Latest Posts with Tax tag

Tax

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Feeling annoyed with the taxes on your crypto? Don’t!

1 Apr 2021 1 minute read 5 comments thoth34

Staking is taxable too. UK HMRC (Her Majesty’s Revenue and Customs) has just updated their guideline on the taxation of crypto assets. Staking is now defined to be taxable and its wording is almost same with the taxation of mining. Are taxes high or...

Case Studies of Universal Basic Income

30 Mar 2021 9 minute read 2 comments CryptoCelt97

Case studies of Universal Basic Income   UBI has only really gained renown in recent years. While there are a few examples of UBI being used in practice, it is still relatively rare. Some nations have systems with elements of a modern UBI system, but...

The Development and History of Universal Basic Income

30 Mar 2021 10 minute read 1 comment CryptoCelt97

  The development and history of UBI as a socio-legal theory   To understand Universal Basic Income and why it is relevant, we must explore its history. Exploring the history of the concept will provide the context necessary to see why it might be a...

Capital Gains Tax

25 Mar 2021 2 minute read 0 comments CryptoCelt97

Capital Gains Tax is applied when you dispose of an asset that has increased in value. You are taxed on the gain you have made on the asset, not simply on the money you have received from selling it. For example, if you buy an asset for £30,000 and t...

Should a ‘Robot Tax’ be implemented to fund a permanent dividend fund(UBI)?

19 Mar 2021 3 minute read 9 comments CryptoCelt97

  A new age of automation and AI is emerging, and the ramifications could have severe implications for the workforce and resultingly the personal wealth of the citizens. This is especially true for the lower classes of society where the automation ta...

Update! Stocks reaching 1 year maturity very soon. March Volatility month. Does crypto take advantage or fall?

6 Mar 2021 1 minute read 0 comments Joe rogan

Just a heads up lots of volatility we will be faced the next month or so.  Back in march 2020 we had a huge crash on all stocks. Many took huge opportunities to buy hammered good companies now they are overstretched beyond there 1 year protentional o...

US Tax Law and Cryptocurrency Part 3: Cost Basis Accounting (FIFO, LIFO, HIFO, and Specific Identification)

1 Mar 2021 5 minute read 0 comments Phul

I am a certified public accountant (not an artist) that is based out of New Jersey, and I'm continuing my extensive guide covering the interactions of United States tax law and cryptocurrency. The cost basis of an asset is its original value which is...

US Tax Law and Cryptocurrency Part 2: Tax Loss Harvesting and Wash Sales

25 Feb 2021 3 minute read 0 comments Phul

I am a certified public accountant that is based out of New Jersey, and I'm continuing my extensive guide covering the interactions of United States tax law and cryptocurrency. You can view the first part on LeoFinance, my own blog, Medium, Reddit, a...

US Tax Law and Cryptocurrency Part 1: The Basics

24 Feb 2021 3 minute read 3 comments Phul

This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, investment, or accounting advice. You should consult your own tax, legal, investment, or accounting advisors...

Living From Cryptocurrency In Germany? A Reality Check

14 Feb 2021 5 minute read 22 comments Khazrakh

Like many of us, I'm somewhat obsessed with the concept of living from cryptocurrency instead of relying on my everyday job's salary to pay the bills. I'm pretty confident that this is eventually going to be possible and I certainly don't have any in...