Tax News
US Could Kill DeFi Unless IRS Changes Course on Tax Rules: Blockchain Association
The proposed redefinition of a single word in a federal tax rule by the U.S. Treasury and the Internal Revenue Service (IRS) would, if adopt...
Betting on Bitcoin: Hong Kongâs Immigration Investment Scheme Opens Doors for Crypto
Hong Kongâs Immigration Investment scheme, announced in March, hopes to attract overseas investments from 200 family offices by the end of...
How Indiaâs Controversial Crypto Tax Policy Has Failed
The Esya Centre, a think-tank based in India, has suggested that the Indian governmentâs choice to tax crypto has been a failed exercise. ...
Is Portugal Europeâs Crypto Tax Heaven? Legal Expert Shares Insights and Loopholes
Portugal, with its tax-friendly stance on crypto, stands as a beacon for investors in the digital asset industry. The countryâs unique tax...
IRS crypto tax reporting rules threat to industry: Coinbase legal chief
Coinbase crypto exchange chief legal officer Paul Singh Grewal called upon the crypto community to join the movement against the United Stat...
Council of Europe adopts DAC8 crypto tax reporting rule
The eighth iteration of the Directive on Administrative Cooperation (DAC8), a cryptocurrency tax reporting rule, was formally adopted by the...
7 crypto leaders share tips to help Web3 companies prep for tax season
No company looks forward to tax season, but for Web3 businesses, preparing can be particularly difficult. Global operations subject Web3 bus...
Taxes Targeting DeFi Would be âAwfully Challengingâ: Coinbase VP
The decentralized finance industry would be âawfully challengingâ for American tax authorities to survey, Coinbaseâs top tax lawyer ha...
Long and short positions, explained
The concept of long and short positions The long and short positions represent opposite strategies that investors and traders use to specula...
Indiaâs 1% Tax on Crypto Trades Wonât Work for High-Frequency Trading: Nischal Shetty
As lawmakers attempt to button up crypto with new rules worldwide, a 1% Tax Deducted at Source (TDS) in India has stifled certain traders en...
South Koreans Hold $99B of Digital Assets Overseas: Tax Service
The crypto held abroad accounts for about 70% of all assets held outside the country. South Korea flag (Daniel Bernard/ Unsplash) Drive the ...
Crypto Wants a De Minimis Tax Exemption in the U.S.
Earlier this month, representatives of the crypto industry filed responses to the Senate Finance Committeeâs request for comment on tax ru...