Tax
India's Controversial Crypto Tax Should Be Cut After Failing to Achieve Aims, Think Tank Urges
The government lost $420 million in potential revenue and failed to improve transparency because the tax regime prompted as many as 5 million crypto users to shift transactions offshore, a new study found.
Crypto Tax Platform Blockpit Buys Rival Accointing From Glassnode
The "multi-million dollar" acquisition gives Austria-based Blockpit a footprint in the U.K.
EU Formally Agrees on New Crypto Tax Data Sharing Rules
The rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities.
Taiwanese Crypto Trader's 6-Cent Fee Leads to $310K Win in Tax-Receipt Lottery
Sometimes, being tax-compliant pays off.
South Koreans Hold $99B of Digital Assets Overseas: Tax Service
The crypto held abroad accounts for about 70% of all assets held outside the country.
Why Wealth Managers Are Choosing These Crypto Accounts
Separately managed accounts have seen explosive growth in TradFi, and there are benefits in crypto, too.
U.S. Crypto Tax Proposal Will Provide Greater 'Clarity' in Sector: Tax Expert
The U.S. Treasury Department has finally unveiled its definition of a "broker" for the crypto industry, defining how crypto companies and investors will need to meet tax reporting obligations. Miles Fuller, Taxbit head of government relations, says "This is probably one of the most highly anticipated things to happen in this space...now we have that and it should provide a lot of clarity."
How to Navigate the Treasury Department’s Crypto Tax Proposal
The IRS is finally proposing rules for crypto tax reporting, giving the industry its own 1099 form and declaring digital asset miners safe from the future requirements. Taxbit head of government relations Miles Fuller discusses what to make of the new plan and the potential outcomes.
Sweeping U.S. Tax Proposal Met With Boos From Crypto World
Minutes after the U.S.’s long-awaited proposal for taxing crypto gains went public, objections erupted from those tied to decentralized operations counted as “brokers.”
U.S. Crypto Tax Proposal Lets Miners off the Hook, Snares ‘Some’ Decentralized Exchanges
The U.S. Treasury Department published a nearly 300-page proposed rule for crypto tax reporting that unveils the definition of a "broker" in the digital asset space. Miners are exempt from the tax rules, but "some" decentralized finance platforms will not be, said the proposed guidance. CoinDesk's global policy and regulation managing editor Nikhilesh De breaks down the highlights from the documents.
