Browsing the "Tax" Tag

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 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.

Korean Government Seeks to Strip Tax Perks From Crypto Exchanges

| Wolfie Zhao

Cryptocurrency exchanges in South Korea may soon lose eligibility for tax benefits currently granted to smaller companies and startups.