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Nalezeno "Taxes": 1162

Crypto Wants a De Minimis Tax Exemption in the U.S.

19.9.2023
The leaders of the Senate Finance Committee, Sens. Ron Wyden (D-Ore.) and Mike Crapo (R-Idaho) published an open letter in July asking the crypto industry to weigh in on crypto tax issues, including loans, staking, mining, constructive sales and wash trading. These comments were due earlier this...

Thailand to start taxing overseas income next year, including from crypto

19.9.2023
Any person who resides in Thailand for up to 180 days, would be subject to personal income tax on foreign assets, including crypto

9 US Senators publicly back Elizabeth Warren’s crypto bill

18.9.2023
Senator Elizabeth Warren announces the expansion of her coalition to crack down on “crypto’s use in money laundering, drug trafficking, sanctions evasion.”

EU parliament votes overwhelmingly in support of DAC8 crypto tax reporting rule

13.9.2023
The measure received 535 votes for with 57 against and 60 abstentions in a plenary session

G20 moves forward with international crypto framework

9.9.2023
The upcoming framework will affect users in several countries by automatically exchanging information about crypto transactions between jurisdictions on an annual basis

Blockchain Association responds to US lawmakers’ request for crypto tax guidance

8.9.2023
Lawmakers with the U.S. Senate Financial Services Committee announced in July they would be accepting suggestions on how to tax crypto until Sept. 8

Japanese regulator seeks to scrap “unrealized gains” tax on crypto

5.9.2023
Financial Services Agency has proposed to change the tax code around digital assets in a bid to free domestic firms from the end-of-the-year “unrealized gains” tax on crypto

Tax the Metaverse Calls Gain Momentum Following Scholarly Research

5.9.2023
A new research paper from Harvard legal scholar Christine Kim argues that the same tax principles that apply to physical world income should extend to the metaverse. Christine Kim, a law professor at Yeshiva University, laid out the case for taxing the metaverse in her recent paper "Taxing...

Failure to tax the metaverse ‘will create a tax haven’ — Harvard legal expert

4.9.2023
Harvard scholar Christine Kim writes that income and wealth in the metaverse should be subject to immediate taxation

Colorado DMV Accepts Crypto Payments Through Paypal

2.9.2023
The Colorado Department of Motor Vehicles (DMV) has announced it accepts cryptocurrency for its online services via the payment processor Paypal. Besides paying local taxes with coins, residents of the crypto-friendly state will be able to use their digital cash to renew driver’s licenses...

Kentucky regulator denies plan for subsidizing crypto mining facility

1.9.2023
A proposed contact with the Kentucky Power Company would have allowed Ebon International to receive a discounted rate for service at its crypto mining facility over a decade

Tornado Cash Indictments May Prove to Be Just a Localized Storm After All

30.8.2023
The Tornado Cash indictments could be another tipping point for crypto. How the case plays out could define how the federal government can deal with decentralized trading platforms if they’re seen as broad precedents. But the case may be much more straightforward than initial reactions suggested

Indian crypto exchanges CoinSwitch, CoinDCX cut staff amid market slump

29.8.2023
Indian crypto exchanges like CoinSwitch and CoinDCX have been struggling to maintain headcount amid bear market and TDS

New tax rules for crypto in the US: Law Decoded

28.8.2023
The United States Internal Revenue Service has released proposed regulations on the sale and exchange of digital assets by brokers

IRS releases draft of proposed reporting rules for digital asset brokers

25.8.2023
House Financial Service Committee chair Patrick McHenry said the rules are part of “the Biden Administration’s ongoing attack on the digital asset ecosystem.”

U.S. Crypto Tax Proposal Lets Miners off the Hook, Snares ‘Some’ Decentralized Exchanges

25.8.2023
The U.S. Treasury Department has finally unveiled its definition of a "broker" for the crypto industry, defining how crypto companies and investors will need to meet tax reporting obligations and answering a years-old question over whether decentralized finance platforms and miners will need...