Czech Republic to Eliminate Taxes on Long-Term Crypto Gains
The country’s central bank is also looking at whether or not to add bitcoin to its reserves.
taxes
Detroiters Will Be Able to Pay Their Taxes in Crypto Next Year Using PayPal
Detroiters will soon be able to pay their taxes and other city fees with crypto through PayPal, according to a Thursday announcement from Detroit’s Office of the Treasury.
Binance Has Challenged India’s $86M Tax Showcause Notice: Source
Binance, the world’s largest cryptocurrency exchange, has “challenged” a nearly $86 million tax notice from India’s Directorate General of Goods and Services Tax Intelligence (DGGI), a person directly involved with the matter told CoinDesk.
Indian Survey Reveals Impact of Crypto Taxes and Anti-Money Laundering Rules on Investors
India should consider revising its taxes on crypto and not depend on its anti-money laundering rules to reverse the impact of those high taxes, a survey of Indian investors by a New Delhi-based technology policy think tank revealed.
US billionaires pay lower taxes than working class amid growing inequality
Amid rising wealth inequality and recent changes in the government’s taxation policies, an unprecedented trend has emerged – billionaires in … Continue reading
The post US billionaires pay lower taxes than working class amid growing inequality appeared first on Finbold.
Memes to Millions: The Tax Implications of Sudden Crypto Wealth
Caution Taxes Ahead (Yunha Lee/CoinDesk)
Thailand Greenlights Income Tax Exemption for Investment Token Earnings: Report
Earnings already subject to the 15% capital gains tax don’t need to be included when calculating income taxes.
Congress Gets the Runaround From Regulators, Again
Kristin Smith, CEO, Blockchain Association (Shutterstock/CoinDesk)
Crypto Tax Proposal Open for Revision, IRS Officials’ Questions Suggest
While crypto representatives and lawyers cautioned the U.S. Internal Revenue Service (IRS) that its crypto tax proposal is a dangerous and improper overreach, questions posed by a panel of IRS and Department of the Treasury officials at a Monday hearing may reveal some flexibility in the rule as it’s still being written.
Crypto Wants a De Minimis Tax Exemption in the U.S.
The leaders of the Senate Finance Committee, Sens. Ron Wyden (D-Ore.) and Mike Crapo (R-Idaho) published an open letter in July asking the crypto industry to weigh in on crypto tax issues, including loans, staking, mining, constructive sales and wash trading. These comments were due earlier this month.