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Czech gov’t moves to exempt crypto held for 3+ years from being taxed
6.12.2024
The Prime Minister said Czech residents would not have to report crypto transactions under $4,200 per year or pay taxes for selling digital assets held for more than three years
Binance, WazirX among crypto firms evading taxes in India, says gov’t
4.12.2024
India has recovered $14 million in goods and services tax from crypto firms like WazirX, but Binance has yet to pay its $85 million tax evasion liabilities, the minister said
Russian gov’t approves new crypto taxation framework
28.11.2024
The Russian Federation Council’s approval of the new crypto taxation regime comes amid Bitcoin hitting all-time highs against Russia’s national currency, the ruble
Crypto thrives in India despite ‘discouraging’ taxes — Local community
28.11.2024
India’s crypto community has shown resilience to harsh taxation requirements, with its crypto ecosystem gaining momentum, although not at its full potential
Russia Approves Crypto Tax Law, Redefining Digital Currency Rules
28.11.2024
Russia’s new crypto tax law classifies digital currencies as property, exempts mining from VAT, and mandates detailed reporting, signaling a seismic shift in regulation. Russia’s New Crypto Tax Rules Signal a Major Shift in Digital Currency Regulations The Federation Council, Russia’s upper house...
Flat Tax Frenzy: Americans Debate Tax Code Overhaul on X
24.11.2024
Conversations about adopting a flat tax in the United States are lighting up the social media platform X. 16 Million Words Too Many? Department of Government Efficiency Sparks Flat Tax Debate The debate hit a fever pitch after the Department of Government Efficiency (DOGE), spearheaded by prominent...
Australia Seeks Public Input on Crypto Tax Reporting
22.11.2024
The Australian Treasury has invited public feedback on implementing the Organization for Economic Cooperation and Development (OECD)’s crypto asset reporting model. Tackling Crypto-Linked Tax Evasion The Australian Treasury has invited the public to comment on options for the country’s...
Coinbase CEO Advocates Ending Individual Income Tax Entirely, Shifting Burden to Businesses
19.11.2024
Coinbase CEO Brian Armstrong wants to scrap income taxes entirely, dumping the 150,000-page tax code and shifting the chaos to businesses. Coinbase’s CEO Challenges America’s Tax Code Chaos With Controversial Idea Brian Armstrong, CEO of cryptocurrency exchange Coinbase (Nasdaq: COIN),...
South Korean city threatens to sell crypto of tax debtors
18.11.2024
Paju city officials in South Korea targeted citizens with unpaid taxes, threatening to seize and sell their crypto assets if debts are not cleared by the end of November
South Korean city threatens to sell crypto of tax debtors
18.11.2024
Paju city officials in South Korea targeted citizens with unpaid taxes, threatening to seize and sell their crypto assets if debts are not cleared by the end of November
South Korean city threatens to sell crypto of tax debtors
18.11.2024
Paju city officials in South Korea targeted citizens with unpaid taxes, threatening to seize and sell their crypto assets if debts are not cleared by the end of November
South Korean city threatens to sell crypto of tax debtors
18.11.2024
Paju city officials in South Korea target citizens with unpaid taxes, threatening to seize and sell their crypto assets if debts are not cleared by the end of November
US gov’t job could allow Elon Musk to defer capital gains tax
15.11.2024
The ‘DOGE’ department proposed by Elon Musk could allow the Tesla CEO to divest many of his assets and defer paying taxes
US gov’t job could allow Elon Musk to defer capital gains tax
15.11.2024
The “DOGE” department proposed by Elon Musk could allow the Tesla CEO to divest many of his assets and defer paying taxes
Italy scales back plans to hike crypto tax rate: Report
12.11.2024
A Bloomberg report suggested Italian Prime Minister Giorgia Meloni could accept a proposal for a 28% tax hike on crypto rather than a 42% one
Italy scales back plans to hike crypto tax rate: Report
12.11.2024
A Bloomberg report suggested Italian Prime Minister Giorgia Meloni could accept a proposal for a 28% tax hike on crypto rather than a 42% one
Detroit residents will be able to pay taxes with crypto from mid-2025
8.11.2024
Detroit says the move to begin accepting crypto as payment for taxes and other city services was part of a broader effort to “modernize and improve” its payment channels
Detroiters Will Be Able to Pay Their Taxes in Crypto Next Year Using PayPal
7.11.2024
Detroiters will soon be able to pay their taxes and other city fees with crypto through PayPal, according to a Thursday announcement from Detroit’s Office of the Treasury
Kenya Collects Over $77M in Taxes From 384 Crypto Traders
6.11.2024
The Kenyan government collected $77.5 million tax revenue from cryptocurrency traders in the last fiscal year. Kenya Seeks $465 Million in Crypto Taxes The Kenyan government collected $77.5 million (10 billion shillings) in taxes from cryptocurrency traders during the 2023-24 financial year...
IRS: Frozen Crypto Rewards Taxable Despite Account Lockdowns
2.11.2024
Crypto rewards received before an account freeze are taxable in the year they’re received, even if holders can’t access their funds later, the IRS says. IRS Clarifies Tax Rules for Digital Assets in Locked Accounts The Internal Revenue Service (IRS) issued a memorandum in October, addressing...