Tag: tax

Sep 15 2021

The Proposal To Regulate Digital Asset Transactions Should Be Struck

The recent addition to the infrastructure bill is an affront to the progression of the Bitcoin industry in the United States.The following article was previously published by Tax Notes, and has been republished here with permission.An overlooked provision in the Senate-approved infrastructure bill1...

Aug 13 2021

Aug 06 2021

How Congress Might Pass Laws Bad for Proof-of-Stake and DeFi

Aug 06 2021 Published at Unchained Podcast under tags  2021 defi irs regulation shows

Kristin Smith, executive director at the Blockchain Association, discusses the latest news on a provision in the infrastructure bill that seeks to raise $28B from the crypto industry in taxes. Show highlights: how the original crypto provision within the infrastructure bill came to be...

Aug 02 2021

Jul 29 2021

The Infrastructure Bill Shows Why Bitcoiners Need To Be Politically Active

This is simply the latest development that shows the lack of understanding amongst policy makers.The Senate procedural vote held late Wednesday night was a big step forward in the difficult process of brokering such a large infrastructure package in Congress. This is, however, the very first step for the package, and requires a few more hurdles before it reaches President Biden’s desk...

Jul 28 2021

Jun 29 2021

Bitcoin Capitulation Plunge Results In Historic Realized Losses

Sadly for them, paper hands people are breaking all kinds of records. Nobody expected a Bitcoin winter this early, and recent investors who lack conviction have been selling at a loss for a while now. Glassnode...

Jun 08 2021

Cryptocurrency Tax in the UK: Here’s What You Need to Know

Jun 08 2021 Published at Blockonomi under tags  crypto tax crypto tax uk regulation tax

Cryptocurrencies are in the news again. The recent rises (and falls) in value and the interest shown by some high net worth individuals and companies have generated many discussions and column inches. Be it investment opinions, short or long term strategy, or tax advice. Whilst many articles focus primarily on Bitcoin these comments are relevant [...] The post Cryptocurrency Tax in the UK:...

May 28 2021

South Korea to Proceed with Crypto Tax Plans despite Calls to Delay It

The Financial Service Commission (FSC) has also been confirmed as the top government body to regulate cryptos.

Rep. Tom Emmer, One of the Most Active Crypto Congress Members, on Taxes and DeFi

May 28 2021 Published at Unchained Podcast under tags  2021 blockchain crypto defi fatf

House Representative Tom Emmer, of Minnesota, is one of the most active voice for crypto and blockchain in the US government. In this episode, he discusses: what book made Tom fall down the crypto rabbit hole why Tom believes the Financial...

May 27 2021

Spain to Oblige Investors to Report Their Overseas Crypto Holdings

The new "Law on Fighting Tax Fraud" still needs to be ratified before it becomes officialized.

May 20 2021

Mar 08 2021

New IRS Operation Threatens Crypto Tax Dodgers With Jail

Mar 08 2021 Published at Crypto Briefing under tags  civil criminal education evasion irs

A newly launched IRS initiative called Operation Hidden Treasure was announced on Friday as part of a crackdown on widespread crypto tax evasion. IRS Searching For Telltale Signs of Tax Evasion Operation Hidden Treasure was...

IRS Launches Dedicated Program to Identify Crypto Tax Evaders

The program was launched as a joint effort between IRS’s civil and criminal units.

Mar 04 2021

DeFi Taxes 2021: How to Pay Tax on Borrowing, Lending, Yield Farming, and Liquidity Pool Funds

Mar 04 2021 Published at Crypto Briefing under tags  aave analysis defi tax taxes

Taxes are one of the more opaque issues in crypto, with many investors still unsure how to calculate taxes on earnings or whether they owe taxes at all. The DeFi space, in particular, has many moving parts when it comes to taxation and asset classes. Crypto Briefing has put together a brief guide that lays out how users' DeFi income might be...

Feb 18 2021

Switzerland’s “Crypto Valley” Residents Can Now Pay Taxes in Crypto

Residents of Zug province, Switzerland, can now pay their taxes in Bitcoin and Ethereum. Bitcoin Suisse will convert the crypto to Swiss francs upon payment. Adding 100,000 Residents to Crypto Valley Tax Program The Zug blockchain haven in Switzerland, popularly known as Crypto Valley, has passed...

Switzerland’s ‘Crypto Valley’ Has Started Accepting Bitcoin, Ether for Tax Payments

Local firm Bitcoin Suisse has partnered with the canton of Zug, converting cryptocurrency tax payments into Swiss francs.

Feb 17 2021

Russia’s Crypto Tax Bill Passes First Reading at State Duma

The bill proposes to recognise cryptocurrency as property for purposes of taxation.

Feb 16 2021

Russia’s Lower House to Consider Bill on Crypto Taxation This Week

If passed the bill would amend tax laws to recognize digital currencies as a form of property.

Feb 04 2021

South Africa’s Tax Agency Is Clamping Down on Crypto Users: Report

The South African Revenue Service is likely "ensnaring" non-compliant taxpayers, a tax consultancy said in a news report.

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