Lithuanian tax service’s first confiscated crypto sale nets $7.6M
The Lithuanian State Tax Inspectorate exchanged Bitcoin, Ether and Monero for 6.4 million euro. Go to Source Powered by WPeMatico
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Friendliest of them all? These could be the best countries for crypto
The level of freedoms that the U.S. has provides an argument for the country as the most crypto-friendly location, although Puerto Rico also has its benefits. Go to Source Powered by WPeMatico
Big Macs for stacking Sats: Bad Crypto news of the week
Check out this week’s Bad Crypto podcast Go to Source Powered by WPeMatico
U.S. law firm says IRS is coming after Coinbase users who evade taxes
Once an IRS investigation or audit is opened, it’s too late to make amends, warn tax lawyers. Go to Source Powered by WPeMatico
How the IRS tracks down people who don’t report their crypto
The United States tax authority doesn’t seem to be very efficient when it comes to tracking down who owes crypto taxes — for now. Go to Source Powered by WPeMatico
Tax professional explains the most important thing for US crypto holders
Tax season is confusing, especially when it comes to crypto. Go to Source Powered by WPeMatico
Winklevoss’ Gemini exchange to count crypto taxes in real time
TaxBit’s tool will allow Gemini customers to increase their tax refund. Go to Source Powered by WPeMatico
Bitcoin Proponents Bemoan Joe Biden’s Proposed Capital Gains Hike
The U.S. presidential election is only 14 days away, and a number of bitcoin proponents have been discussing the capital gains tax implications Joe Biden plans to invoke if he wins the American presidency. According to Biden’s plan, capital gains will be raised from 21% to 39.6% for certain income brackets. Two weeks ago, the … Read more
Fool’s gold? Peter Schiff’s bank under investigation in tax evasion probe
Does an extortion attempt from Russian hackers explain Schiff’s hatred for Bitcoin? Go to Source Powered by WPeMatico
Foreign Crypto Exchanges Like Paxful, Binance to Pay 1.5% Tax Under Kenya’s New Regulations
The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1.5% on gross transaction value, local media reported. In August, the agency announced new rules for the taxation of what it calls “digital marketplaces.” However, with oblique definitions on such key terms, … Read more
