Tax

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.

Japan’s Crypto Traders May Face Closer Scrutiny Over Tax Avoidance

| Daniel Palmer

Japanese tax authorities are said to be planning to take action on the under-reporting of cryptocurrency-based profits.

Congressman Emmer to Reintroduce Tax Bill Focused on Crypto Hard Forks

| Annaliese Milano

U.S. Representative Tom Emmer plans to reintroduce a bill that would benefit taxpayers holding cryptos resulting from blockchain hard forks.

US Income Tax Payers Can Now Get Refunds in Bitcoin

| Yogita Khatri

Income tax payers in the U.S. now have the option to receive their federal and state refunds in bitcoin through Bitpay and Refundo.

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.