Tax Financial News

11.05 / 09:47

IRS FTX Tax FTX Bankruptcy Sees $44 Billion Claims from U.S. Internal Revenue Service

The US Internal Revenue Service (IRS) has filed tax claims worth a staggering $44 billion against bankrupt crypto exchange FTX and its affiliated entities.

09.05 / 22:27

COST Twitter Target Digital Tax President Joe Biden Critiques “Wealthy Crypto Investors” on Twitter

US President Joe Biden critiqued “wealthy crypto investors” in a tweet on Tuesday discussing what “MAGA House Republicans” want to cut in the federal budget.

03.05 / 16:55

Mining white house Tax Taxes White House Council Reignites 30 Percent Tax on Crypto Mining

The White House is pushing to tax cryptocurrency miners to “pay their fair share” for the costs inflicted on local communities and the environment.

03.05 / 15:09

Crime Legal Tax Police UK Cold Calls youtuber Today in Crypto: Authorities Seize Domains of 9 Crypto Exchanges, US 30% Mining Tax Proposal Enters Budget, UK to Ban Cold Calls Selling Crypto, YouTuber Served on Twitter

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

27.04 / 13:11

Provident Tax French Crypto Traders Declared $442 Million Worth of Profits in Recent Tax Year – Here's the Latest

French taxpayers declared some $442 million worth of crypto trading profits in the most recent tax year, per the nation’s tax body.

14.04 / 13:09

UPS Provident IRS Tax week Crypto Holders Face Tricky Tax Situations as US Taxes Due Next Week – Here's What You Need to Know

Crypto investors in the US are finding themselves in tricky tax situations, with many of them still struggling with losses from last year’s market downturn and the many bankruptcies that occurred.

12.04 / 09:47

Ethereum Mining regulation Tax Bitmain Bitcoin Bitcoin Miner Beijing-Based Bitcoin Miner Bitmain Faces Fines for Tax Regulation Breach – Here's the Latest

Major crypto mining hardware maker Bitmain is reportedly looking at a nearly $4 million fine for unpaid taxes in Beijing.

30.03 / 13:05

UPS Target VISA Tax Belarus Says Crypto Firms Can Operate Tax-free Until 2025

Belarus is continuing its bid to woo crypto firms – by extending tax exemptions for token miners and developers until 2025.

16.03 / 22:49

regulation Tax UK UK to Ramp Up Crypto Oversight: Tax Forms to Include Separate Reporting for Crypto Assets – More Regulation Incoming?

The UK will ramp up oversight of the crypto sector with tax forms sent out to individuals now set to include a separate reporting option for crypto assets.

09.03 / 19:27

Ethereum Hack coinbase security DApp Tax swift Multisig Today in Crypto: Swift Sees ‘Clear Potential and Value’ in CBDCs, Whitehat Hackers Interested in Ethereum & Solana, Safeheron Says Multisig Wallets & Dapps are Vulnerable, Gate.io Plans Visa Crypto Debit Card

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

09.03 / 19:27

Tax Biden Administration Proposes Major Changes to Crypto Taxation – Here's What You Need to Know

US President Joe Biden has proposed major changes to the tax rules surrounding crypto, but the plan first have to be negotiated and approved by Republican-controlled Congress.

09.03 / 14:49

regulation Tax Investment DAO compliance Crypto Payroll Firm Toku Raises $20 Million Amid Industry-Wide Shift Towards Compliance

Toku, a startup specializing in token-based payroll and tax compliance, has successfully raised $20 million in funding. The company's unique approach is designed to assist crypto businesses in maintaining regulatory compliance amidst increased scrutiny from regulators. With its innovative solutions, Toku aims to provide a much-needed helping hand to the crypto industry during these uncertain times.

06.03 / 19:13

NFT NFTS Non-fungible tokens Tax Tax Authority tax evasion Israel's Tax Authority Probes NFT Creators Over Alleged Tax Evasion

Israel Tax Authority has arrested two NFT creators for charges of tax evasion and money laundering after allegedly failing to report $2.2 million in sales throughout 2021.

15.02 / 13:37

Tax youtuber South Korean YouTuber Received “Millions of Dollars” Worth of Undeclared Crypto Income

A South Korean YouTuber received “millions of USD” worth of undeclared crypto income, tax officials have stated – following a recent crackdown on social media-based “tax dodgers.”

10.02 / 13:47

SEC Legal IRS Kraken Tax DOJ Customers The IRS is Taking Action to Uncover Identities of This Crypto Exchange's Customers – Who Will Be Affected?

According to the Internal Revenue Service (IRS), the American tax authority, Kraken, the giant crypto exchange, failed to provide requested information regarding its US customers who conducted crypto transactions worth $20,000 or more between 2016 and 2020.

23.01 / 14:47

COST Twitter CEO Tax reform Japan Edges Toward Corporate Crypto Tax Reform

Japan is inching closer to reforming its strict crypto tax laws for corporations – in a bid to stop an “exodus” of crypto talent and capital from flowing overseas.

17.01 / 17:25

NFT Tax Agency Tax Agency Japanese Tax Agency Wants to Tax NFT Sales and Crypto Gaming Profits

The Japanese tax body has signaled an intention to tax non-fungible token (NFT) sales and the profits earned by crypto and blockchain gamers.

10.01 / 14:43

Tax Bithumb Crypto Exchange Bithumb Hit With Tax Investigation, Prosecutors Grill ‘Major Shareholder’

The South Korean crypto exchange Bithumb has been hit with a double whammy from the South Korean tax and legal authorities – with the exchange made the subject of a “special” tax investigation. And prosecutors have summoned its suspected largest shareholder for questioning.

04.01 / 16:21

Tax India's Crypto Space Has Been "Crippled" Under Crypto Tax Laws: Report

India's crypto industry has been "crippled" under the country's controversial tax laws in 2022.

03.01 / 23:07

Tax Italy Introduces Capital Tax on Cryptocurrency Gains - Will Other Countries Follow Suit?

Italy’s parliament has approved a proposal for a 26% tax on crypto gains above 2,000 euros ($2,110).

20.12 / 17:07

Citizens Tax South Korean Tax Officials Have Seized Crypto from 5,741 People

South Korean tax authorities have seized crypto from 5,741 citizens since 2020. Tax officials say the citizens in question were guilty of tax evasion or defaulting on tax bills.

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