Latest Posts with Tax tag

Tax

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I've Never Owned Any Bitcoin, Uncle

16 Jan 2021 4 minute read 0 comments AlucardLife

Honestly, I don't even know why I'm talking to you right now, Uncle. You haven't called me in years, and you don't have jurisdiction over sovereign assets. I honestly think that you're only getting in touch with me because you heard about my success...

Why do you need a crypto tax calculator?

26 Dec 2020 1 minute read 0 comments Cryptotexty

I just read an article about the crypto tax calculator. The author of the article helped his Australian friend to buy some cryptocurrencies, particularly Cardano and Ripple.  While some people live in one of a handful of jurisdictions where capital g...

Steve Mnuchin Tanks Coinbase IPO? (How to Get Around US Wallet Regulations)

18 Dec 2020 3 minute read 4 comments AlucardLife

US Treasury Secretary Steve Mnuchin is set to impose useless, ridiculous regulation aimed at self-hosted wallets. But since he can't really regulate the apps you put on your computer, he has to do it through the exchanges. What the regulation really...

Cryptocurrency Taxation – A Bit Brain Guide

8 Dec 2020 6 minute read 4 comments Bit Brain

If you’re worried about the taxes which you need to pay on your crypto trades, Defi earnings, staked coin dividends etc, then my question to you is:“Why on Earth does your government know what you’re doing with your crypto?”You’re doing it wrong; tha...

Crypto Taxes Canada 2020 (Capital Gains VS Business Income)

3 Dec 2020 1 minute read 6 comments cryptoforcanadians

As we're finishing 2020, some of you may already be thinking about the taxes that you'll need to pay on your gains come next year. Having said that, here's a quick post on how your crypto gains may be calculated in Canada. I do want to say though tha...

!Oh no!! Bitcoin tax!

12 Nov 2020 1 minute read 5 comments richardquo

In the country of taxes, cryptocurrencies cannot be exempt. The deputies of both largest political parties (Frente de Todos, and Juntos por el Cambio), carry out a bill that will try to regulate the purchase and sale of crypto assets. On the side of...

Taxing investments in Europe 🇪🇺 A great Idea ?

10 Nov 2020 2 minute read 0 comments Ykretz

To be able to repay loans, due to the Coronavirus Crisis, European countries are looking for new ways to increase their budget to not be forced to remove funds (again) to other needed priorities like Health or education. Every 7 year, the European Un...

IRS States that Just Holding Crypto Won’t Need Disclosure in Tax Form

27 Oct 2020 1 minute read 16 comments Abhimanyu Krishnan

The United States Internal Revenue Service (IRS) has clarified that those who have only held crypto assets in 2020 need not answer yes to the question of whether they have received any financial interest via cryptocurrencies. The IRS issued the clari...

Accounts Belonging to Peter Schiff's Bank Under Investigation for Tax Evasion

19 Oct 2020 1 minute read 6 comments Abhimanyu Krishnan

According to a report from Australian media outlet The Age published on October 18, authorities are investigating bank accounts belonging to Peter Schiff-founded Euro Pacific Bank. Several governments have issued subpoenas allegedly related to tax e...

Crypto Pension, with 20% free Government top up

5 Oct 2020 2 minute read 0 comments Nevsie

Here in the UK, the government wants you to save your own pension and not be reliant on the state pension. This is being enforced by them making the state pension access age later and later. What used to be awarded in your very early 60's has slowly...