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Nalezeno "Taxes": 944

Coin Center responds to US lawmakers' request for crypto tax guidance

21.8.2023
Among the crypto advocacy group's suggestions included a De Minimis exemption for crypto transactions and having the IRS provide guidance on block rewards, airdrops, and hard forks

CoinSmart president says crypto taxes are a 'little bit more favorable' outside US

16.8.2023
According to Jeremy Koven, Canadian crypto firms may have a better regulatory environment than ones in the United States, benefitting users in a number of ways

Brazil's Congress moves to levy higher taxes on cryptocurrencies

12.8.2023
If approved, the legislation would place crypto assets held by Brazilians overseas subject to the same tax rules governing traditional assets

Rise in Chinese Citizens, Firms Using Digital Yuan to Pay Taxes

10.8.2023
More Chinese citizens and firms are using the digital yuan, China’s central bank digital currency (CBDC), to pay their taxes, state organs, and government-owned banks have claimed. Per Xinhuanet, the claims were made by Hunan Province’s Tax Bureau, as well as the Changsha Central branch of...

FTX has a plan, but creditors are not impressed: Law Decoded

7.8.2023
A body representing FTX customers said it is “extremely disappointed” by the company’s reorganization plan

Elizabeth Warren, Bernie Sanders urge closure of ‘$50 billion crypto tax gap’

3.8.2023
U.S. senators including Elizabeth Warren and Bernie Sanders claimed crypto tax evaders are siphoning off billions from the government

Ukrainian government reports $81M tax loss from unregulated crypto exchanges since 2013

2.8.2023
A crypto bill signed into law in 2022 paved the way for the Ukrainian government to amend its tax code, but local exchanges still largely operate outside this framework

Crypto Staking in the Crosshairs: IRS Unveils New Tax Guidance

1.8.2023
The U.S. Internal Revenue Service (IRS) has issued a decree stating that American citizens drawing income from cryptocurrency staking services must categorize the value of those digital assets as gross income, the moment they officially take possession of the staking reward. IRS Clarifies...

IRS: Crypto Staking Rewards Taxable Once Investor Gets Hands on Tokens

31.7.2023
A cryptocurrency investor rewarded assets for validation activity on a proof-of-stake network should count the rewards as income in the year the investor gets control of those tokens, according to a ruling issued Monday by the Internal Revenue Service (IRS)

Japan Blockchain Association demands tax cuts for crypto

31.7.2023
Advocates of the crypto industry in Japan demand the revision of the national tax regime for digital assets

Japan Blockchain Association Urges Tokyo to Overhaul Crypto Tax System

31.7.2023
An industry organization in Japan has suggested that the government should reform taxation rules for crypto assets and transactions. Its members are convinced that the current tax regulations hinder growth of the Web3 economy in the country and discourage taxpayers from holding and using...

Judge suggests IRS issued $4K refund over tax lawsuit based on quality of lawyers: Report

26.7.2023
A couple who filed a lawsuit over how staked Tezos tokens were taxed has gone to appellate court after refusing to accept a refund check from the IRS

US Presidential Candidate Robert Kennedy Jr Unveils Plan to Back US Dollar With Bitcoin

20.7.2023
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has unveiled two new reforms for bitcoin if he is elected president. He plans to back the U.S. dollar with the cryptocurrency and eliminate capital gains taxes on the conversion of bitcoin to USD. RFK Jr. stressed that...

Thodex CEO sentenced to Turkish prison for failure to submit tax documents

18.7.2023
Faruk Fatih Özer failed to submit the requested documents to the Tax Inspection Board. He denied being Thodex’s official at the time, which prevents him from presenting the requested books

Russians ‘Can Pay Taxes on Their Crypto Earnings’ – Despite Crypto’s Lack of Legal Status

12.7.2023
The Russian tax body says that citizens “can pay” taxes on their crypto earnings, despite the fact that tokens have no legal status in the country. In another sign that the government appears to be sending mixed messages about its stance on crypto, the Federal Tax Service (FTS) stated that crypto...

US Senate Finance Committee asks digital asset community how to tax it in open letter

12.7.2023
Community members may want to read up on the intricacies of tax law before they respond, but they have two months to do so

Today in Crypto: BNB Chain Was the Most Targeted Chain in Q2 with 36 Incidents, Crypto Scammers Posing as Canadian Police Officers, Bill to Exempt Foreigners in Israel from Crypto Taxes Passes Preliminary Reading

6.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: BNB Chain Was the Most Targeted Chain in Q2 with 36 Incidents, Crypto Scammers Posing as Canadian Police...