Japan considers implementing tax reforms to prevent capital flight of crypto startups
Industry experts say that the current scheme is stifling domestic innovation in the virtual currency sector. Go to Source Powered by WPeMatico
Taxes
Auto Added by WPeMatico
Crypto tax can wait, free coins can’t: S. Korea mulls ‘gift tax’ for airdrops
South Korea has postponed its crypto gains tax on multiple occasions due to a lack of investor protection measures and regulatory guidelines. Go to Source Powered by WPeMatico
Biden is hiring 87,000 new IRS agents — and they’re coming for you
The Internal Revenue Service is hiring a fleet of new agents. And they’re probably coming for you — regardless of your income level. Go to Source Powered by WPeMatico
Colombia to prevent tax evasion with national digital currency: Report
A national digital currency would help curb tax evasion in Colombia, which is estimated at up to 8% of GDP, the head of Colombia’s tax and customs agency said. Go to Source Powered by WPeMatico
IRS takes out John Doe summons on crypto prime dealer SFOX to find tax cheat customers
The U.S. tax service has used the same tactic to gain information from Circle, Coinbase and Kraken in recent years, as analysis finds that half of taxes on crypto go unpaid. Go to Source Powered by WPeMatico
Buenos Aires to Run Ethereum Nodes by 2023
The city of Buenos Aires will deploy a number of Ethereum validator nodes in 2023. The statements were made by Diego Fernandez, secretary of Innovation and Digital Transformation of the city, who clarified this deployment will pursue exploratory and regulatory purposes and will help the city to develop regulations for cryptocurrencies. Buenos Aires to Deploy … Read more
Belarus Issues International Arrest Warrant for Owner of Country’s ‘Largest Crypto Exchanger’
Law enforcement officials in Minsk are seeking international assistance to locate and detain the man who ran what is said to be the biggest online exchanger for cryptocurrencies in Belarus. The crypto trader has been accused of tax evasion and an investigation against three of his accomplices has estimated the losses for the state at … Read more
IRS Expands Crypto Question on Tax Form
The Internal Revenue Service (IRS) has modified the crypto question asked on Form 1040, the tax form used by all U.S. taxpayers to file an annual income tax return. New Crypto Tax Question The Internal Revenue Service (IRS) published a draft of Form 1040 for the 2022 tax year last week. Form 1040 is the … Read more
Crypto firms failed to deliver ‘promised benefits’ from lawmaker-backed incentives, says nonprofit
“At a minimum, the public should have a say in these crypto handouts,” said the Tech Transparency Project. Go to Source Powered by WPeMatico
Portuguese banks shutting crypto accounts citing risk management concerns
The Bank of Portugal has licensed all of the exchanges that have had their accounts closed, including Criptoloja, Mind The Coin and Luso Digital Assets. Go to Source Powered by WPeMatico