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Category: Tax bill
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US Lawmaker Pushes for Safe Harbor Legislation to Protect Crypto Investors With Forked Coins
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South Korea to Impose a 20% Tax on Crypto Mining Activities
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Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies
In this roundup, we cover an exceptionally busy week for crypto regulations around the globe. We start our coverage with the U.S. Virtual Currency Tax Fairness Act of 2020, actions by the SEC, Ripple’s lawsuit, India’s supreme court hearings, Australia green-lighting a bitcoin retail fund, Thailand approving a new crypto exchange, and new crypto guidelines […]
The post Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies appeared first on Bitcoin News.
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Crypto Still Tax Free in Korea but Regulators Have Set Timeframe for Taxation
Cryptocurrency transactions are still tax-free in South Korea due to a lack of tax regulations. As the law stands, citizens are able to profit millions of won from cryptocurrencies without being required to pay taxes on them. However, the regulators have set a tentative timeframe for the introduction of the crypto tax law. Also read: Japan’s […]
The post Crypto Still Tax Free in Korea but Regulators Have Set Timeframe for Taxation appeared first on Bitcoin News.
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Tax and Cryptocurrencies: 4 Facts You Should Be Aware Of
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Trump’s New Tax Bill Means Changes Ahead for U.S. Bitcoiners
It has been 31 years since the United States addressed its labyrinthine tax structure. The 115th Congress passed a bill slicing seven income brackets on individuals to four, tweaking them mostly downward and slightly, lessening the corporate tax, and increasing deductions here while limiting others there. For bitcoiners, An Act to provide for reconciliation pursuant […]
The post Trump’s New Tax Bill Means Changes Ahead for U.S. Bitcoiners appeared first on Bitcoin News.
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