FTX Trading said the firm “never earned anything anywhere near the amount” that would justify a $24 billion tax bill.
Category: Tax
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Australia’s DIY retirement savers are banking on crypto like never before
Australians are increasingly adding cryptocurrency to their “self-managed super funds” as a means to secure their retirement life, according to newly released data.
Australia’s tax agency won’t clarify its confusing, ‘aggressive’ crypto rules
The Australian Tax Office’s new rules on DeFi are unclear on whether capital gains taxes apply to liquid staking and transferring to layer 2 bridges.
Crypto Gambling Taxes: A Guide to Compliance
The rising popularity of cryptocurrency gambling has brought about important considerations regarding tax implications. Here’s what you need to know to ensure compliance with tax authorities while enjoying crypto gambling. Tax Classification: In many jurisdictions, the classification of cryptocurrency varies, and its treatment can range from being considered a commodity to a currency. It’s essential to determine how your country’s tax authorities categorize cryptocurrency to understand your tax obligations. Taxable Events: Gambling winnings, whether in fiat or cryptocurrency, can be subject to taxation. If you’ve made profits through crypto gambling, it’s crucial to report these gains accurately. Note that losses
The post Crypto Gambling Taxes: A Guide to Compliance appeared first on The Merkle News.
Crypto staking rewards are taxable once received: IRS
The U.S. tax department will be requiring taxpayers to count staking rewards as gross income at the time they gain “dominion” over the tokens.
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Tax Authority Slated to Become Main Crypto Regulator in Russia
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Russian Companies ‘Actively’ Using Crypto, Russia to Adopt 4 Relevant Laws, Official Says
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Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector
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Kenya considers tax on crypto, NFT transfers and online influencers
A bill introduced in Kenya could see a tax added to cryptocurrency and NFT transfers and has been met with a mixed reaction online.
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White House advisors renew push for 30% digital mining energy tax
The May 2 blog post by the White House’s Council of Economic Advisers (CEA) has already attracted strong criticism from the community.
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