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Hopes Dashed for India's Crypto Community

Hopes Dashed for India's Crypto Community

The Indian crypto community was upset that the budget did not address crypto, hoping for a 30% tax decrease.

Bitwala Incorporates CryptoTax for Better Tax Reporting

Bitwala Incorporates CryptoTax for Better Tax Reporting

Bitwala, a German-licensed Bitcoin banking service application, announced its new integration remedy with CryptoTax, an entity that assists crypto users to adhere to yearly tax declaration deadlines. This will be instrumental in solving crypto tax headaches.

OECD Will Launch International Crypto Tax Standards in 2021 says Tax Director

OECD Will Launch International Crypto Tax Standards in 2021 says Tax Director

The director of the OECD’s Centre for Tax Policy and Administration has revealed that the OECD will release an international tax reporting standard for crypto assets in 2021.

Crypto.com Partners with Leading Tax Providers to Simplify Reporting Process

Crypto.com Partners with Leading Tax Providers to Simplify Reporting Process

Crypto.com, a pioneering payment and cryptocurrency platform, has partnered with three reputable tax providers namely, Token Tax, CryptoTrader Tax, and CoinTracker for simplified tax reporting with the click of a button. This decision was arrived at following requests by the Crypto.com community to be tax compliant.

IRS Cracking Down on Cryptocurrency Tax Evasion, Seeks Private Crypto Tax Contractors

IRS Cracking Down on Cryptocurrency Tax Evasion, Seeks Private Crypto Tax Contractors

The Internal Revenue Service (IRS) has requested help from independent consultants to crack down on non-compliance in cryptocurrency tax.

EY Launches Crypto Tax Reporting App to Assist Businesses with US Tax Filings

EY Launches Crypto Tax Reporting App to Assist Businesses with US Tax Filings

Ernst & Young (EY) is launching a crypto Software as a Service (SaaS) to offer step-by-step guidance that assists with US cryptocurrency tax filings.

South Korean Tax Specialists Advocate for Lowered Crypto Taxation

South Korean Tax Specialists Advocate for Lowered Crypto Taxation

Members of the Korean Tax Policy Association are calling on the government to consider applying a low-level tax on crypto transactions. The South Korean administration is contemplating taxing cryptocurrencies as part of its tax reform plan for 2021, but specialists feel it requires in-depth conceptualization.

Crypto Tax Payments Permitted in Bermuda

Crypto Tax Payments Permitted in Bermuda

Bermuda has started accepting tax payments using Circle's stablecoin known as USD Coin (USDC).

IRS Updates 1040 Income Tax Form, Lays Traps for Crypto Tax Cheats

IRS Updates 1040 Income Tax Form, Lays Traps for Crypto Tax Cheats

The IRS plans to update the 1040 income tax form for 2020 to make it more difficult for taxpayers to avoid declaring their crypto assets.

Peter Schiff’s Bank Investigated in Global Tax Evasion Probe, Gold May Be Dirty

Peter Schiff’s Bank Investigated in Global Tax Evasion Probe, Gold May Be Dirty

Peter Schiff’s Euro Pacific Bank is currently under a tax evasion probe for hosting numerous financial accounts suspected of tax evasion crimes.

John McAfee Indicted for Tax Evasion and for Fraudulently Promoting ICOs Through Twitter

John McAfee Indicted for Tax Evasion and for Fraudulently Promoting ICOs Through Twitter

The DOJ is charging John McAfee with tax evasion and failure to file tax returns, according to an unsealed indictment that was revealed yesterday.

South Korea Contemplates Imposing 20% Tax on Cryptocurrency Proceeds

South Korea Contemplates Imposing 20% Tax on Cryptocurrency Proceeds

The South Korean administration might consider categorizing proceeds from cryptocurrency transactions as other income that is subjected to 20% tax, such as prize-winning or lottery.

Offshore Tax Invasion Continues to be Investigated by OECD

Offshore Tax Invasion Continues to be Investigated by OECD

The Organization for Economic Co-operation and Development (OECD) thinks that cryptocurrency might be the solution in preventing large scale tax evasion activities that are ongoing all over the world.

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