IRS to transition from ‘education to enforcement’, says former division chief
A former top investigator is warning that the IRS might be shifting crypto tax payment enforcement into high gear Go to Source Powered by WPeMatico
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India ponders Bitcoin tax law to target $5B market
India’s government could levy taxes on Bitcoin trading despite the lack of legal clarity for the country’s crypto space. Go to Source Powered by WPeMatico
Bitcoin Is Going Through the Roof in Argentina While the Government Imposes New Taxes
Argentina’s Senate approved an extraordinary one-time wealth tax to fight the coronavirus pandemic by seeking to boost government revenue and targeting millionaires with assets of more than 200 million pesos ($2.5 million). At the same time, the country still faces a 35% inflation. Argentinean Senate Approves New Taxes, While Bitcoin Keeps Skyrocketing Against the Argentine … Read more
Will PayPal’s crypto offer turn into a tax nightmare?
U.S. capital gains tax laws are likely to catch out many new users of PayPal’s cryptocurrency payments system Go to Source Powered by WPeMatico
Aussie Exchanges Partner With Crypto Tax Firm as ATO Eyes Traders
Popular Australian crypto exchanges Coinjar, Cointree and Swyftx have partnered with Koinly to track their clients’ tax obligations. Go to Source Powered by WPeMatico
Korean Exchanges Struggle With Expansion Amid Uncertain Regulations
Cryptocurrency exchanges in Korea shrink within national boundaries due to lack of regulatory clarity. Go to Source Powered by WPeMatico
The Future of Philanthropy Lies in Blockchain Technology
Blockchain tech and crypto donations incorporated into the philanthropy sector have a chance of significantly improving the entire industry. Go to Source Powered by WPeMatico
Your Crypto Taxes Can Be Donated to Charity Instead
Cryptocurrency has become one of the easiest ways to donate to charity without the funds being funneled to third parties. Go to Source Powered by WPeMatico
South Korea to Start Taxing Bitcoin Profits in 2021
South Korea will start taxing profits from bitcoin (BTC) and other cryptocurrencies next year, according to local media reports. The taxation will also apply to bitcoin mining operations and income from initial coin offerings, should it be approved by Parliament. South Korea’s Ministry of Economy and Finance proposed the amendments to the existing tax law … Read more
Algorand Partnership Offers Integrated Accounting to Token Holders
Verady will integrate ALGO onto its crypto taxation platform Ledgible. Go to Source Powered by WPeMatico
