Tax News
Sentiment inches higher in light newsflow, US 10yr due – Newsquawk US Market Open
European bourses are firmer as the tone improves while US futures attempted to claw back recent downside DXY dips under 102.50, Yuan in focu...
A Long-Awaited Crypto Tax Rule Was Written Months Ago. Why Isn’t it Proposed?
Senators have told the IRS to hurry its regulations on brokers reporting crypto transactions while crypto lobbyists question whether the del...
FTX has a plan, but creditors are not impressed: Law Decoded
FTX has outlined its intended reorganization plan, which will categorize claimants of the bankrupt exchange into specific classes and pave t...
Elizabeth Warren, Bernie Sanders Demand Closure Of “$50 Billion Crypto Tax Gap”
United States senators, including Elizabeth Warren and Bernie Sanders, have claimed that crypto tax evaders are siphoning off billions from ...
Ukraine claims $81m tax gap from unregulated crypto exchanges
Ukrainian authorities allege crypto exchanges have evaded over $81 million in contributions to the national budget over the past ten years. ...
Elizabeth Warren pressures Treasury, IRS for swift action on $50B crypto tax loophole
In a recent letter addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, US Senators led by Elizabeth Warren have...
Elizabeth Warren, Bernie Sanders urge closure of ‘$50 billion crypto tax gap’
A number of United States’ lawmakers have urged the Internal Revenue Service (IRS) and the Treasury to speed up the closure of tax loophol...
Elizabeth Warren, Bernie Sanders Demand Crackdown on ‘Crypto Tax Evaders’
Left-leaning lawmakers have urged the IRS and the Treasury to publish tax reporting guidelines for cryptocurrency brokers—and then vigorou...
Biden Administration Under Pressure To Implement Crypto Rules: WSJ
The implementation of a law designed to track down cryptocurrency tax evaders is delayed within the U.S. Treasury Department, thereby placin...
“The Market Is Looking For Excuses To Take Profits”: Futures Slide As US Downgrade Shakes Sentiment
US futures slumped as part of a global risk-off tone (but were well off their lows, which were down as much as 1%), after the US was strippe...
Digital Asset Investors Should Report Crypto Staking Rewards as Taxable Income: IRS
The US Internal Revenue Service (IRS) has outlined the latest tax guidance that classifies earnings from crypto staking as taxable income. P...
IRS Says Staking Rewards Is Taxable Income in Latest Revenue Ruling
The United States’ top tax authority, the Internal Revenue Service (IRS), has issued a new ruling clarifying the treatment of income e...