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Nalezeno "Reform": 86

Spain Modifies Tax Model 720, Used to Declare Cryptocurrency Holdings Abroad

13.2.2022
The Spanish parliament has introduced an amendment to the tax model 720 used to declare cryptocurrency and other holdings abroad, softening some of the penalties associated with it. The modification, which has not yet been approved, changes some of the harsher penalties that were declared illegal...

Puerto Rican Treasury Department Aims to Tax NFT Sales

10.2.2022
The Treasury Department of Puerto Rico has published a working document that amends the current “Sales and Usage Tax” to include NFT sales. While this proposal has yet to be approved, experts believe the inclusion of NFTs in this reform brings validation to the asset class, but also...

Australia to Regulate Crypto Sector as Part of Payments Reform

8.12.2021
The government of Australia is preparing to comprehensively regulate the activities of cryptocurrency exchanges and custodians. The push is part of a major overhaul, aimed at preserving the country’s sovereignty over its payments system, which will also affect providers like Apple...

More Aussie Crypto Traders Profiting, Country Moving to Largest Reform of Payments Systems

8.12.2021
Nearly 90% of crypto owners in Australia have either profited from trading in 2021, or broke even, with the number of women in the crypto-owning group doubling compared to 2020, according to a recent survey released by Aussie crypto exchange Independent Reserve. To be more specific, a robust...

Australian government gives nod to 6 world leading crypto reforms

8.12.2021
“What is clear is that if we embrace these developments, Australia has an enormous opportunity to capitalize on the convergence between finance and technology,” Treasurer Josh Frydenberg said

Congressman Threatening Violence With Attack on Titan Sees Actual Consequences

17.11.2021
Nine days after Rep. Paul Gosar tweeted a now-deleted Attack on Titan-themed video of himself and his Republican colleagues killing Rep. Alexandria Ocasio-Cortez and President Joe Biden, the House of Representatives voted to censure Gosar and remove him from his two House committee appointments....

Austria Plans to Tax Cryptocurrencies Like Stocks, Vows Equal Treatment

12.11.2021
As a growing number of governments are looking to tap into crypto profits, authorities in Austria have indicated their intention to tax gains from digital asset investments just like those from stocks and bonds. The move is expected to increase trust and access to cryptocurrencies. Austria to Apply...

Iran to Pilot ‘National Cryptocurrency,’ Amend Central Bank Law

19.10.2021
The central bank of Iran is gearing up to begin the pilot phase of its digital currency project in the near future, its new head announced to representatives of local media. The monetary authority is also preparing to move forward with a plan to reform the legislation that governs its...

The ‘Holding Billionaires Accountable’ Lie — Media, Big Tech Fact Checkers Mischaracterize Angst Toward Biden’s Tax Proposal

17.10.2021
U.S. citizens and financial institutions are concerned about the Biden administration’s goals to get banks to report to the Internal Revenue Service (IRS) aggregate inflows from a customer’s bank account annually that exceed $600. Mainstream media is reporting and Big Tech’s...

Janet Yellen Defends Tax Compliance Agenda — 3 State Treasurers Promise Not to Comply

6.10.2021
The 78th United States secretary of the treasury, Janet Yellen, is very concerned about tax evasion, according to statements she made during an interview with CNBC’s “Squawk Box” that aired on October 5. Yellen claims there’s an “enormous tax gap” and...

IRS, Janet Yellen Press Lawmakers to Push ‘Tax Compliance Agenda’ — Banks to Report Deposits, Withdrawals of $600

16.9.2021
On Wednesday, U.S. Internal Revenue Service (IRS) commissioner Charles Rettig and Janet Yellen, the Treasury secretary, urged lawmakers to give the IRS permission to report annual inflows and outflows from American bank accounts. Regardless of tax liability, financial institutions across...

Japanese Crypto Sector Launches Consolidated Tax Reform Bid

12.8.2021
Two of Japan’s biggest crypto business groups have launched a joint bid to persuade the government to revise its crypto tax laws. Japanese law currently stipulates that crypto traders must pay levies of up to 55% on their profits. However, a number of players in the sector – as some opposition...

Irish Banks Hail EU’s ‘Radical’ Anti-Money Laundering Push

25.7.2021
Banks in Ireland have welcomed an upcoming reform of the European Union’s anti-money laundering regulations that will affect the crypto space. The Irish banking industry organization voiced support for the changes aimed at disrupting illicit transactions at the union level while calling them...

Crypto Derivatives Exchange Bybit to Introduce Stringent KYC Policy

7.7.2021
The British Virgin Islands-based Bybit Fintech Limited has announced the cryptocurrency derivatives exchange is introducing an updated know-your-customer (KYC) policy on July 12. Bybit notes that it already had certain KYC requirements implemented, but the new system reform is meant...

Hungary to Cut Tax on Crypto Profits in Half, Down to 15%

12.5.2021
The government in Budapest has put forward measures aimed at streamlining taxation and reducing the tax burden on businesses and citizens. As part of the package, Hungary plans to cut the tax levied on capital gains from cryptocurrency transactions, expecting to increase budget revenue with...

Why Medicare for All Must Be Part of the Green New Deal

17.3.2021
In 1991, Larry Barragan got word that the oil refinery in Long Beach, California where he was working would be closing. It was one of the scariest moments of his career. Barragan was nervous about losing his income, but even worse was the thought of losing his health insurance, especially because...