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
Taxes
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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
Korean blockchain lobby calls for crypto tax plan to be put on ice
The Korea Blockchain Association wants the government to postpone the implementation of its new tax framework until 2023. Go to Source Powered by WPeMatico
Spain’s new bill proposal complicates crypto for citizens
Spain’s new anti-tax fraud bill includes crypto implications. Go to Source Powered by WPeMatico
New Zeland’s tax authority grills companies for info on crypto users
If it’s a taxable event, authorities want to know. Go to Source Powered by WPeMatico
Israeli regulators propose Bitcoin be taxed as a currency, not an asset
“The regulatory reality in Israel is not adapted to the existing reality in the field,” the proposed bill states. Go to Source Powered by WPeMatico
