94 Articles 2 Followers
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...
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...
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...
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...
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...
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...
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...
16 Jul 2020 5 minute read 12 comments B18
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...
14 Jul 2020 1 minute read 0 comments Abhimanyu Krishnan
On July 13, South Korea’s National Assembly proposed a bill that would impose 20% capital gains tax on cryptocurrencies, according to local media outlets. The law considers cryptocurrencies to be goods, as opposed to money. However, there are some nu...
