South Korea to Simplify Blockchain Investment With New Legislative Changes
Regulation overhauls this week see South Korea aim to simplify blockchain investment Go to Source Powered by WPeMatico
Taxes
Auto Added by WPeMatico
IRS Joins the J5, Should We Prepare to the International Enforcement? Expert Take
What is “The Joint Chiefs of Global Tax Enforcement” and how it could affect the crypto legislation around the world Go to Source Powered by WPeMatico
IRS Continues to Crack Down on Cryptocurrency Holders Who Shun Taxes
The IRS is keeping close tabs on cryptocurrency users across the United States. A brand-new compliance campaign has been launched to ensure everyone files their taxes properly when it comes to Bitcoin and altcoins. This new development is not entirely surprising, as there are still plenty of speculators who do not report gains or losses … Read more
What Is the J5 Initiative?
Cryptocurrency users have a few interesting habits when it comes to dealing with taxes. This has caused the IRS to launch official investigations involving cryptocurrency exchanges. Additionally, it seems the agency has co-founded the J5 initiative, or Joint Chiefs of Global Tax Enforcement. The J5 Initiative Is Born Various countries around the world have introduced … Read more
Israel Tax Authority Convinces Local Exchange to Report Big Traders
Tax agencies around the world keep applying pressure on bitcoin and crypto companies to make their operations transparent to them. The latest example comes from Israel, where a local exchange with over 50,000 clients has been convinced to report its bigger traders to the national tax authority. Also Read: Decentral Launches Its New Crypto Wallet … Read more
Five Nations Launch Tax Enforcement Alliance to Tackle Crypto, Cybercrime ‘Threat’
The U.S. IRS launches transnational taskforce together with tax enforcement agencies from four other countries to tackle crypto-enabled crimes Go to Source Powered by WPeMatico
Zug’s Head of Comms Calls City Blockchain Voting Test a ‘Success’, Despite Low Turnout
Zug’s blockchain-based municipal vote trial was deemed a “success” by the city’s head of communication, despite low voter turnout Go to Source Powered by WPeMatico
Meet the Liberty Advisor Helping the Crypto-Rich Avoid Capital Gains
Since the incredible bull run last year, early adopters, and even people who invested in cryptocurrencies back in January 2017, have made an incredible amount of financial gains. In the U.S. some people who want to cash out a good chunk of money realize they’ll end up paying the taxman (IRS) a lot of money … Read more
Do Crypto Trusts Save Taxes? Expert Take
Some crypto investors resort to putting their crypto in legal entities such as corporations, LLCs or partnerships Go to Source Powered by WPeMatico
Japan Wants to Scrap Its Progressive Crypto Tax Rate
Cryptocurrency traders in Japan currently can be taxed as high as 55% on their profits. However, the country’s Deputy Prime Minister, Taro Aso, wants to change how crypto transactions are taxed, from a progressive rate to a uniform rate. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Aso Wants to Change Crypto Taxation The Japanese … Read more
