taxes | ForkLog

ForkLog 19 06.08.2021

Co-author of U.S. plan for expanded cryptocurrency taxation backs amendments to bill

U.S. Senator from Ohio Rob Portman backed the amendments proposed by colleagues that would carve out certain types of cryptocurrency business from the bipartisan infrastructure funding plan.

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ForkLog 20 05.08.2021

US lawmakers propose amendments to bipartisan plan for expanded cryptocurrency taxation

A group of senators Ron Wyden, Cynthia Lummis and Pat Toomey proposed exempting miners, node operators, software developers and other non-custodial participants from the bipartisan plan to fund infrastructure spending.

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ForkLog 21 04.08.2021

US Congress plan for expanded cryptocurrency taxation meets resistance

The proposals for cryptocurrency taxation in the U.S. Congress infrastructure bill are 'unworkable'. Republican Senator Pat Toomey of Pennsylvania criticized them.

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ForkLog 23 01.08.2021

Experts criticise US Congress plan for expanded crypto taxation

On July 28, US senators approved a bipartisan bill aimed at modernising America’s infrastructure. The plan would spend about $1 trillion, with part of the funding provided through a tougher regime of crypto taxation.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 17 30.07.2021

Finland’s customs launches tender among brokers to sell seized cryptocurrency

Finland's customs announced a tender among cryptocurrency brokers. The agency is seeking an operator through whom it can “reliably and safely” liquidate seized cryptocurrency.

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ForkLog 11 30.07.2021

Israel to require residents to report crypto holdings above $61,000

Israeli citizens will be required to report holdings of digital assets worth more than 200,000 shekels (~$61,270). The proposal is contained in the Finance Ministry's drafted bill.

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ForkLog 17 29.07.2021

US authorities to raise $28 billion from crypto-transaction taxes

The U.S. Internal Revenue Service (IRS) will raise an additional $28 billion in taxes from cryptocurrency transactions. Such estimates are contained in the latest version of the bipartisan Congress plan to fund infrastructure spending, Bloomberg reports.

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ForkLog 20 28.07.2021

Binance launches API for clients’ tax reporting

The cryptocurrency exchange Binance has launched a new API that enables clients to track their crypto-asset transactions to fulfill tax obligations.

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ForkLog 15 23.07.2021

IRS to simplify reporting of income from crypto transactions

The new version of the US Internal Revenue Service (IRS) Form 1040 includes refined wording on the cryptocurrency-transaction question. Bloomberg Law experts surveyed say this will reduce ambiguity for taxpayers.

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ForkLog 9 20.07.2021

UK tax authority seeks customer data from overseas cryptocurrency exchanges

The UK tax authority (HMRC) has begun gathering information on customers of foreign cryptocurrency exchanges from overseas tax authorities. Decrypt reports this, citing Gherson Solicitors.

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ForkLog 43 02.07.2021

Media: India to levy 18% tax on foreign cryptocurrency exchanges

The Indian government is considering introducing an additional 18% tax on foreign cryptocurrency exchanges offering services to residents.

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ForkLog 11 23.06.2021

Authorities in South Korea seize $47 million in cryptocurrency over tax evasion

Officials in South Korea's Gyeonggi Province seized assets totaling $47 million in Bitcoin, Ethereum and other cryptocurrencies from 12,000 people who had evaded taxes.

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