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Thailand Introduces Blockchain-Based Tax Refunds for Oil Exporters
25.11.2019
The Thai Excise Department to introduce a blockchain-based tax payback system for oil exporters
US Deputy Treasury Secretary: Crypto Raises Questions on Self-Government
22.11.2019
Digital currencies can shift some functions usually performed by the government to the private sector, the U.S. Deputy Treasury Secretary argued
John McAfee Speaks About Crypto and Government Taxes in The Block Runner Podcast
20.11.2019
Crypto scientist John McAfee appeared on The Block Runner Podcast, a fairly new crypto-blockchain YouTube channel. In half an hour-long interview, McAfee spoke deep about various topics, right from his early days as the cybersecurity expert, to constitutional legitimacy of income taxes...
Ukraine Plans to Tax Crypto Gains at Low 5% Rate (for a While, Anyway)
20.11.2019
A draft bill setting out how crypto-related income should be taxed in Ukraine would tax gains at 5 percent for the first five years if passed
IRS Dispels Crypto Tax Confusion
17.11.2019
The U.S. Internal Revenue Service (IRS) has cleared up some confusion about how cryptocurrency transactions are taxed, particularly regarding like-kind exchanges and promotional airdrops. As the tax agency intensifies its enforcement efforts, more people are seeking the best tax software to help...
IRS: Like-Kind Tax Exemption Has Never Applied to Crypto Transactions
14.11.2019
U.S. taxpayers have never been authorized to postpone paying tax using the like-kind exchange principle, an IRS official says
Venezuela to Pay Taxes and Financial Services Through Petro Cryptocurrency
12.11.2019
Amidst the crumbling economy and ever-growing inflation, the Maduro government in Venezuela has been trying to hold control. As part of the economic revival plan, Venezuelan president Maduro launched a state-owned cryptocurrency Petro last year. The currency was meant to strengthen and alleviate...
Tax Agencies Worldwide Plan to Crack Down on ‘Dozens’ of Crypto Tax Evaders
10.11.2019
The U.S. Internal Revenue Service (IRS) has revealed the agency is cracking down on “dozens” of cryptocurrency users evading taxes. The IRS has partnered with tax agencies from four other countries in order to make sure tax enforcement strategies are being applied across the map. Also...
Crypto Tax Guidelines Leave More Questions Than Answers
8.11.2019
Cryptocurrency holders have long wrestled with their tax obligations. These fiduciary duties have been complicated by tax agencies, which are several steps behind technology and now playing crypto catch-up. Updated guidelines from the U.S. and U.K.’s tax agencies were finally released this...
Britain’s Tax Authority Updates Crypto Guidelines
4.11.2019
Her Majesty’s Revenue and Customs (HMRC) has updated its guidelines on the taxation of transactions involving crypto assets. The United Kingdom’s tax authority clarifies its stance on cryptocurrencies and explains which taxes apply to specific activities carried out by business entities...
British Tax Authority Updates Cryptocurrency Guidelines, Says It Is Not Money
3.11.2019
Her Majesty’s Revenue and Customs has updated cryptocurrency taxation guidelines for businesses and individuals
Cred Merchant Solutions to Help Unbanked Business Sectors
3.11.2019
Cred Merchant Solutions has been unveiled in Emeryville during San Francisco Blockchain Week in an event hosting several California elected officials. The new point-of-sale system will help unbanked business sectors, such as California’s cannabis industry, accept crypto payments from...
The Future of Cryptocurrencies in the UK Hangs on FCA’s Decision
29.10.2019
The U.K. is starting to lose its position as a fintech leader, and the proposed crypto ban will make it worse. Will the FCA save this from happening?
Crypto and Blockchain News From German-Speaking World: Oct. 20-26
27.10.2019
Cointelegraph auf Deutsch presents a weekly digest of developments from the German-speaking world
Tax Form to Report Revenues From Cryptocurrency Trading Issued in Poland
26.10.2019
Authorities in Poland have clarified the taxation of revenues received from cryptocurrency exchange transactions. The Ministry of Finance has recently published a 2019 tax form that has a dedicated section where taxpayers are expected to declare separately proceeds from crypto trading. Also read:...
Bermuda Becomes First Gov’t to Accept Tax Payments in USDC Stablecoin
16.10.2019
Global financial services company Circle announced that Bermuda became the first government to accept its stablecoin USDC for tax payments
Bermuda Now Accepts USDC Crypto for Taxes and Government Services
16.10.2019
Bermuda announced Wednesday it will accept payments in the USDC stablecoin "for taxes, fees and other government services."
Tax Guide: What Crypto Owners Should Know
14.10.2019
With the rise in price and the growing adoption of cryptocurrencies, more governments worldwide have been ramping up efforts to tax them. Some countries are using extreme measures to get their hands on this new source of untapped revenue, but there are also tax-friendly countries that are...
Crypto IRS Audits: Hire Professionals or Do it Yourself?
14.10.2019
The IRS continues to hunt for crypto user identities. If the IRS audits you, sends you notices, etc., should you handle it yourself or get professional help?
IRS to Require 150 Million Tax Filers to Disclose Crypto Dealings
12.10.2019
The U.S. Internal Revenue Service (IRS) has unveiled a new draft tax form used by some 150 million people in the country to file tax returns. It has a section that requires them to answer whether they have received, sold, sent, exchanged, or acquired any financial interest in any cryptocurrencies...