Tax

21 US Lawmakers Urge IRS (Again) to Clarify Crypto Tax Rules

| Nikhilesh De

With the U.S. deadline to file taxes days away, 21 lawmakers have again urged the IRS to provide clarity on crypto.

EY Aims to Make It Easier to Calculate Crypto Taxes With New Tool

| Yogita Khatri

The professional services giant has launched a product to help clients automate their cryptocurrency accounting and tax calculations.

Bitwage Now Lets Firms Pay Salaried Staff in Crypto

| Zack Seward

A new product from Bitwage makes it easier to handle payroll taxes when paying employees in bitcoin or ether.

Danish Tax Agency to Collect User Data from Crypto Exchanges

| Yogita Khatri

The Danish Tax Agency has got the green light to collect trader information from local cryptocurrency exchanges to see if they are paying their dues.

UK Tax Agency Publishes Detailed Guidance for Crypto Holders

| Nikhilesh De

U.K. tax body HMRC has provided an in-depth explanation of how cryptocurrency users should pay taxes on their holdings.

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.