Tax

Blockchain-Friendly UK Lawmaker Calls for Crypto Tax Payments

| Yogita Khatri

British politician Eddie Hughes has proposed allowing local taxes and bills to be paid with cryptocurrencies.

Japanese Lawmaker Proposes 4 Changes to Ease Crypto Tax Burden

| Yogita Khatri

A Japanese politician has proposed four changes to the taxation system he says will promote adoption of cryptocurrency in the country.

Thai Government Trials Blockchain in Fight Against Tax Fraud

| Yogita Khatri

The tax authority in Thailand is testing a blockchain system that tracks value-added tax (VAT) invoices and potentially eliminate fakes.

Ohio Becomes First US State to Allow Taxes to Be Paid in Bitcoin

| Yogita Khatri

Ohio has become the first U.S. state to allow taxes to be paid in bitcoin, starting with businesses.

Norway Ends Power Tax Subsidy for Bitcoin Miners

| Yogita Khatri

The Norwegian government has scrapped a subsidy on electricity tax for cryptocurrency miners in its state budget, a report says.

abacus, math

Japanese Government Working to Simplify Cryptocurrency Tax Filings

| Yogita Khatri

Japan's Tax Commission is planning to introduce a new system to make it easier for crypto traders and investors to calculate their profits.

Blockchain Refresh: Why KPMG’s New Strategy Focuses on Customs

| Ian Allison

Big Four consultancy KPMG is expanding its blockchain activities beyond pure financial services work to explore a less-traveled path.

US Congressman Drafts Bills to Aid Blockchain Development

| Nikhilesh De

U.S. Representative Tom Emmer plans to introduce three blockchain-focused bills to Congress in the coming weeks aimed at spurring development.

US Lawmakers ‘Strongly Urge’ IRS to Update Crypto Tax Guidance

| Nikhilesh De

U.S. lawmakers are calling on the Internal Revenue Service to provide clear guidance on how cryptocurrency-related taxes will be calculated.

Digital Assets Don’t Change Reporting Needs, SEC’s Top Accountant Says

| Stan Higgins

The arrival of cryptos doesn't alter the need to maintain proper accounting records, the SEC's Wesley Bricker said Monday.