Taxes News

It is hard to define cryptocurrency taxes, because there is a lot of controversy surrounding it today.  Society still has no consensus even on whether digital currencies are a property or a currency, and that triggers a huge difference in taxation procedure. The speed of exchange rate flows makes it impossible to establish a taxation time period equally suitable for everyone. Also, there are a lot of cryptocurrencies that were particularly designed to protect user’s anonymity and their protocols wouldn’t allow any government to tax it.

As cryptocurrency market is growing, and its sheer dollar value makes it more likely to catch an attention of regulators. Cryptocurrencies are also a great way of money laundering, so no government will be able to ignore the subject. Today there are a lot of news about new cryptocurrency taxes laws and it looks like there will be more over time.  

As part of the Financial Statements Committee, the Minister of Finance is conducting an investigation into digital assets in Japan.
Investigating Digital Assets in Japan Stymied by Nature of Crypto
Turner Wright
The Spanish tax office is warning tens of thousands of crypto traders to honor their tax obligations.
Spanish Tax Watchdog Puts 66,000 Crypto Traders on Notice
Felipe Erazo
The director of policy at the Australian Taxpayers' Alliance has purchased her first Bitcoin, triggering excitement in the crypto community.
‘Wahoo!’ Australian Taxpayers Alliance Exec Excited to Buy Bitcoin
Helen Partz
Portfolio tracker and tax calculator CoinTracker has topped 100,000 users and brought six new partners on board.
CoinTracker Passes 100K Users, Announces Six New Partners
Felipe Erazo
Expert Take
In response to the coronavirus pandemic, the Internal Revenue Service tries to help taxpayers to not lose this economic battle.
During Coronavirus Pandemic, IRS Cuts Taxpayers Some Much Needed Slack
Robert W. Wood
Expert Take
Climate change caused by carbon emissions might be one reason for such a terrible global COVID-19 pandemic scenario.
The Need to Report Carbon Emissions Amid the Coronavirus Pandemic
Selva Ozelli
With zero taxes for crypto traders and miners, Portugal could become a Bitcoin tax haven. Cointelegraph takes a deeper look at crypto tax regulation in the coun...
No Tax for You: Why Crypto Traders and Miners Might Head to Portugal
António Madeira
Lukka’s co-CEO and head of tax and regulatory affairs speaks on crypto taxation, & recent gov proposals for a ‘digital dollar.’
Cryptocurrency Accounting Firm Launches Library of Legal and Tax Advice
Samuel Haig

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