taxes

State of Crypto: The IRS Sets Its Sights on Circle
The IRS has issued a John Doe summons to Circle, in a repeat of its collection of Coinbase customer information. What has changed since then?

Biden Wants to Boost Corporate Tax Rate to 28%, Signals High Earners May Be Next
A fact sheet laying out the key parts of the plan indicates proposed tax hikes on high income individuals may be coming soon.

Crypto Exchange Coinsquare Ordered to Hand Thousands of Customers' Records to Canadian Tax Agency
Coinsquare estimates between 5 and 10 percent of customer records could be caught in the sweep.

Can a Bitcoin Mining Business Reduce Your Taxes?
Don Vo, CEO of VBit Technologies talks bitcoin mining and taxes, explaining what goes into at-home bitcoin mining, and how it's akin to running your own business with tax-deductible expenses. Plus, a discussion of how U.S.-mined bitcoin might be increasingly attractive to investors concerned with ethical and sustainable crypto mining.

Crypto.com Launches Tool to Simplify Crypto Taxes
The tax calculator is launching in Canada, but will later see a wider rollout.

India Plans Twin Taxes on Exchanges and Traders Before Passing Crypto Bill: Report
A senior Finance Ministry official told a newspaper that taxation does not necessarily imply legality.

Bitcoin ‘Underperforms’ During Tax Time: Analysis
Bitcoin's price is going down for many reasons including traders who realized gains last year selling to pay their tax bills.

PayPal, Coinbase Invest in Crypto Tax Automation Startup TaxBit
PayPal Ventures, Coinbase Ventures and Winklevoss Capital invested an undisclosed amount in the firm.

South Korea's 20% Crypto Tax Still on Track for 2022: Report
South Korea’s Ministry of Economy and Finance said Wednesday it has finalized a legal amendment relating to cryptocurrency taxes.

Israelis Must Now Disclose Crypto Holdings: Report
Dozens of Israelis who own digital currencies have recently received notification telling them they must fully disclose their assets for taxation purposes.

