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US Lawmaker Reintroduces ‘Safe Harbor’ Crypto Tax Bill in Congress
10.7.2019
U.S. Congressman Tom Emmer has reintroduced his forked assets bill, an effort started in 2018 ostensibly to lessen the burden on crypto tax payers
Japanese Parliamentarian Wants Tokyo to Cut Crypto Tax
2.7.2019
Takesi Fujimaki. Source: Twitter / @fujimaki_takesi
A Japanese parliamentarian wants to bring about cryptocurrency tax reform – and tabled a petition on the matter with both houses of parliament.
Takesi Fujimaki, a former advisor to George Soros and an ex-JPMorgan Chase employee, is currently...
Tax Agency: ‘Risk of Crypto Tax Non-compliance Is High in Canada’
14.6.2019
The Canada Revenue Agency (CRA), the country’s leading tax authority, has suggested that cryptocurrency taxation clampdowns are on their way. The agency hinted that individuals and businesses across the country will need to fall in line with compliance regulations – or potentially face...
Australia to Crack Down on Crypto Tax Avoidance Schemes
7.6.2019
The Australian Taxation Office is hunting down major tax avoidance schemes using cryptocurrencies, according to a report
Crypto Tax Evasion ‘Rampant’ in Japan
5.6.2019
Cryptocurrency tax evasion is rife in Japan, per a report by local media. It claims that some 50 people and 30 companies have failed to declare over USD 92 million worth of cryptocurrency transactions.
Asahi Shimbun claims that the companies in question include a Tokyo-based enterprise that trades...
Internal Revenue Service is All Set to Release Crypto Tax Guidelines
21.5.2019
The Internal Revenue Service recently announced that it would be fixing the new guidelines for tax on crypto. Because the IRS identifies crypto as property and not currency, it is because it is taxable to purchase and sell crypto. Consequently, tax rules which apply for property transactions, such...
New Crypto Tax Guidance Coming "Soon" in the U.S.
21.5.2019
The U.S. Internal Revenue Service aims to publish a new guidance on taxing cryptocurrency transactions "soon," according to IRS Commissioner Charles P. Rettig.
He was responding to Congressman Tom Emmer's bipartisan letter, led along with his fellow co-chairs of the Congressional Blockchain Caucus...
IRS Says It Will ‘Soon’ Issue Crypto Tax Guidance in First Since 2014
20.5.2019
The Internal Revenue Service is working on its first tax guidance for cryptocurrency since 2014, the agency's commissioner told a lawmaker Monday
Crypto Tax Season: What you need to know
20.2.2019
The basics to keep in mind when filing your tax returns involving cryptocurrencies this year. From the CMC Editorial Desk: It’s… taaaax season. Before you panic, what do you need to know as you’re filing returns on your crypto? Find […]
The post Crypto Tax Season: What...