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A South African tax expert, Thomas Lobban, has warned non-tax paying crypto traders that they now face possible jail time if the South African Revenue Services (SARS) decides to lay tax offense charges against them. He adds that this threat of jail time similarly applies to South African crypto traders that use offshore exchange platforms … Read more
Crypto holders in the United States, Canada, and now Australia can generate tax reports using the exchange. Go to Source Powered by WPeMatico
The company said some of the funds would be used to open new offices in the United States and the United Kingdom. Go to Source Powered by WPeMatico
“Who knows how much innovation we’re going to stifle, who knows what kind of new apps never emerge,” said Senator Pat Toomey. Go to Source Powered by WPeMatico
Some are urging U.S.-based crypto users to contact their representatives in support of the amendment from Wyden, Lummis and Toomey. Go to Source Powered by WPeMatico
Janet Yellen’s position on a “compromise” amendment proposed yesterday is unclear, but she reportedly raised objections to the language on crypto put forth by Senators Wyden, Lummis, and Toomey. Go to Source Powered by WPeMatico
The draft bill intends to allow property owners to pay mortgages with crypto and authorize the real estate sector to use their own crypto for mortgage purchases in Spain. Go to Source Powered by WPeMatico
The IRS has considered crypto mining revenue as part of taxable income since 2014. Go to Source Powered by WPeMatico
EY expects that its new blockchain-based withholding tax solution can lay a foundation for the European Commission’s withholding tax relief system. Go to Source Powered by WPeMatico
The South Korean government has proposed an amendment to the tax code to allow the country’s tax authority to seize and sell cryptocurrencies belonging to delinquent taxpayers. “The revision will allow direct seizing without court-approved change in ownership records. Assets held by tax dodgers in the form of digital coins will no longer evade seizure … Read more
