Tax
Bitcoin Critic Peter Schiff's Bank Under Spotlight in Global Tax Probe
A Puerto Rico-based bank founded by long-time bitcoin skeptic Peter Schiff is under investigation over suspicions it facilitated tax evasion.
Spain Working on Bill to Force Crypto Holders to Disclose Assets, Gains
The planned bill comes as part of broader legislation aimed at cracking down on tax fraud, a government spokesperson said.
IRS May Make It Harder to Avoid Declaring Crypto on Tax Returns
The Internal Revenue Service plans to make all income tax payers check a box indicating whether they have transacted in crypto over 2020.
European Crypto Tax Companies Announce Merger to Power US Expansion
The merger means Blockpit and Crypto Tax can look at taking their newly combined regtech offering to the lucrative U.S. market.
Swiss Canton Zug to Accept Taxes in Bitcoin, Ether From Next Year
Citizens and companies in Zug will be able to pay up to $109,000 of their tax bill in either bitcoin or ether starting next February.
Cryptocurrency Earned From Carrying Out Microtasks Is Taxable, Says IRS Memo
The U.S. tax department has provided guidance around crypto revenue earned from microtasks via crowdsourcing platforms and, yes, such income is taxable.
Bitwage Rolls Out Tax Calculator Tool as IRS Ramps Up Crypto Pressure
The new tool comes as the IRS is sending more letters to crypto investors.
Australian Crypto Exchanges Partner With Koinly to Simplify Tax Reporting for Users
With tax reports for crypto transactions being complex and time-consuming to prepare, Koinly said its service automates the process in just minutes.
South Korean Government Proposes Tough New 22% Tax on Crypto Trading
Crypto trading profits could be liable to a 22% tax should the Korean National Assembly approve the newly tabled proposal.
What We Know About Filing Crypto Taxes – And What We Don’t
Regulators have been struggling to recognize cryptocurrency as a virtual asset, partly because they haven’t figured out how to tax it. This tax season, marks the first time a cryptocurrency question is on the IRS tax form – a feat six years in the making. However, the guidelines are as confusing as ever.
