How Financial Instruments Help to Avoid Big Crypto Tax Bills?: Expert Take
Properly designed loans, swaps and forward contracts offer a way to lock in profits now and defer tax until later #EXPERT_TAKE Go to Source Powered by WPeMatico
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Bitcoin Tax Reporting Software Developer Node40 Acquired for $8m
A publicly traded Canadian crypto miner has just made a $8 million bet that all bitcoin users around the world will eventually be compelled to report their transactions to the taxman, and that they will help handling this oftentimes complex process. Also Read: Vegetables on a Blockchain ICO Exit Scams After Paying People to Write … Read more
The Tax Man is Finally Catching Up On the Crypto Market
Taxing cryptocurrency gains have always been a puzzler for the taxation authorities, but, with coins like Bitcoin hitting the mainstream, and enough time elapsing, the tax man is catching up. #ANALYSIS Go to Source Powered by WPeMatico
Russia’s Longest-Serving Finance Minister Backs Crypto “Self-Regulation”
Former Russian Finance Minister Alexei Kudrin favors “self-regulation” in the cryptocurrency sector. He believes it will be more effective, at this early stage, than any imposed regulations. Others have expressed similar views about the currently proposed regime. Kudrin shared his opinion on social media, commenting on the latest developments in the crypto debate. The longtime … Read more
Why Are Portuguese Increasingly Excited About Cryptocurrency Trading: Expert Blog
Personal income tax does not apply to cryptocurrency gains in Portugal. Transactions on a foreign crypto exchange may be subject to cross-border taxes. #EXPERT_BLOG Go to Source Powered by WPeMatico
Indians Expect Clarity on Bitcoin Taxes within Days
Under mounting pressure to make decisions and take steps to clarify cryptocurrency matters, the Indian government may soon shed some light on one of many unclear aspects – taxation. Local media have turned the spotlight on Budget 2018, but lots of titles end with question marks. The new financial frame is to be presented next … Read more
What the FUD? Bitcoin Market Beset by January Woes
Crypto markets have dropped significantly from their highs in December, leading many pundits to call this a burst bubble. But let’s see what’s really been happening over the last month. #ANALYSIS Go to Source Powered by WPeMatico
Tax&Crypto: Expert Blog
Despite the amnesty program for crypto investors is on its way, owners of offshore accounts can use a back door. #EXPERT_BLOG Go to Source Powered by WPeMatico
Tax Loophole Closing For South Korean Cryptocurrency Exchanges
The South Korean government is working on taxing cryptocurrency transactions. While the media reports that up to 24.2 percent taxes will be collected this year from crypto exchanges, the regulators say that the tax rates have not been decided. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations What Tax Rates Apply To … Read more
Your Taxes Paid for a Lot of Blockchain Surveillance Last Year
Governments worldwide have been ramping up regulations for cryptocurrencies and hiring research and blockchain surveillance teams. One firm that tracks transactions on the Bitcoin Core blockchain is called Chainalysis, and this year the company has gathered over a half a million USD on record from various government and law enforcement entities. Also read: South Korean Exchange … Read more
