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Will PayPal’s crypto offer turn into a tax nightmare?
22.10.2020
U.S. capital gains tax laws are likely to catch out many new users of PayPal's cryptocurrency payments system
Bitcoin Proponents Bemoan Joe Biden’s Proposed Capital Gains Hike
20.10.2020
The U.S. presidential election is only 14 days away, and a number of bitcoin proponents have been discussing the capital gains tax implications Joe Biden plans to invoke if he wins the American presidency. According to Biden’s plan, capital gains will be raised from 21% to 39.6% for certain...
Peter Schiff’s Euro Pacific Bank Under Investigation by Tax Authorities in 5 Countries
19.10.2020
Euro Pacific Bank, founded by gold bug and bitcoin skeptic Peter Schiff, is reportedly under investigation by the tax authorities of five countries. The bank’s customers allegedly include several tax fraud masterminds and a Russian syndicate described by the FBI as the world’s worst...
Bitcoin Critic Peter Schiff’s Bank Under Spotlight in Global Tax Probe
19.10.2020
A Puerto Rico-based bank founded by long-time bitcoin skeptic Peter Schiff is under investigation over suspicions it facilitated tax evasion
Fool's gold? Peter Schiff's bank under investigation in tax evasion probe
18.10.2020
Does an extortion attempt from Russian hackers explain Schiff's hatred for Bitcoin?
Foreign Crypto Exchanges Like Paxful, Binance to Pay 1.5% Tax Under Kenya’s New Regulations
16.10.2020
The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1.5% on gross transaction value, local media reported. In August, the agency announced new rules for the taxation of what it calls “digital...
Korean blockchain lobby calls for crypto tax plan to be put on ice
16.10.2020
The Korea Blockchain Association wants the government to postpone the implementation of its new tax framework until 2023
Spain Approves Bill Requiring Cryptocurrency Owners to Disclose Crypto Holdings and Gains
14.10.2020
Spain’s government has reportedly approved a bill that requires cryptocurrency owners to disclose their crypto holdings and any gains on their assets. Spain’s Finance Minister and the government’s spokesperson, Maria Jesus Montero, said at a press conference following the weekly...
The OECD Wants to Tax Your Crypto to Pay for COVID-19 Recovery Efforts
13.10.2020
Source: Adobe/Johanna Mühlbauer
The Organization for Economic Cooperation and Development (OECD) is looking to push its members to adopt crypto tax frameworks.
Per a new OECD report, the organization said it wants to promote transparency in all transactions involving cryptoassets, ensuring revenues...
Spain Working on Bill to Force Crypto Holders to Disclose Assets, Gains
13.10.2020
The planned bill comes as part of broader legislation aimed at cracking down on tax fraud, a government spokesperson said
OECD Preparing Crypto Tax Reporting Framework for World’s Largest Economies
12.10.2020
The tax framework may address questions surrounding wallet providers and income not derived from crypto sales
Better regulation needed to stop crypto tax evaders from running wild
10.10.2020
U.S. regulators are starting to track crypto more seriously, and that’s a good sign for all crypto holders
South Korean MP Calls Tax Authority's Bithumb USD 67m Bill ‘Baseless’
9.10.2020
South Korean trading platform Bithumb has won a powerful supporter in its quest to fight an unprecedented multi-million tax bill after an MP and parliamentary finance committee member claimed the nation’s tax authority’s USD 67m tax bill – served to the crypto exchange late last year – has no legal...
South Korea May Review Crypto Tax Law ahead of 2021 Regulations
8.10.2020
The South Korean government said that it is conditionally prepared to carry out a review of crypto tax regulations – a year ahead of the promulgation of the country’s first crypto-specific tax law.
Per news agency Yonhap, Hong Namk-ki, the Deputy Prime Minister and the nation’s finance minister...
EU removes this crypto hotspot from tax haven blacklist, clearing path for further adoption
6.10.2020
Yet, the biggest crypto hub remains on the blacklist
John McAfee Arrested, Indicted for $23 Million Illegal Crypto Pumping and Tax Evasion in US
6.10.2020
John McAfee has been arrested and indicted for tax evasion, the U.S. Department of Justice announced. The cybersecurity entrepreneur has also been charged with fraudulently pumping cryptocurrencies by the U.S. Securities and Exchange Commission. McAfee Fraudulently Pumped Tokens The U.S. Department...
Inflation Is the Cruelest Tax
4.10.2020
A reading of a new piece on inflation from the Wall Street Journal that NLW argues shows a shifting mainstream narrative
Crypto Exchange Coinbase Hands Over Customer Data to UK Tax Authority
3.10.2020
Coinbase is handing over customer data to the British tax authority, Her Majesty’s Revenue & Customs (HMRC). The measure affects customers with a U.K. address who received more than £5,000 ($6,450) worth of cryptocurrency during the 2019/20 tax year. On Oct. 2, Coinbase sent...
PwC’s global crypto tax report reveals the need for further regulatory guidance
2.10.2020
The majority of global jurisdictions have crypto asset taxation guidelines, yet additional frameworks are required to keep up
New Zealand Tax Agency Asks Crypto Firms to Hand Over Clients’ Personal Data
29.9.2020
The Inland Revenue Department (IRD) of New Zealand has requested that crypto companies in the country hand over their customers’ personal details, cryptocurrency asset values as well as the type of asset held. According to a September 28 report by Radio New Zealand, the tax agency says...