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Opponents of the government’s plan to tax gains from cryptocurrency trading outnumber supporters among South Koreans in their 20s, a new survey shows. Representatives of other age groups are more open to the proposed taxation of investments in virtual assets. Nearly Half of Young Koreans Reject Tax on Crypto Profits According to the poll, a … Read more
“I have worked with this person for many years, and he has a tendency to try to change the terms of payment after agreeing on a certain way of operating,” said the contract worker. Go to Source Powered by WPeMatico
The U.K. tax authority is trying to crack down on wealth hidden in “unsanctioned” currencies. Go to Source Powered by WPeMatico
Officials are considering a tax on all cryptocurrency transactions in Indonesia. Go to Source Powered by WPeMatico
South Korea’s finance minister said that cryptocurrencies like Bitcoin will be taxed as “intangible assets.” Go to Source Powered by WPeMatico
Only 0.3% of taxpayers in the U.S. would be hit by higher levies on their investments under the new capital tax plan, a senior Biden administration official said. Go to Source Powered by WPeMatico
Are there any pitfalls in NFT taxation according to the current U.S. laws? Go to Source Powered by WPeMatico
The tax department of the Seoul metropolitan government in South Korea has reportedly seized cryptocurrencies worth about $25 million from hundreds of crypto investors with delinquent taxes. The cryptocurrencies, including bitcoin, were seized from three exchanges. The tax authority is now going after hundreds more taxpayers who are delinquent on paying their taxes. Crypto Seizure … Read more
“Our experience is that most people will follow all laws and regulations, and we will help those who invest in crypto to do it right,” said Marius Johansen. Go to Source Powered by WPeMatico
The recent John Doe summons developments indicate that the IRS is seriously interested in crypto — better to report than to be audited. Go to Source Powered by WPeMatico
