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Canada Tax Collector Seeks to Force Crypto Exchange Coinsquare to Fork Over Client Records
6.11.2020
The demand mimics a play tax enforcers at the IRS deployed against Coinbase
John McAfee Pumps Crypto From Prison, Denies Tax Fraud and Murder Charges
31.10.2020
John McAfee has shared many details about his life in Spanish prison and chances of extradition to the U.S. He additionally claims to have regained control of his ghost cryptocurrency project. Prison Life ‘Is an Adventure’ Former U.S. presidential candidate and antivirus software tycoon...
Tax professional explains the most important thing for US crypto holders
29.10.2020
Tax season is confusing, especially when it comes to crypto
PayPal’s Crypto Offering May Be ‘a Huge Headache’ for Taxpayers
26.10.2020
PayPal opening its network to cryptocurrencies could create a serious tax headache for users
Tax Payers Must Disclose Airdropped, Forked Cryptos, Says IRS’ Draft 2020 Guidance
26.10.2020
The U.S. tax agency has clarified who needs to answer "yes" to a question over cryptocurrency activity included in the draft 1040 income tax form
PayPal Cuts Service to Crypto-Funded Domain Registrar Hosting Right-Wing Sites
26.10.2020
A report suggests the action may be over the firm's digital currency, Masterbucks
Will PayPal’s crypto offer turn into a tax nightmare?
22.10.2020
U.S. capital gains tax laws are likely to catch out many new users of PayPal's cryptocurrency payments system
Bitcoin Proponents Bemoan Joe Biden’s Proposed Capital Gains Hike
20.10.2020
The U.S. presidential election is only 14 days away, and a number of bitcoin proponents have been discussing the capital gains tax implications Joe Biden plans to invoke if he wins the American presidency. According to Biden’s plan, capital gains will be raised from 21% to 39.6% for certain...
Peter Schiff’s Euro Pacific Bank Under Investigation by Tax Authorities in 5 Countries
19.10.2020
Euro Pacific Bank, founded by gold bug and bitcoin skeptic Peter Schiff, is reportedly under investigation by the tax authorities of five countries. The bank’s customers allegedly include several tax fraud masterminds and a Russian syndicate described by the FBI as the world’s worst...
Bitcoin Critic Peter Schiff’s Bank Under Spotlight in Global Tax Probe
19.10.2020
A Puerto Rico-based bank founded by long-time bitcoin skeptic Peter Schiff is under investigation over suspicions it facilitated tax evasion
Fool's gold? Peter Schiff's bank under investigation in tax evasion probe
18.10.2020
Does an extortion attempt from Russian hackers explain Schiff's hatred for Bitcoin?
Foreign Crypto Exchanges Like Paxful, Binance to Pay 1.5% Tax Under Kenya’s New Regulations
16.10.2020
The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1.5% on gross transaction value, local media reported. In August, the agency announced new rules for the taxation of what it calls “digital...
Korean blockchain lobby calls for crypto tax plan to be put on ice
16.10.2020
The Korea Blockchain Association wants the government to postpone the implementation of its new tax framework until 2023
Spain Approves Bill Requiring Cryptocurrency Owners to Disclose Crypto Holdings and Gains
14.10.2020
Spain’s government has reportedly approved a bill that requires cryptocurrency owners to disclose their crypto holdings and any gains on their assets. Spain’s Finance Minister and the government’s spokesperson, Maria Jesus Montero, said at a press conference following the weekly...
The OECD Wants to Tax Your Crypto to Pay for COVID-19 Recovery Efforts
13.10.2020
Source: Adobe/Johanna Mühlbauer
The Organization for Economic Cooperation and Development (OECD) is looking to push its members to adopt crypto tax frameworks.
Per a new OECD report, the organization said it wants to promote transparency in all transactions involving cryptoassets, ensuring revenues...
Spain Working on Bill to Force Crypto Holders to Disclose Assets, Gains
13.10.2020
The planned bill comes as part of broader legislation aimed at cracking down on tax fraud, a government spokesperson said
OECD Preparing Crypto Tax Reporting Framework for World’s Largest Economies
12.10.2020
The tax framework may address questions surrounding wallet providers and income not derived from crypto sales
Better regulation needed to stop crypto tax evaders from running wild
10.10.2020
U.S. regulators are starting to track crypto more seriously, and that’s a good sign for all crypto holders
South Korean MP Calls Tax Authority's Bithumb USD 67m Bill ‘Baseless’
9.10.2020
South Korean trading platform Bithumb has won a powerful supporter in its quest to fight an unprecedented multi-million tax bill after an MP and parliamentary finance committee member claimed the nation’s tax authority’s USD 67m tax bill – served to the crypto exchange late last year – has no legal...
South Korea May Review Crypto Tax Law ahead of 2021 Regulations
8.10.2020
The South Korean government said that it is conditionally prepared to carry out a review of crypto tax regulations – a year ahead of the promulgation of the country’s first crypto-specific tax law.
Per news agency Yonhap, Hong Namk-ki, the Deputy Prime Minister and the nation’s finance minister...