A package of several crypto tax bills may not be ready yet for prime time, as a U.S. House Ways and Means Committee hearing revealed potentially significant questions from lawmakers that suggested the panel …
Tax
- Blockchain Research
Petition Against South Korea’s 22% Crypto Tax Hits 50K Threshold
by adminby adminA petition to scrap a 22% tax on crypto investment gains in South Korea reached the 50,000-signature threshold required for the country’s Finance and Economic Planning Committee to review objections to the new tax …
Log in to Coinbase next tax season, and your tax documents might no longer arrive by mail. Under a new IRS proposal, crypto exchanges could be required to file Form 1099-DA electronically. This form …
Crypto transactions are becoming more common in Nigeria, from everyday trading to business payments. As crypto use continues to grow, the government is taking steps to bring it into the country’s tax system. With …
- Bitcoin & Ethereum
Will Crypto Billionaires Actually Leave California After New Tax?
by adminby adminCrypto billionaires are threatening to leave the state of California after a prominent trade union proposed a 5% assets tax on residents worth more than $1 billion. The Service Employees International Union-United Healthcare Workers …
Key Notes HM Revenue & Customs (HMRC) sent out 65,000 crypto tax warning letters last year. The previous year, the agency sent out only 27,700 letters. The growing crypto adoption and asset price surge …
- Blockchain Research
UK Tax Authority Ups Crypto Warning Letters in Crackdown on Unpaid Gains
by adminby adminThe UK tax authority has ramped up its scrutiny of crypto investors, doubling the number of warning letters sent to those suspected of underreporting or evading taxes on digital asset gains. HM Revenue & …
The Netherlands plans to tax unrealized capital gains on a range of investments, including stocks, bonds and cryptocurrencies, sparking warnings of capital flight. A majority of lawmakers in the Dutch parliament appear ready to …
U.S. IRS Opens Staking Path for Crypto ETFs to Get Into Yield Without Tax Headaches
A new safe harbor announced by the U.S. Internal Revenue Service on Monday is being seen as a major step toward allowing crypto exchange traded products (ETPs) to share staking rewards with their investors. …
Crypto OG Roger Ver Settles US Tax Charges with Nearly $50M Deal
Key Notes Ver’s settlement covers alleged tax evasion of $48M tied to Bitcoin holdings he held before renouncing US citizenship in 2014. The agreement allows charges to be dismissed after one month if Ver …