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Argentina Signs Automatic Tax Data Sharing Agreement With the United States
6.12.2022
The government of Argentina has signed a data sharing agreement with the U.S. to enhance the cooperation of the countries in the tax arena. The agreement, which was signed by Sergio Massa, minister of economy of Argentina, and U.S. ambassador Marc Stanley, will allow the Argentine national...
How can UK-based businesses accept Bitcoin?
5.12.2022
Through Bitcoin payment processors like BitPay, businesses in the UK can offer BTC as a payment method during checkout
Report: Nigerian Finance Bill Has Provisions Allowing Govt to Tax Crypto Transactions
5.12.2022
A Nigerian finance bill, which seeks to amend the country’s various tax statutes, contains provisions which allow the government to tax cryptocurrency and other digital asset transactions, a report has said. Nigeria is reportedly seeking to join six other countries, including two from Africa...
Save Thousands In Taxes by Harvesting NFT Losses – CoinLedger Explains How
5.12.2022
There’s a silver lining to the crash in the NFT market — millions of dollars of potential tax-savings. To help NFT investors claim their tax-savings before the end of the year, CoinLedger recently launched an NFT tax-loss harvesting tool. Let’s break down how the tool works...
Italy Wants to Tax Crypto Gains at 26% From 2023
1.12.2022
The new government of Italy plans to impose a 26% tax on capital gains from crypto trading, according to the draft budget for next year. The center-right coalition in power is also preparing to oblige Italians to declare their digital assets and pay 14% on their holdings. Government in Italy...
Report: Kenyan Lawmaker Proposes Introducing Crypto Income and Capital Gains Tax
23.11.2022
According to a capital markets amendment bill reportedly sponsored by Kenyan lawmaker Abraham Kirwa, cryptocurrency holders in the country will be obliged to pay taxes on gains. In addition, the bill (if passed into law) would require crypto holders to furnish Kenya’s Capital Markets...
Kenyan legislation establishes crypto taxation, creates consumer protections
21.11.2022
The country’s first effort at crypto regulation amends the country’s Capital Markets Law to define crypto as a security and establish reporting, tax and other requirements
New Council at Ukraine’s Securities Watchdog to Draft Crypto Taxation Regulations
21.11.2022
A special council under Ukraine’s securities regulator will be tasked to develop rules for crypto taxation in the country. The new body will be also responsible for coordinating the regulation of various crypto activities and adjustments to the applicable legislation. Advisory Board to Take...
Binance CEO: We Don’t See a Viable Business in India
21.11.2022
Binance CEO Changpeng Zhao (CZ) says India is currently not a viable business environment for his cryptocurrency exchange, citing a strict tax regime. The executive explained: “Binance goes to countries where regulations are pro-crypto and pro-business.” Binance’s CEO on Indian...
Why Crypto Taxes Get Complicated (Especially for Institutions)
18.11.2022
EY’s Crypto Tax Leader Breaks Down What You Need to Know This Tax Season
17.11.2022
Crypto Users Want to Pay Taxes, but We Need Clearer Rules
17.11.2022
The need for comprehensive crypto tax reform will only become clearer as people start interacting with blockchains – and incurring capital gains taxes – without realizing
Taxes and Music NFTs: A Match Made in Hell?
16.11.2022
Amazon's MMO Forces Players To Pay Higher Tax Rate Than Jeff Bezos IRL
16.11.2022
Last week, New World’s patch notes indicated that taxes on Trade Post transactions would increase from 2.5 percent to a whopping 5 percent. What’s funny about this situation is that the MMO is published by Amazon Games, which is owned by Jeff Bezos. Last year, ProPublica reported that Jeff Bezos...
What's the Matter With Delaware? How Joe Biden's Home State Became a Global Tax Avoidance Hub
15.11.2022
Delaware is helping companies cheat the other 49 states of tax revenues – and that’s just the tip of the iceberg
Why Selling Some Bitcoin at a Loss Can Maximize Your Hodling Potential
14.11.2022
NFT Art Museum Donations? The Pros and Cons for Your Tax Bill
14.11.2022
TKTK
Brussels Set to Begin Talks on EU Crypto Tax, Report Reveals
12.11.2022
The European Commission is preparing to discuss with member states the adoption of a common tax regime for crypto assets, European officials have indicated. The talks with national treasuries are expected to start next year with the aim to end the differentiated tax treatment of cryptocurrencies...
Bank of Russia Suggests Tax Cuts for Long-Term Digital Asset Holders
9.11.2022
The Central Bank of Russia is proposing to introduce tax incentives for long-term holders of digital financial assets. The idea has been circulated with a consultation paper published for public discussions on the development of the digital asset market in the Russian Federation. Bank of Russia...
IRS Building ‘Hundreds’ of Crypto Cases — Official Says $7 Billion in Crypto Seized in 2022
8.11.2022
The Internal Revenue Service (IRS) is building “hundreds” of crypto cases to crack down on tax evasion, an official reportedly said. In the fiscal year 2022, the IRS Criminal Investigation Division seized about $7 billion in cryptocurrency, which was double the previous year’s...