Search Results for "revenue earnings"
The UK's HMRC Begin Tax Talks for Cryptocurrency
November 2019 has seen newly published guidelines come into place, with Her Majesty’s Revenue and Customs (HMRC) collecting advice and consulting with third parties to create new principles on different taxes in the United Kingdom.
IRS Cracking Down on Cryptocurrency Tax Evasion, Seeks Private Crypto Tax Contractors
The Internal Revenue Service (IRS) has requested help from independent consultants to crack down on non-compliance in cryptocurrency tax.
PayPal Payment Giant to Expand Cryptocurrency Offerings to UK Market Within Months
PayPal has revealed a brief timeline, indicating the expansion of its crypto business to the UK market in a few months’ time.
Crypto Founder of Ethereum-Based Oyster Protocol Arrested for Tax Evasion in Exit Scam
The founder of Ethereum-based smart contract platform Oyster Protocol has been arrested following an exit scam in which he reaped a multi-million dollar profit.
Bitcoin Mining Revenue Reaches a 2020 Yearly High of $21 Million per Day
Bitcoin (BTC) mining revenue has hit a new 2020 record, with $21 million per day earned on November 18.
IRS Sends Warning Letters to Prevent Crypto Owners from Evading Tax
The Internal Revenue Service began sending warning letters out to cryptocurrency owners in the United States, announcing that taxpayers should be paying back taxes they owe or to file amended tax returns in regards to their cryptocurrency holdings.
Revenue from MicroStrategy’s $600M Private Offering Will Be Used to Buy Even More Bitcoin
MicroStrategy will host a $600M private offering and the revenue will be used to buy more Bitcoin.
Nigeria Expects to Generate a Revenue Stream of $6 Billion Through Blockchain Technology by 2030
Nigeria says that blockchain in the country could generate a revenue of between $6 and $10 billion in 10 years.
Blockchain: Emergence of a New Breed of Tax Professionals in the Digital VAT World
Governments around the world are seeking new sources of revenue, and value-added tax (VAT) is the key revenue driver and the largest contribution to governmental budgets. Each year billions of dollars are lost in tax revenue due to non-compliance, evasion, fraud, and non-collection.
Oct 08 Trading Analysis: BTC will dance to the U.S. elections beat...
Markets overreacted earlier in the week to Trump walking away from COVID stimulus negotiations. For me, it was clearly a negotiating tactic. Clearly, that was the case with Trump ready to sign for Stimulus Checks yesterday and Pelosi and Mnuchin discussing airline relief later today.
PwC Expert's Take: What Are the 3 Grey Areas to Crypto Taxation in Hong Kong?
The Inland Revenue Department (IRD) of Hong Kong took a step further to provide clarity in taxing digital assets. In the recent press release titled “LCQ20: Regulation of virtual asset investment activities”, James Lau, the Secretary for Financial Services and the Treasury answered the queries raised by the Hon Wu Chi-wai on taxation of virtual assets, tax evasion of virtual asset-related business and latest effort to regulate virtual assets by the Hong Kong Securities and Futures Commission (SFC).