taxes

taxes

Policy

Biden Budget Plan Would Close Crypto Tax Loss Harvesting Loophole

The U.S. President is expected to unveil his budget proposal on Thursday.

U.S. President Joe Biden (Chip Somodevilla/Getty Images)

Finance

Brazil's Largest Public Bank Enables Tax Payments to Be Made With Crypto

The service will operate in partnership with Bitfy, a startup focused on blockchain solutions.

Oficinas de Banco do Brasil en Brasilia, Brasil. (Henrique Dias/Unsplash)

Policy

India's Crypto Tax Amendment Could Punish Evaders With Jail Time, Attorneys Say

In 2022 India instituted a 30% tax on profits and a 1% tax deducted at source (TDS) on all transactions for the crypto sector.

Indian Finance Minister Nirmala Sitharaman, right, with U.S. Treasury Secretary Janet Yellen. (Indian Finance Ministry)

Web3

Tax-Loss Harvesting Platform Unsellable is Building ‘The World's Largest Collection of Worthless NFTs

The platform has so far purchased over 9,300 no-longer valuable NFTs that previous owners can count as losses to reduce taxable capital gains.

(Sergey Bitos/Getty Images)

Policy

FTX, Congress, Stablecoins: What 2023 May Bring for Crypto Regulations

CoinDesk’s policy team predicts the issues and topics that may take center stage over the next 12 months.

(Alexi Rosenfeld/WireImage/Getty Images)

Policy

Kenya Proposes Bill to Tax Crypto

Roughly 8.5% of the African country's population owns cryptocurrencies, according to a United Nations report.

Nairobi, Kenya (Amani Nation/Unsplash)

Opinion

Say Goodbye to Proprietary Tax Prep Software

Web3 tax help is a multibillion-dollar opportunity, and a way to plug the gap the government has around tax help and out-compete centralized companies like TurboTax.

(Crissy Jarvis/Unsplash)

Opinion

If You Lost Money on FTX, You May See Some Tax Relief

Tax expert Victoria J. Haneman compares Sam Bankman-Fried's crypto trading empire to Bernie Madoff's Ponzi scheme to glean what the FTX fallout could mean for tax filers.

(Leon Neal/Getty Images)

Opinion

EY’s Crypto Tax Leader Breaks Down What You Need to Know This Tax Season

Use data aggregators, get a trusted adviser and learn to live with a little uncertainty.

EY (Shutterstock)

Layer 2

Crypto Users Want to Pay Taxes, but We Need Clearer Rules

The need for comprehensive crypto tax reform will become clearer as people start interacting with blockchains – and incurring capital gains taxes – without realizing.

(Unsplash, modified by CoinDesk)