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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!
The advent of Bitcoin and blockchain technology has made government taxation obsolete, given how difficult cryptocurrency can be to identify and trace.
There has been growing controversy over new cryptocurrency Zcash since the tweet by Edward Snowden suggested that it will encourage tax protests.
Russia’s Federal Tax Service officially stated that there is no legal prohibition to cryptocurrencies. Bitcoin and Blockchain entrepreneurs in Russia can heave a sigh of relief.
Legislative revisions see Bitcoin recognised as a legal and legitimate form of payment in Japan.
Jeff Berwick, has urged people to create systems to rule ourselves and stop using government money, using Bitcoin instead.
Owner of Bitcoin.com Roger Ver on the US government’s renewed commitment to tax Bitcoin transactions.
The US Treasury Inspector General for Tax Administration requested the IRS to provide guidance for tax treatments of digital currencies.
Perry Woodin, CEO of Dash masternode provider Node40,on how tax evasion issues could affect any exchange operating in the US, following IRS taking on Coinbase.
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 IRS may introduce changes to virtual currencies use and taxation as we know it.
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.
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?
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.
Bitcoin, with its borderless nature has the ability to obsolete tax havens.
Japan is set to drop sales tax on buying digital currencies, pawing the way for more exchange traders joining the Bitcoin’s bandwagon.
New Hampshire State Treasury can’t accept Bitcoin for taxes because they are not familiar with the currency.
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.
Expert wants Bitcoin encrypted for investors in AML/KYC startups to lose their investments.
The Australian Government announced that the current double tax law on digital currencies including Bitcoin is soon to be reformed.
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.
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.
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.
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.
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