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S Korean Regulator Says NFTs Aren’t Cryptoassets – and (Probably) Won’t Tax Them
8.11.2021
South Korea’s top financial regulator says that non-fungible tokens (NFTs) are not cryptoassets – and will likely exclude them from capital gains taxation....
Read More: S Korean Regulator Says NFTs Aren’t Cryptoassets – and (Probably) Won’t Tax Them
Congress Passes $1.2 Trillion Infrastructure Bill — Crypto Advocates Criticize Amended Broker Definition, Tax Code 6050I
7.11.2021
Congress has passed the Biden administration’s bill aimed at improving infrastructure, fighting climate change, and bolstering social services. The $1.2 trillion infrastructure bill, which also expands the definition of a broker, awaits U.S. president Joe Biden’s signature after...
House passes $1T infrastructure bill with crypto tax for Biden's approval
6.11.2021
The infrastructure bill was first proposed by the Biden administration aimed at primarily improving the national transport network and internet coverage
S Korean Gov’t Might ‘Eventually Raise the White Flag’ on Crypto Tax
5.11.2021
Pressure is growing on the South Korean government to back down over a controversial crypto tax law that will see trading profits over an annual total of USD 2,100 taxed at 20%.
Per the Segye Ilbo, the “dominant feeling” among analysts is that the ruling Democratic Party will try to force through...
Elon Musk’s Warning About Government Spending and Unrealized Gains Tax Proposal Highlights Benefits of Bitcoin
1.11.2021
A warning by Tesla and Spacex CEO Elon Musk about the mounting national debt in the U.S., government spending, and the proposal to tax unrealized capital gains has highlighted the benefits of cryptocurrencies, particularly bitcoin. Elon Musk Says ‘Spending Is the Real Problem’ Tesla...
The major tax myths about cryptocurrency debunked
30.10.2021
More crypto tax enforcement is coming, and many taxpayers are complying going forward, and amending prior returns if they have something to clean up
Fortnite Boss Slams Billionaire Tax He Doesn't Seem To Fully Understand
28.10.2021
Surprise, surprise, Epic Games founder, Tim Sweeney, is not a fan of the new billionaire tax being proposed in Congress at the moment. The CEO of the company, which prints money thanks to Fortnite, said the tax would possibly “end founder control” of Epic Games, calling into question whether...
Slovenia Launches Public Consultations on Crypto Taxation Law
28.10.2021
Authorities in Slovenia have prepared new legislation tailored to determine how crypto holdings and transactions are taxed in the country. The proposal, aimed at clarifying the matter, has been submitted for public consultations this week, local media reports revealed. Slovenia to Amend Tax Rules...
Slovenian finance ministry seeks public opinion on crypto tax laws
27.10.2021
Slovenia's crypto tax bill proposes a 10% tax on fiat-crypto conversions and payments made with cryptocurrencies
Puerto Rico sees resurgence of interest among crypto rich
27.10.2021
Crypto capital is moving to Puerto Rico as tax regulations are much more favorable than in the U.S. proper
‘An Act of War Against the Middle-Class’ — Americans Criticize Janet Yellen’s Idea to Tax ‘Unrealized Capital Gains’
25.10.2021
The 78th United States secretary of the treasury Janet Yellen told CNN’s “State of the Union” on Sunday that U.S. lawmakers are considering taxing unrealized capital gains. According to Yellen, the funds collected would help finance things related to climate and social change....
US Government Unrealized Gains Tax Plans Might Hit Crypto 'Billionaires' Too
25.10.2021
American stocks and crypto holders are braced for another tax-themed body blow from the government, with House Speaker Nancy Pelosi claiming that a “wealth tax” – an unrealized capital gains levy – on its way to Congress as early as this week after striking an “agreement” on a spending plan in...
Aussie senate committee proposes overhaul of crypto taxes, DAOs and exchange licenses
20.10.2021
The committee recommended more clarity for DAOs, new capital gains tax provisions, and tax breaks for green miners
Seven Hours With Turnip Boy Commits Tax Evasion's Free DLC
19.10.2021
With a name like Turnip Boy Commits Tax Evasion, I was hoping to learn a thing or two about taxes, government regulation, and the ways in which the system fundamentally screws people out of money and property. While I can’t say I learned anything about tax evasion playing this adorable 2D action...
Odds Grow That South Korean Crypto Tax Will Be Postponed
18.10.2021
Media outlets and lawmakers have been pouring scorn on the South Korean government’s much-maligned plans to introduce a tax on crypto trading from next year – with some suggesting that Seoul will have to back down from its plans.
As reported last week, the National Assembly will assess four...
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...
President of Mexico Denies Having Interest in Adopting Bitcoin as Legal Tender
17.10.2021
The President of Mexico, Andres Manuel Lopez Obrador, denied having any interest in adopting cryptocurrencies as legal tender in the country. The statements, offered in a press conference in the National Palace this week, also confirmed that the Mexican government will keep dealing with...
Crypto Firm Owners Plead Guilty to Tax Evasion, Face up to 5 Years in Prison
14.10.2021
The owners of a cryptocurrency firm that raised approximately $24 million from more than 13,000 investors have pleaded guilty to tax evasion. “These crypto-savvy defendants exploited an emerging technology, lying to their investors, pocketing the proceeds, and concealing the income from...
South Korean Government Faces Raft of Crypto Tax Amendment Bills
13.10.2021
South Korean lawmakers are inundating parliament with crypto tax delay bills. The National Assembly’s financial committees are set to weigh up the values of four separate attempts to derail Seoul’s plans to levy 20% capital gains tax charges on all trading profits over an annual threshold of...
South Korean opposition set to tackle controversial crypto tax law
11.10.2021
Opposition lawmakers are seeking a one-year delay in the enactment of the law as well as a lowering of the tax burden on crypto traders