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.  

News
The IRS has considered crypto mining revenue as part of taxable income since 2014.
Mining firm wants to help taxpayers avoid obligations by sending proceeds to IRAs
Turner Wright
2021-07-29T21:30:00+01:00
2254
News
EY expects that its new blockchain-based withholding tax solution can lay a foundation for the European Commission’s withholding tax relief system.
EY aims to simplify cross-border withholding tax process with blockchain
Helen Partz
2021-07-29T09:46:00+01:00
2252
News
U.S. lawmakers believe they can find $28 billion worth of infrastructure funding by expanding taxation on crypto transactions.
Senators add crypto taxes to infrastructure deal to raise $28B in extra revenue
Samuel Haig
2021-07-29T05:55:25+01:00
10765
News
Existing Binance users will be unable to withdraw more than 0.06 BTC per day without completing full KYC verification, effective in August.
Binance cuts withdrawal limits, rolls out tax reporting tool
Helen Partz
2021-07-28T09:54:31+01:00
34163
News
South Korea examines ways to expand its tax base, with proposals to strengthen the government’s ability to seize tax evaders’ crypto assets directly from their ...
New rules could permit Korean gov’t to seize tax evaders’ crypto
Marie Huillet
2021-07-26T10:02:05+01:00
2813
Sponsored
A retirement investment platform offers exposure to cryptocurrencies for a 401(k) — and says these plans offer compelling tax advantages.
The tax advantages of crypto in a 401(k) can be eye opening
Connor Sephton
2021-07-26T09:00:00+01:00
4442
Expert Take
Most transfers of cryptocurrency are taxable, unless the transfer is qualified as a gift or a charitable contribution.
Get a passport, pay crypto, live tax-free?
Robert W. Wood
2021-07-22T16:25:00+01:00
14151
News
The taxman commeth for Australian crypto investors and Binance wants to help them out.
Binance Australia partners with Koinly for tax reports as ATO ramps up compliance
Martin Young
2021-07-22T05:47:07+01:00
6066

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