Taxes – Page 44 – DIGIT INFO

South Korea to Charge 20% Tax on Bitcoin Profits Under New Law

South Korea to Charge 20% Tax on Bitcoin Profits Under New Law South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance said income from digital assets below 2.5 […]

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Cryptocurrencies Could Undermine Obsolete Laws, Says Cybersecurity Expert

According to Pavol Luptak, “cryptocurrencies or crypto markets may undermine government laws and regulations that are obsolete for the 21st digital century.”

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South Korea Finalizes Cryptocurrency Income Tax of 20%

South Korea has finalized a new 20% tax rate for income generated from crypto trading.

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South Korea Could Issue a Crypto Capital Gains Tax as High as 20%

Crypto taxation in South Korea could increase to 20% for capital gains.

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Legal Implications of Secondary SAFT Sales, Part 2

Part 2 of this series continues to cover the legal implications associated with the sale of SAFTs and focuses on taxes related to tokens.

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Coinbase Exec Says Capital Will Flee US Due to Crypto Tax Laws

Coinbase’s chief tax officer Lawrence Zlatkin says global customers are the future as non-U.S. jurisdictions are more open-minded.

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Sun Sets on Offshore Banking as Assets Worth $11 Trillion Uncovered

The three-year old Common Reporting Standard is uncovering offshore assets on a massive scale, highlighting cryptocurrencies as a potential alternative.

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Switzerland Won’t Amend Tax Law in Regard to Blockchain in Near Future

Switzerland does not need to amend its current tax legislation to cover blockchain-based arrangements, the Federal Council believes.

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South Korean Economist Warns New Tax Laws May Slow Down Crypto Market Growth

South Korea economist worries that tough regulation would slow down crypto’s growth.

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Ernst & Young Launches Application to Help US Crypto Investors With Tax Filings

Ernst & Young Launches Application to Help US Crypto Investors With Tax Filings Ernst & Young (EY) has introduced a new application that helps U.S. cryptocurrency traders calculate and file their taxes with ease. The EY Cryptoprep app, a Software as a Service (SaaS) web-based crypto tax engine, helps users calculate crypto-related gains and losses that have to be reported on Form 8949, a form used to report […]

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