US Congressman Seeks Tax Clarity for Cryptocurrencies
A U.S. congressman proposed tax breaks for cryptocurrencies, arguing that current IRS codes are unreasonably demanding and deterrents to blockchain businesses Go to Source Powered by WPeMatico
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Japan: Tax Authorities Say Crypto Traders Owe Them $93 Million
Tax authorities in Japan say cryptocurrency traders have failed to report gains valued at $93 million over the past several years Go to Source Powered by WPeMatico
Belarus General Prosecutor Warns About Cryptocurrency’s Use in Tax Evasion
Belarus remains worried about crypto’s role in cybercrime and tax evasion, according to comments from the country’s general prosecutor Go to Source Powered by WPeMatico
Crypto-Italy: Institutions, Politics, Business and Society
Is Italy going “crypto”? Some significant changes have been affecting institutions and politics before today’s 2019 European elections — a survey on the status of the blockchain revolution in the Bel Paese Go to Source Powered by WPeMatico
Israeli Court Rules Bitcoin Is Not a Currency in Court Case Over Taxes on BTC Gains
An Israeli judge has ruled that bitcoin is an asset and not a currency Go to Source Powered by WPeMatico
IRS Plans to Issue Guidance on Virtual Currency Taxation
Internal Revenue Service (IRS) commissioner Charles Rettig has explained to U.S. representatives that the tax department plans to issue clearer guidance toward cryptocurrency taxation soon. Since 2014, Americans have been asking the tax agency for better clarification in regard to official tax guidelines. Also read: Last Will Platform Allows Your Loved Ones to Inherit Your … Read more
US Tax Authority Prioritizes Issuing Guidance on Cryptocurrencies
The U.S. IRS states that the agency “made it a priority” to issue relevant guidance on cryptocurrency taxation Go to Source Powered by WPeMatico
BitPay Partners With Refundo to Enable Taxpayers to Receive Refunds in Bitcoin
BitPay has partnered’ with tax-related financial products company Refundo to allow people to get a portion of their tax refund in bitcoins Go to Source Powered by WPeMatico
Bitpay and Refundo Now Provide Tax Return Payouts in BTC
On April 30, the global cryptocurrency payment processing firm Bitpay announced its partnership with the tax-related financial products and services provider Refundo. The collaboration will give U.S. residents the ability to receive all or a portion of their federal and state tax refunds in crypto. Also read: How to Create a Bitcoin Cash Wallet With … Read more
Australian Tax Agency Goes After Cryptocurrency Traders in Exchange Data Push
Australia’s tax agency will seek to contact cryptocurrency traders personally about tax issues as part of a new data collection scheme Go to Source Powered by WPeMatico