Tax
Lawmaker Wants Treasury Secretary Yellen to Delay Crypto Tax Provision
Rep. Patrick McHenry (R-N.C.), a top Republican on the House Financial Services Committee, wants the U.S. Treasury Department to delay implementing the crypto tax provisions in last year's Infrastructure Investment and Jobs Act until there is further clarity on who's covered by the bill. "The Hash" panel discusses the latest in the world of crypto regulation.
Indian Crypto Traffic Trending Down as Tax Regime Tightens, Data Shows
Indians have lost interest in trading on local crypto exchanges since the government began imposing taxes on profits and transactions, data from AppTweak and SimilarWeb shows. "The Hash" panel discusses the latest in India's state of crypto.
Indian Crypto Traffic Took a Nosedive as Tax Regime Tightened
The government's two taxes have cut usage of Indian crypto platforms, although interest in Binance has remained steady because that exchange is out of the country's jurisdiction.
EU to Make Crypto Companies Report Tax Details to Authorities
New OECD-inspired tax evasion plans take a step further than the MiCA but haven’t settled how to deal with foreign providers
EU Crypto, NFT Providers Must Report Tax Details Under Leaked EU Plan
A draft bill seen by CoinDesk also covers stablecoins, derivatives and companies outside the bloc.
Why Crypto Taxes Get Complicated (Especially for Institutions)
From "impermanent losses" to loan-to-value ratios, financial institutions need to keep track of a lot of data to ensure they remain compliant while participating in DeFi.
The Pitfalls of Being Paid in Crypto
With marginal rates, excise tax and the potential for foreign tax credit mismatch, crypto income could be taxed at an 80% or higher.
Why Puerto Rico Can Be a Tax Haven for Crypto Enthusiasts, but Not Necessarily for Locals
The U.S. territory of Puerto Rico has become a crypto paradise, thanks to tax breaks allowing some who live on the island for 183 days a year tax-free profits on their investments. Transform Group CEO & co-founder Michael Terpin and BĀSED President Gustavo Diaz Skoff discuss the issue with CoinDesk's Christine Lee. They explain why the tax rules have led to a growing crypto community on the island, and why some critics say those rules need to change.
TaxBit Exec on FTX Collapse, Crypto Taxes
The Financial Times reports FTX held less than $1 billion in liquid assets against $9 billion in liabilities before its bankruptcy filing. TaxBit Government Relations Senior Director Seth Wilks discusses the collapse of FTX and its financial considerations. Wilks also shares his insights into crypto taxes amid IRS scrutiny of the industry.
India Considers Taxing Crypto Income From Businesses Headquartered Elsewhere
The government has invited comments on the draft from stakeholders and the general public.
