Tax News
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 ‘Awfully Challenging’: Coinbase VP
The decentralized finance industry would be “awfully challenging” for American tax authorities to survey, Coinbase’s 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...
India’s 1% Tax on Crypto Trades Won’t 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 Committee’s request for comment on tax ru...
Thailand Plans to Tax Overseas Income From Crypto Traders
Thailand, a country that has previously touted itself as crypto-friendly, is planning to tax foreign income from crypto traders. The newly a...
European Lawmakers 90% In Favor Of Stringent Crypto Tax Framework
European Parliament lawmakers strongly supported a continent-wide tax-reporting rule for crypto transactions, with approximately 90% of vote...
Self-Custody Will Normalize Crypto Tax Payments, Says Recap CEO
In Brief According Dan Howitt from crypto tax service provider Recap, people must be able to pay crypto tax pseudonymously. Crypto investors...
Octav Raises 2.65 Million To Help Label DeFi Transactions
Disclaimer:Learn more › Montreal, Canada, September 12th, 2023, Chainwire — Octav, a DeFi labeling and tax reconciliation platform, rais...