Tax
Sweden Drives Final Nail Into Its Bitcoin Mining Industry With Tax Hike
The 6,000% increase in taxes per kilowatt hour of energy may "ultimately destroy the industry" in the country.
How to Navigate Crypto Taxes Before the April 18 Deadline
TurboTax tax expert Lisa Greene-Lewis breaks down what crypto investors should know about their taxes ahead of next week's IRS tax deadline. Greene-Lewis addresses common mistakes, the most-asked questions, and what happens if your funds are frozen on a failed crypto exchange.
Japan Approves Web3 White Paper to Promote Industry Growth in the Country
The document proposes more tax reforms, clearer accounting standards and a DAO law.
El Salvador President Bukele to Introduce Bill That Would Eliminate Taxes on Technology Innovations
The country in 2021 became the first nation to adopt bitcoin as legal tender.
IRS Looks to Tax NFTs Like Other Collectibles
The U.S. Internal Revenue Service is considering whether to tax non-fungible tokens (NFT) on a par with other collectibles, such as stamps, works of art and fine wine, in a move likely to have an impact on those including the digital assets within their retirement plan, according to a document published Tuesday. "The Hash" panel discusses the proposal and the future of crypto taxes.
UK to Add Crypto Declaration in Tax Forms
Taxpayers will have to record their crypto gains separately as of next year, the U.K. Treasury said.
Thailand Offers $1B Tax Break for Companies Issuing Investment Tokens: Reuters
Thailand is offering a tax break for companies that issue digital tokens for investment, in a move that may cost the government 35 billion baht ($1 billion), according to a report from Reuters. "The Hash" panel discusses what this suggests about the state of crypto in Thailand and Asia at large.
U.S. Lawmakers Plan to Reintroduce Crypto Tax Reform Bill: Report
U.S. lawmakers are planning on reintroducing a bill that will reform the way crypto is treated for tax purposes, Punchbowl news said on Tuesday. The Keep Innovation in America Act was first introduced in March 2021. "The Hash" panel discusses the details of the bill.
Thailand Offers $1B Tax Break for Firms Issuing Investment Tokens: Reuters
The country will waive corporation and sales taxes for those firms.
