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Belarus General Prosecutor Warns About Cryptocurrency’s Use in Tax Evasion
5.6.2019
Belarus remains worried about crypto’s role in cybercrime and tax evasion, according to comments from the country’s general prosecutor
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...
Israeli Court Rules Bitcoin Is an Asset in Feud Over Tax Payment
22.5.2019
An Israeli court has ruled against an investor in declaring bitcoin is an asset and not a currency, and thus subject to capital gains tax
Israeli Court Rules Bitcoin Is an Asset
22.5.2019
An Israeli court has ruled that bitcoin is an asset, confirming the central bank’s stance. The case involves the country’s tax authority and the founder of a blockchain startup who argues that profits from the sale of cryptocurrency should be tax-free. The court has ruled in favor...
IRS Plans to Issue Guidance on Virtual Currency Taxation
21.5.2019
Internal Revenue Service (IRS) commissioner Charles Rettig has explained to U.S. representatives that the tax department plans to issue clearer guidance toward cryptocurrency taxation soon. Since 2014, Americans have been asking the tax agency for better clarification in regard to official...
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...
AI-Backed Image Background Removal (Sponsored)
21.5.2019
I’ve worked on dozens of eCommerce sites in my career and many of them were hamstrung by the same pain points: tax collection, payment customization, and image optimization. While tax collection and payment customization were important, image optimization was always the hardest and most...
US Tax Authority Prioritizes Issuing Guidance on Cryptocurrencies
20.5.2019
The U.S. IRS states that the agency “made it a priority” to issue relevant guidance on cryptocurrency taxation
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
Congressman Emmer to Reintroduce Tax Bill Focused on Crypto Hard Forks
15.5.2019
U.S. Representative Tom Emmer plans to reintroduce a bill that would benefit taxpayers holding cryptos resulting from blockchain hard forks
Token Taxonomy Act Includes De Minimis Tax Exemption for Crypto
14.5.2019
A de minimis tax exemption in the new Token Taxonomy Act means that capital gains on crypto under $600 would not have to be reported to the IRS
Why Cryptocurrency Investors Are Renouncing Their US Citizenship
9.5.2019
Andrew Henderson is the founder of Nomad Capitalist, a company which helps people from around the world move to different countries while minimizing their tax obligations. In recent years the company has created plans for dozens of people who made their wealth from the cryptocurrency sector...
The Serif Tax
9.4.2019
Fonts are vector. Vector art with more points makes for larger files than vector art with fewer points. Custom fonts are downloaded. So, fonts with less points in their vector art are smaller. That's the theory anyway. Shall we see if there is any merit to it?
Open Sans (top) and Garamond...
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...
Bitcoin Banking, Solving ID Theft, and Why Regulators Should Love Pasties
23.3.2014
John Law wonders if cryptocurrencies could secure your cash, BLTs could protect your ID and bitcoin is wrongly named