Bookmarking Crypto Insights
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Kicking off this year’s tax filing season, the U.S. Internal Revenue Service (IRS) has published important tips for crypto owners to properly file their tax returns. This is the first time a cryptocurrency question has been included in the tax form. The IRS expects more than 150 million filers to reveal whether they acquired or … Read more
The Swiss municipality of Zermatt is now the second city in Switzerland where taxpayers are officially allowed to pay their dues in Bitcoin Go to Source Powered by WPeMatico
Tax season for United States residents is fast approaching, and the IRS wants to know about everyone’s involvement in the crypto space. Thanks to a recently updated income tax form including a question about crypto activity, tax preparation companies like H&R Block are advising filers to be sure to disclose their details. The service maintains … Read more
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