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Cryptonews Tags Tax

# Tax (Page 21)

Collect Taxes More Effectively to Avoid ‘Debt Trap’ Chaos, Warns IMF
Global financial chiefs have suggested that they may look to more aggressive tax collecting measures in advanced economies as a means to dig the world economy out of a “disturbing” impending coronavirus pandemic-induced debt hole.The comments were made at a virtual summit of the...
, by Tim Alper
Yellen & Global Tax Plan, Russian Crypto Consultation, Indian NFT Marketplace + More News
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.Janet Yellen. Source: A video screenshot, Youtube/Credit SuisseTax newsJanet Yellen will use her first major address as US Treasury secretary to...
, by Sead Fadilpašić
‘Guys, File Your Crypto Taxes, the IRS is Coming’
A tax expert is warning that filing crypto taxes is a must in order to avoid penalties, as the taxman knows you've got reportable transactions. This comes as the Internal Revenue Service (IRS), the service of the United States federal government responsible for collecting taxes, is officially...
, by Sead Fadilpašić
Judge Hands Convicted Crypto Tax Evader 3-Year Suspended Jail Sentence
A Japanese man who was found guilty of crypto-related tax evasion earlier this month has been handed a fresh three-year suspended jail term and ordered to pay a fine of around USD 163,000 after hiding his bitcoin (BTC) earnings from the authorities.In a high-profile case, Hideji Matsuda, a...
, by Tim Alper
Digital Euro Summer, Enjin Filled With Millions, Biden’s USD 2T Tax Plan + More News
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.CBDCs newsThe President of the European Central Bank (ECB), Christine Lagarde, has stated that European Union finance chiefs could...
, by Sead Fadilpašić
Mini Bitcoin Futures, UK Crypto Tax Guide, Michael Jordan & NFTs + More News
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.Exchanges newsMajor derivatives marketplace CME Group said it will expand its suite of crypto derivatives with the introduction of a new...
, by Sead Fadilpašić
Wait For IRS Before Spending Bitcoin, NFT Exhibition, Crypto.org Chain + More News
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.Taxes newsThe active management firm Ark Invest founder Cathie Wood said that bitcoin (BTC) investors in the US shouldn't transact with...
, by Sead Fadilpašić
Potential Buyers Divided on the Wisdom of Spending Bitcoin on a Tesla
The taxman “will be hovering with palms out” should American customers decide to take up Elon Musk’s offer of buying one of Tesla’s cars using bitcoin (BTC), observers have pointed out – with capital gains and income tax levies a possible deterrent for would-be...
, by Tim Alper
Rakuten Points To BTC, Crypto.com & Visa, a16z Dives Into NFT Sea + More News
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.Adoption news The Japanese e-commerce giant, e-pay and crypto exchange operator Rakuten has taken another step into the crypto sphere,...
, by Linas Kmieliauskas
South Koreans Warned to Pay Tax on Crypto Held on Foreign Exchanges
South Korea’s National Tax Service (NTS) is on the warpath – and has crypto firmly in its sights.Fresh from swooping on over 2,400 individuals it said have sought to conceal their earnings by buying cryptoassets like bitcoin (BTC) and ethereum (ETH) – in some cases seizing crypto...
, by Tim Alper
Bitcoin Suisse’s License Plan, Fed Rates, Delayed Tax Season + More news
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.Regulation newsCrypto financial services firm Bitcoin Suisse AG might resubmit its banking license application after it was withdrawn...
, by Linas Kmieliauskas
South Korean Authorities Liquidate Tax Dodgers’ Crypto Holdings
South Korea’s tax authorities said they have evidence that 2,416 South Korean people have hidden their income by buying cryptoassets including bitcoin (BTC), ethereum (ETH) and more in efforts to avoid having to pay tax on their earnings – and have moved to seize and liquidate their...
, by Tim Alper
MP Claims that Russia’s Crypto Tax Threshold Is Subject to Change
Russian parliamentarians could be set to alter the soon-to-be-imposed legal threshold for crypto tax declarations, a State Duma committee member has conceded. Source: Adobe/frag As previously reported, lawmakers have previously voted in favor of a bill that would force crypto traders to declare...
, by Tim Alper
Japanese Crypto Tax Evader Hit with Year-long Jail Sentence
The Japanese courts have sent an ominous warning signal to would-be crypto tax evaders – by jailing a 56-year-old man who pleaded ignorance of how Japan’s crypto tax laws work.Per Chunichi, the man, an office worker named Hideji Matsuda, was given a one-year sentence and fined over USD...
, by Tim Alper
Morgan Stanley, Soros Tap Into Bitcoin, Speedy Taproot, Ethereum’s Berlin + More News
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.Investments newsUS-based NYDIG, a Stone Ridge-run subsidiary firm that provides crypto services to institutional investors, said it...
, by Linas Kmieliauskas
Duma Committee Chief Throws up Roadblock to Russia’s Crypto Tax Plans
A parliamentary legislation committee leader has stated that there is a need to provide with legal status and legally binding definitions for crypto-related terms in Russia before proceeding with further tax-related lawmaking and regulation. The move potentially throws a spanner into the works of...
, by Tim Alper
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