Thailand Introduces Blockchain-Based Tax Refunds for Oil Exporters
The Thai Excise Department to introduce a blockchain-based tax payback system for oil exporters Go to Source Powered by WPeMatico
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US Deputy Treasury Secretary: Crypto Raises Questions on Self-Government
Digital currencies can shift some functions usually performed by the government to the private sector, the U.S. Deputy Treasury Secretary argued Go to Source Powered by WPeMatico
IRS Dispels Crypto Tax Confusion
The U.S. Internal Revenue Service (IRS) has cleared up some confusion about how cryptocurrency transactions are taxed, particularly regarding like-kind exchanges and promotional airdrops. As the tax agency intensifies its enforcement efforts, more people are seeking the best tax software to help them. Also read: Tax Guide: What Crypto Owners Should Know Pre-2018 Like-Kind Exchanges … Read more
IRS: Like-Kind Tax Exemption Has Never Applied to Crypto Transactions
U.S. taxpayers have never been authorized to postpone paying tax using the like-kind exchange principle, an IRS official says Go to Source Powered by WPeMatico
Crypto Tax Guidelines Leave More Questions Than Answers
Cryptocurrency holders have long wrestled with their tax obligations. These fiduciary duties have been complicated by tax agencies, which are several steps behind technology and now playing crypto catch-up. Updated guidelines from the U.S. and U.K.’s tax agencies were finally released this year, but the initial relief felt by conscientious bitcoiners was to prove short-lived, … Read more
Britain’s Tax Authority Updates Crypto Guidelines
Her Majesty’s Revenue and Customs (HMRC) has updated its guidelines on the taxation of transactions involving crypto assets. The United Kingdom’s tax authority clarifies its stance on cryptocurrencies and explains which taxes apply to specific activities carried out by business entities and private individuals. Also read: Bad Loans at Big British Banks Jump Over 50% … Read more
British Tax Authority Updates Cryptocurrency Guidelines, Says It Is Not Money
Her Majesty’s Revenue and Customs has updated cryptocurrency taxation guidelines for businesses and individuals Go to Source Powered by WPeMatico
The Future of Cryptocurrencies in the UK Hangs on FCA’s Decision
The U.K. is starting to lose its position as a fintech leader, and the proposed crypto ban will make it worse. Will the FCA save this from happening? Go to Source Powered by WPeMatico
5 Takeaways From the New IRS Crypto Tax Guidance
The IRS released an update to its guidance on crypto taxation earlier this month, the first such update since the initial version in 2014. The new guidance is in the form of a Q/A released on the IRS’s website – it mainly clarifies the tax treatment of Hard Forks and Airdrops but also underlines the … Read more
Crypto and Blockchain News From German-Speaking World: Oct. 20-26
Cointelegraph auf Deutsch presents a weekly digest of developments from the German-speaking world Go to Source Powered by WPeMatico
