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Finance ministers from more than 50 countries recently signed the Multilateral Competent Authority Agreement, with another 30 countries pledging to sign the agreement by 2018.
Swedish bitcoin exchange BTCX, has been requested by the local Tax Authority to disclose transaction history of the company's 20,000 customers. The exchange is taking the Swedish Tax Authority to court, arguing that by doing so, all its clients' identities would be disclosed.
Today, the National Bank of Belarus announced that it will implement an immediate 30% tax on purchases of foreign currency for individuals and legal entities.
The EU Court of Justice has ruled that Bitcoin exchange is exempt from VAT in a landmark ruling.
Businesses around the world are discovering that it pays to develop and employ a Bitcoin strategy.
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A University of Florida law professor, Omri Marian says that while cryptocurrencies are already considered taxable assets (under US tax law), the inability of the gov. to monitor blockchain transactions could mean a lot more people opting out of the tax system.
Puerto Rico, a commonwealth estimated to have roughly US$72 billion in debts, announced this week that the accumulated debt simply cannot be paid.
CRA has announced it views Bitcoin and digital currency as “specified foreign property” for tax purposes.
Coin Loft finds a workaround to an Australian GST law that had previously meant a tax was applied to the total value of bitcoin exchanges in the country.
A new bill proposed in New Hampshire could obligate the state treasury to draw up plans to accept Bitcoin as payment for taxes.
Interview with LibraTax CEO, Jake Benson
The European Commission is considering imposing value added tax (VAT) on reward-based crowdfunding, which could force businesses to charge on the value of any items sent to donors.
Attorney for the Southern District of New York Attorney has asked the judge the Ulbricht case to issue a life sentence; Bitfury has developed a light bulb that mines bitcoin and more news
A campaign has been launched to make Jersey a world leader in digital currencies.
Weekend Roundup by CoinTelegraph!
Tax commissioner Chris Jordan said that while Bitcoin cannot currently be considered money this might change in the future with wider acceptance and use.
Avalara, a company that offers cloud-based tax-compliance software, has just announced it has added Bitcoin to the roster of currencies its platform can handle, the company announced on its blog.
The Australia’s Tax Office reports that it has delayed the much anticipated ruling on digital currencies until further notice.
In early April the National Australia Bank (NAB) decided to cut ties with the bitcoin community and close any accounts that primarily dealt with the digital currency on May 2. The NAB believes dealing with digital currencies is too risky. Less than one week later, Australia’s first bitcoin ATM went live in Sydney, the ...
In an interview this week with Bloomberg, Olof Wallin from the Swedish taxation agency said he believes his country will classify Bitcoin as an asset, not a currency.
Japan is set to drop sales tax on buying digital currencies, pawing the way for more exchange traders joining the Bitcoin’s bandwagon.
Hundreds of thousands of Greeks have lost their hard-earned savings to government seizure this year, exponentially more than in previous years. Time to get some Bitcoin!
Agenzia delle Entrate, the most important Italian tax authority, wants to treat Bitcoin as a currency and tax it.
The election of the Democratic Party’s candidate Hillary Clinton could potentially pressurise the US federal government’s Internal Revenue Service to audit journalists and freeze their assets.
Would Bitcoin enhance taxing and provide more effective ways for governments to make citizens accountable, or would it create a hole for users of the currency to evade tax?
Bitcoin, with its borderless nature has the ability to obsolete tax havens.
Reserve Bank of India explores the Blockchain as a solution to cash use and deep-rooted tax avoidance.
For a month starting May 3, The Treasury of the Australian government will be accepting submissions from interested parties to comment on a newly-released discussion paper entitled ‘GST treatment of digital currency’ as part of the 2016-17 Budget.
Pop legend Prince left behind $300 million, and half of that will go to the government. He could have avoided losing much of his financial legacy by using Bitcoin instead.
The UK Government explores Blockchain as a possible way to increase efficiency. Bitcoin’s distributed ledger may help distribute taxpayers’ money as well as grants and student loans.
The advent of Bitcoin and blockchain technology has made government taxation obsolete, given how difficult cryptocurrency can be to identify and trace.
The Australian Government announced that the current double tax law on digital currencies including Bitcoin is soon to be reformed.
Legislative revisions see Bitcoin recognised as a legal and legitimate form of payment in Japan.
New Hampshire State Treasury can’t accept Bitcoin for taxes because they are not familiar with the currency.
In the meantime, Christian Holte, the above-quoted director general of taxation, said the Norwegian government would coordinate certain legal implications of Bitcoin with other governments.
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