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Switzerland has started sharing financial account information with tax authorities in dozens of countries as a way of fighting tax evasion, but Africa, which loses about $60 billion in illicit flows each year, mostly into European banks, is conspicuous by its absence from the deal. Swiss bank accounts have long been stereotyped as enablers of … Read more
Several financial institutions in Europe, like Danske Bank and Swedbank, have been mentioned in a Lithuanian report investigating large-scale crypto-fiat transactions that took place in the past two years. Some of the banks’ clients traded digital coins worth millions of euros and the Baltic nation’s financial crime combating agency wants to know where the first … Read more
Do you think that all the Canadians are lumberjacks or strong hockey players? Wrong! Go to Source Powered by WPeMatico
An alternative bill on crypto proposed by the Ukrainian opposition offers a tax holiday for all crypto traders up until 2030 Go to Source Powered by WPeMatico
U.S. Congressman Tom Emmer is planning to introduce three bills to support and facilitate the development of blockchain technology and cryptocurrencies Go to Source Powered by WPeMatico
On Wednesday September 19, a committee of US bureaucrats sent an open letter to the Internal Revenue Service (IRS) in regard to the way cryptocurrencies are taxed. The representatives’ letter directed towards IRS commissioner David Kautter wants the taxation office to publish provisional guidelines on how digital currency transactions and investments should be handled when US … Read more
U.S. lawmakers have urged the Internal Revenue Service (IRS) to issue clear and “comprehensive” crypto taxation guidance, saying it is overly focused on enforcement Go to Source Powered by WPeMatico
The SEC and FINRA scold some alleged crypto scams, the Winklevoss twins pop out a new stablecoin, and more in this week’s Hodler’s Digest Go to Source Powered by WPeMatico
Over the last two years in the US, the federal government and states have been trying to grasp the concept of cryptocurrencies and apply them to traditional finance laws like taxes. The task has proven to be extremely difficult for federal agencies and officials however. One confusing issue is the application of state sales tax … Read more
Doing business, relying on your own abilities and talents to make a living, shouldn’t be so hard to start. But unlike the times when almost everyone was a farmer, a craftsman, a merchant, basically a businessman, in today’s realities overreaching state regulations, initial capital needs, unhealthy competition from the bigwigs in an industry, often present … Read more