are finding it difficult to pay taxes as banks continue to refuse crypto deposits, August 6, 2019. Banks in many countries refuse to accept deposits from crypto-related activities based on fears of money laundering and other illicit financial activities.
2019-8-7 19:00 | |
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The IRS has sent warning letters to over 10,000 customers who have used Coinbase and can be declared as crypto investors with full confidence. Many experts have weighed in to offer their advice to retail investors, encouraging them to declare their assets and pay their taxes instead of trying to skirt by regulation.
2019-8-2 01:00 | |
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Good morning, and welcome to Moonday Mornings. Let’s take a look at the cryptocurrency and blockchain headlines from over the weekend. 1. The US Internal Revenue Service (IRS) is going after digital asset traders and has begun sending them letters asking that they report their cryptocurrency holdings and pay their taxes, Coindesk reports.
2019-7-29 10:55 | |
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According to a press release dated July 15, 2019, the city of Richmond Hill, Canada, is rolling out a project that allows residents to pay property taxes with bitcoin (BTC) through crypto startup, Coinberry.
2019-7-17 09:00 | |
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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 | |
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The Israel Tax Authority has won a court case against Noam Copel, a Bitcoin investor and founder of a blockchain startup called DAV, who bought the cryptocurrency in 2011 and sold it in 2013 with a profit of NIS 8.
2019-5-24 18:00 | |
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By CCN: An Israeli court has ruled that Bitcoin is not a currency but rather an asset. This was in a case brought forth by Noam Copel, a blockchain entrepreneur, according to business publication Globes.
2019-5-22 15:39 | |
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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 | |
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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 | |
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Andrei Poliakov is the CEO and co-founder of Coinberry, one of Canada’s premier digital currency platforms. His company is the first in Canada to partner with a government municipality.
2019-4-23 17:42 | |
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By CCN. com: Big Four accounting firm Ernst & Young (EY) wants to make filing your crypto tax returns easier. To this end, the auditing giant launched the second generation of its EY Blockchain Analyzer, a blockchain analytics tool.
2019-4-17 14:58 | |
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Since it has now become mandatory for digital assets traders to remit taxes, 21 members of the United States Congress, led by congressman Thomas Earl Emmer, have jointly sent a bipartisan letter to the United States Internal Revenue Service (IRS) urging it to publish new guidelines on crypto tax remittance, according to a press releaseRead MoreRead More.
2019-4-13 19:00 | |
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Margrethe Vestager, the EU Competition Commissioner, believes Europe need not wait for global consensus before deciding on a digital tax, Reuters reports. Vestager wants the EU to take the lead on imposing heavier taxes on U.
2019-4-9 11:00 | |
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According to a press release published April 4, 2019, Missouri-based tech start-up, CryptoTrader. Tax has successfully integrated with commercially successful tax software Intuit TurboTax. File Crypto Taxes in Minutes Many would agree that doing taxes is a tedious and complicated process.
2019-4-6 21:00 | |
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The Ontarian town of Innisfil, Canada, has launched a pilot program in which local residents can pay their taxes… The post Canada Adoption: First Town Approves Paying Taxes With Bitcoin – What’s Next In Line? appeared first on Invest In Blockchain.
2019-3-29 09:41 | |
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Ohio might have made history as the first city to accept cryptocurrency for corporate taxes, but one Canadian town is adding its name to the books by becoming the first in North America to permit its citizens to pay their personal taxes in bitcoin.
2019-3-28 19:04 | |
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Michael Meisler, EY Glbobal BLockchain Tax Leader gives his thoughts on the current and future status of cryptocurrency taxes. The post Interview with Michael Meisler, EY Global Blockchain Tax Leader appeared first on CoinCentral.
2019-3-24 21:00 | |
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Unless you’re tax-evading bitcoin bull John McAfee, this is the time of year when Americans begrudgingly prepare to file their tax returns. To streamline this process, Big Four accounting firm Ernst & Young introduced a cryptocurrency tax tool.
2019-3-6 01:05 | |
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Activist group Blockchain Advocacy Coalition (BAC) has sponsored a bill in California’s 19th State Assembly District, set to allow legal cannabis businesses in the district to pay their state taxes using cryptocurrency.
2019-3-1 20:16 | |
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According to a recent statement made by Ohio’s state treasurer, so far, only two businesses have filed their taxes in crypto using the state’s crypto tax payment scheme.
2019-2-22 01:23 | |
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I had the opportunity to participate on a legal panel with David Silver at the Unconfiscatable: Bitcoin Not Blockchain Conference put on by Tone Vays in Las Vegas.
2019-2-7 20:39 | |
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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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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 | |
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Lawmakers in New Hampshire put forward a new bill on January 3, 2019, which would see cryptocurrencies legitimized as an acceptable payment method for “taxes and fees” in July 2020. Meanwhile, Pennsylvania excludes crypto from the definition of money but eases operations for cryptocurrency businesses.
2019-1-26 02:00 | |
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Coinbase, one of the largest American cryptocurrency exchanges, has introduced new resources for its U. S. -based customers to claim crypto trades on their taxes, the company announced in a blog post on January 24, 2019.
2019-1-26 00:00 | |
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Two U.S. lawmakers, Dennis Acton and Michael Yakubovich, proposed a new bill this month that would allow New Hampshire residents… The post New Hampshire Bill Proposes that Bitcoin (BTC) is Legalized for Payment of State Taxes appeared first on Invest In Blockchain.
2019-1-25 14:43 | |
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If you didn’t notice, today is Monday, January 21, which means two things. One, it’s time for another Moonday Mornings; and two, it’s the most depressing day of the year – apparently. Goodthing we have a wrap-up of the weekend’s top cryptocurrency and blockchain news for you.
2019-1-21 11:35 | |
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On January 16, 2019, BitWage announced their partnership with Simply Efficient HR, a Texas-based payroll and human resources company to enable the payment of W2 employee and payroll taxes in bitcoin or ether.
2019-1-19 19:00 | |
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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 | |
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Online retailer Overstock announced it would pay a part of its Ohio state business tax using bitcoin, making it the first company to use Ohio’s crypto tax portal, Fortune reported on January 3, 2019.
2019-1-5 21:30 | |
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Overstock Pays Business Taxes In Bitcoin According to a press release from Overstock. com’s Investor portal, the Salt Lake City-headquartered online retailer and blockchain technology startup will begin to pay its business taxes with Bitcoin (BTC).
2019-1-4 05:00 | |
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As tax season is rapidly approaching, some states, like Ohio, have decided to set a new standard for the rest of the country to follow. Back in November, Ohio became the first state in the U.
2019-1-3 20:53 | |
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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 | |
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News Article Is Stored On The Ethereum Blockchain With the Help From Civil A first has happened using the Ethereum blockchain. A news article has been completely stored on the blockchain. The editor of Popula, Maria Bustillos, a journalist-owned site, has recently announced that an article from the Death and Taxes magazine’s site was stored […]
2018-12-22 21:22 | |
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Shenzhen Economic Zone Wants To Implement Blockchain For Electronic Tax Invoices Shenzhen will start to use blockchain technology for electronic tax invoices. The city is one of the most important in China and it aims at improving the taxing system.
2018-12-13 01:48 | |
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On December 10, 2018, a UK Member of Parliament (MP) spoke out in favor of cryptocurrencies, calling for colleagues to educate themselves further on the technology and, suggested they could be used to pay taxes.
2018-12-12 05:00 | |
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The state of Wyoming has passed a blockchain bill that allows banks to provide banking services to blockchain companies in the state. According to the legislative document, the new bill would create a new banking category called the Special Purpose Depository Bank, a group of financial institutions in the state that provide banking services to blockchain-based businesses.
2018-12-3 19:48 | |
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Recently, the CEO of Ohio-based nonprofit JumpStart Inc. announced that his company, along with six others, would invest vast sums of money into Ohio’s blockchain startups.
2018-12-3 19:32 | |
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While the crypto market continues to see an abundance of red on the charts, it received a massive nod of approval on November 25, 2018. The Wall Street Journal reports the U. S. state of Ohio is set to become the first in the country to allow payment of taxes through bitcoin.
2018-11-26 18:00 | |
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Huobi published its report for the week running from Nov. 11th to Nov. 18th and it is marked by a decrease in digital asset prices. The report also focused on several other issues including the industrial application of blockchain technology, the use of cryptocurrencies by risky personalities, the possibility of paying taxes using cryptocurrencies, and […] Huobi Big Data Report: Blockchain Voting for U.
2018-11-26 12:59 | |
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It may soon no longer be business as usual for bitcoin (BTC) and altcoins investors in Spain as the nation’s tax authority, the Agencia Estatal de Administracion Tributaria (AEAT), has reportedly identified at least 15,000 distributed ledger technology (DLT) based virtual currency holders and is now set to make them pay taxes, reported Finance Magnates on November 20, 2018.
2018-11-22 01:00 | |
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Welcome to Hard Fork Basics, a collection of tips, tricks, guides, and advice to keep you up to date in the cryptocurrency and blockchain world. Cryptocurrency forks are as inevitable as death and taxes.
2018-11-16 18:31 | |
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The market for cryptocurrency tax services is growing rapidly, and it is providing forward-thinking tax professionals with an opportunity to capture oversized profits.
2018-11-15 16:58 | |
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According to an article by Venture Beat, published November 11, 2018, cryptocurrency traders in the U. S. have found a lending loophole to avoid taxation on their digital currency transactions. Evade Taxes by Loaning out Equivalent Amount Taxation has been one larger problems facing the cryptocurrency industry since it came into prominence.
2018-11-13 02:00 | |
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South Korea’s lawyers have lobbied the government to establish a better legal framework around blockchain that would help develop the industry and protect investors. More regulation was also urged in Thailand, where on November 7, 2018, the Deputy Prime Minister has called for more measures to control cryptocurrencies and prevent them from being used to fund terrorism.
2018-11-9 00:00 | |
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On November 2, 2018, a Reddit user submitted a post to the /r/tax subreddit claiming that they were stuck in a somewhat precarious proposition with their taxes. Crypto-to-crypto trades: Taxable events The individual, an American college student, said that they decided to start dabbling in cryptocurrency investments sometime in early 2017 after hearing about the market’s growth potential from a.
2018-11-7 21:00 | |
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The government of Thailand has announced plans to adopt distributed ledger technology to fight tax avoidance. Director-general Ekniti Nitithanprapas said the Revenue Department intends to use blockchain to verify whether taxes were paid correctly and to speed up the tax refund process.
2018-11-6 03:00 | |
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Modern man and woman are fundamentally tied to the standards, barriers, and incentives set out by most economic models. Paying a mortgage, student debt, and income taxes all contribute to the humanness of contemporary times.
2018-10-30 21:00 | |
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Jeremy Allaire sees governments and industry finally taking blockchain seriously. That's a big deal.
Catalonia is exploring digital identity and hopes to leapfrog its way into true digital sovereignty.
Libra Vice Chair Dante A. Disparte said some departing Libra partners left the door wide open for an eventual return. They will be welcomed back when they're ready.
The story of the digital yuan is more complex than we knew and Professor Michael Sung explains why.
The WEF is creating a global consortium to develop a governance framework for cryptocurrencies, including stablecoins.
Middle Eastern elites at the World Economic Forum are highly skeptical of bitcoin, but there are whispers about its potential for cross-border settlements in the energy sector.