Latest Posts with Tax tag

Tax

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!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...

Good economy model and taxation of Thailand.

1 Oct 2020 2 minute read 0 comments Snow Under Sun

- The annual income of the company / factory employees up to 150,000 baht (4750 $) is exempt from tax. Income between 150,000-300,000 5% tax. That is, an income tax of 10,000 baht (315 $) per year is deducted from the salary of a Thai employee whose...

Paying Taxes in Bitcoin and Ethereum Possible in Switzerland Canton of Zug from 2021

4 Sep 2020 1 minute read 52 comments Abhimanyu Krishnan

Citizens and businesses in the Swiss canton of Zug will be able to pay taxes in Bitcoin (BTC) and Ethereum (ETH) from 2021, following a partnership between authorities and Zug-based crypto broker and custodian Bitcoin Suisse, according to a report pu...

Lower your taxes to have more to invest

27 Aug 2020 1 minute read 1 comment JeremiahW

People always say that they would invest more if they made more money. I reply that they would have more money to invest if they simply kept more of the money they made. Taxes is the single largest expense in a person's life and the vast majority of...

Blockchain can create a tax less economy

16 Aug 2020 2 minute read 0 comments Bala

Blockchain is already creating a revolution. There was recently some news about how blockchain technology is used to create an ID in South Korea. I guess they are the ones who use this technology to a greater extent. In other news, I also read that t...

Paying Tax on Cryptocurrency - Beginners Guide Down Under

16 Jul 2020 5 minute read 12 comments Bragato18

If you’ve recently started trading in cryptocurrencies, then you might not have even thought about how it will affect your tax obligations. I recently received a friendly email from the ATO advising that their records show I have previously disposed...