taxes

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Brazil Put Crypto Exchanges in Tough Condition: Forcing Them to Stop Working With New Tax Law

18 Feb 2020 1 minute read 1 comment Tokenhell.com

Brazil addressed the issue of crypto regulation and as a result, implemented strict rules for crypto that affected many exchanges in the country. Two of the major cryptocurrency exchanges are now planning to shut their operations following the implem...

Amazon in the news again - Bezos selling stock - Amazon taxes paid

10 Feb 2020 1 minute read 1 comment TrocProcLock

So Amazon is in the news again for a few reasons. This can be a touchy subject because people love Amazon Prime and I do too. But at what point do we take a step back and realize it's too good to be true? So let's look at the year 2018. Amazon made m...

Cryptocurrency & Tax Law in the United States

2 Feb 2020 7 minute read 0 comments Coastline17

Cryptocurrency & Tax Law in the United States When Bitcoin first emerged almost 11 years ago, there were people who thought it was just a phase that wasn’t going to stick. Some made a lot of money, while the skeptics remained doubting, waiting for th...

Bitcoin available for local taxes payment in Switzerland

30 Jan 2020 1 minute read 0 comments CryptoArch

The small Swiss municipality of Zermatt accepts Bitcoin for the payment of local taxes. The company Bitcoin Switzerland has just installed a crypto-payment solution in Zermatt City Hall. Taxpayers can now pay their taxes directly with the first crypt...

The municipality of Zermatt in Switzerland also accepts the payment of bitcoin taxes, it is the second largest after Zug

30 Jan 2020 1 minute read 0 comments Roberto D.

While the American tax authorities are lost in a glass of water and all the bills to allow the payment of bitcoin taxes have run aground due to the alleged difficulty in the accounting management of this type of payment, Switzerland continues to pres...

South Korea evaluates the possibility of taxing cryptocurrencies with a fixed rate of 20%

21 Jan 2020 2 minute read 0 comments Roberto D.

This was reported by the news site The Korea Times, with an article published today; According to reports from the local information body in English, therefore, the Ministry of Economy and Finance of South Korea is considering the possibility of impo...

The Tax System Explained - Using a Beer Analogy

10 Jan 2020 2 minute read 0 comments CryptoCat

Suppose that once a week, ten men go out for beer and the bill for all ten comes to £100. If they paid their bill the way we pay our taxes, it would go something like this... The first four men (the poorest) would pay nothing.The fifth would pay £1.T...

Cryptocurrency taxes, the US case

19 Dec 2019 3 minute read 2 comments Roberto D.

Tax payment has always been a thorny issue when it comes to cryptocurrency trading; the reason, contrary to what the media coverage claims, is not that cryptocurrency traders are all evaders criminals who refuse to pay the tax due but, more simply, t...

The IRS Is Coming For You... Switch To Privacy Coins Before It's Too Late!!

9 Oct 2019 2 minute read 5 comments SwapTok.com

When will the theft-by-taxation of the U.S. government ever end? Apparently,  not anytime soon, according to today's new guidance released by the IRS. The notice released today October 9, 2019 adds to Notice 2014-21, which sets "general principles of...

Cryptocurrency Taxes: What You Need to Know

14 Sep 2019 5 minute read 1 comment MintDice.com

Taxes are one of the most important things to consider when dealing with assets of any kind, especially since failure to do so could lead to problems with the IRS. Some people are not aware that cryptocurrency is an asset, just like any other asset c...