Tax

UK Tax Authority Issues Crypto Guidance for Businesses

| William Foxley

After clarifying how individual taxpayers should deal with cryptos last year, the U.K.'s HMRC has now issued guidance for enterprises.

Tencent to Lead Drafting of International Blockchain-Based Invoice Standards

| William Foxley

The internet giant, which has been working on blockchain-based invoices for some time, will lead the development of new standards.

Chinese Official Warns Libra Could Abet Illegal Cross-Border Transfers

| Daniel Kuhn

Libra must abide by international foreign exchange regulations to not enable illegal transfers or “it should be banned,” a senior Chinese…

The IRS Just Issued Its First Cryptocurrency Tax Guidance in 5 Years

| Anna Baydakova

For the first time since 2014, the IRS is detailing how it will tax cryptocurrency holdings. Here's what you need to know.

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New IRS Warning Letters Target Crypto Investors Who Misreported Trades

| Nikhilesh De

The IRS is sending another round of warning letters to crypto users, this time to taxpayers who it thinks misreported income on exchange transactions.

New Zealand Tax Office Makes It Legal to Pay Salaries in Crypto

| Daniel Palmer

New Zealand's Inland Revenue Department has made it legal to receive salaries in cryptocurrency, and be taxed accordingly.

IRS Warnings to Bitcoin Traders Offer Clues to Coming Tax Guidance

| Nikhilesh De

Though the IRS has yet to publish its promised crypto tax guidance, the warning letters recently sent to 10,000 traders hint at what to expect.

North Carolina Congressman Reintroduces Crypto Tax Bill

| William Foxley

Reintroduced cryptocurrency tax legislation is taking aim at the IRS's current code

British Authorities Seek Data from Crypto Exchanges in Search of Tax Evaders

| Ian Allison

The U.K. tax authority is pressuring crypto exchanges to reveal customers' names and transaction histories in a bid to claw back unpaid taxes,…

Australia to Crack Down on Crypto Tax Avoidance Schemes

| Benedict Alibasa

The Australian Taxation Office is hunting down major tax avoidance schemes using cryptocurrencies, according to a report.