Search Results for "tax"
Switzerland's Canton of Zug Will Accept Bitcoin and Ethereum For Tax Payments From 2021
The canton of Zug in Switzerland plans to start accepting taxes in cryptocurrencies from the beginning of next year.
Members of Congress Ask IRS for Relaxed Approach to Crypto Staking Taxes
Innovation friendly members of United States Congress have written to the IRS request a level-headed approach to tax on cryptocurrency staking rewards.
Japan’s Finance Minister Says No Plans to Lower Taxes for Cryptocurrencies Amid Call for Tax Rate Cut
Japan’s finance minister stated that there is no need to lower crypto tax rates.
How Are Uniswap’s UNI Governance Tokens Taxed?
Uniswap the popular decentralized exchange recently awarded members its UNI tokens. But what do holders need to know about paying tax on UNI governance tokens?
Kraken Reminds Ripple XRP Holders of Looming Spark Token Airdrop as New Tax Development Unfolds
With the upcoming Spark token airdrop by Flare Networks, many Ripple XRP holders have scrambled to deposit their XRP in participating cryptocurrency exchanges.
US Congress Reveals most Countries Fail to Tax Staked Crypto, Will This be Resolved as Ethereum Launches Staking?
Taxation for cryptocurrencies differ from one country to another and most have yet to provide clear guidelines on how to tax staked crypto.
Lithuania Government Cashes in Seized Crypto Worth €6.4 Million
Through the State Tax Inspectorate (STI), the Lithuania government has cashed in €6.4 million and slotted it in the state budget after selling seized cryptocurrencies.
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.
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.
South Korean Investors Making more than $2,260 from Crypto to be Slapped with a 20% Tax in 2022
The South Korean Ministry of Economy and Finance has announced that investors making at least 2.5 million won, or approximately US$2,260 from crypto trading, will be subjected to a 20% tax from 2022.
Offshore Tax Invasion Continues to be Investigated by OECD
The Organization for Economic Co-operation and Development (OECD) thinks that cryptocurrency might be the solution in preventing large scale tax evasion activities that are ongoing all over the world.
Shenzhen Taxation Bureau to Launch New Blockchain Tax System with Ping An Group
Ping An Insurance and the Shenzhen Taxation Bureau in China signed an agreement to start using blockchain, artificial intelligence (AI), big data, cloud computing, and other technologies to develop a management platform for taxation for all types of taxpayers in the Greater Bay Area.
