South Korea Finalizes Cryptocurrency Income Tax of 20%
South Korea has finalized a new 20% tax rate for income generated from crypto trading. Go to Source Powered by WPeMatico
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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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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 … Read more
Tax Time: Ernst & Young Release Crypto Tax App
A new crypto reporting app by the big four accounting firm EY will help clients with tax reporting as the IRS cracks down on tax evasion. Go to Source Powered by WPeMatico
IRS Tells Couple With $7 Million in Bitcoin to Liquidate Crypto Assets and Pay off Tax Debt
The Internal Revenue Service (IRS) has won a case in which it demanded that a Maryland couple liquidate their bitcoin to pay-off a $1.1 million tax debt. Alexander and Laura Strashny proposed to the IRS to pay their 2017 tax liability, generated from non-crypto activities, in installments over a six-year period. But after seeing the … Read more
