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Former bank employees have received bonuses worth millions of euros in an illegal trading scheme that also involved a tax lawyer, prosecutors in Frankfurt revealed this week. The case is part of multiple investigations carried out across Germany, the hardest hit country in a notorious tax fraud scandal known as the Cum-ex Files. Also read: … Read more
A new presidential decree in Uzbekistan envisages the introduction of tax exemptions for income obtained from operations involving crypto assets. The draft document published recently also incorporates proposals for the establishment of a blockchain valley and licensing regime for cryptocurrency miners. The country has just launched its first licensed crypto exchange. Also read: Uzbekistan to … Read more
On January 17, the UK tax agency Her Majesty’s Revenue and Customs (HMRC) published a job opportunity for a private contractor to design a cryptocurrency blockchain analysis tool. According to the listing, the contract is for one year and HMRC will pay the contractor $100,000 for software that can “identify and cluster crypto asset transactions.” … Read more
As cyber crimes evolve, Britain’s tax agency pursues new tech to combat growing tax evasion using crypto Go to Source Powered by WPeMatico
New Hampshire state representatives have killed the legislature’s second attempt to accept crypto tax payments, saying that Bitcoin’s volatility is too high Go to Source Powered by WPeMatico
A bill to protect crypto users from capital gains taxes on day-to-day transactions has been reintroduced in US Congress Go to Source Powered by WPeMatico
Bithumb crypto exchange is taking South Korean tax officials to court over a $69 million tax bill Go to Source Powered by WPeMatico
2019 was the year when the term “cryptocurrency tax” became deeply embedded in token-holders’ lexicons. Sure, the idea that you’d have to pay tax on your bitcoin or other digital assets has been kicking around for years, but more column inches were devoted to the taxation of crypto last year than any preceding it. Undoubtedly … Read more
Authors of New York’s new digital payments system Inclusive Value Ledger claim that the initiative is still open for implementing blockchain technology Go to Source Powered by WPeMatico
Be careful with cryptocurrency taxes because mistakes — even accidental ones — might cost you Go to Source Powered by WPeMatico
