Cryptocurrency Analysis and News Portal
Levying a progressive tax on the ultra-wealthy has been a talking point long popular with many United States Democrats, yet such a policy would have been unimaginable under a Republican administration and a split Congress.Now that the Democratic Party is back in control of both the White House and Capitol
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Lawmakers in Kentucky are looking to impose tax breaks for local cryptocurrency miners.Kentucky lawmakers on Tuesday approved several state tax breaks including House Bill 230, which would remove the sales tax from electricity purchased by local crypto mining operators.According to a report by the Lexington Herald-Leader, Kentucky legislators voted 19
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The Swiss canton of Zug has started accepting tax payments in cryptocurrency.In a previous announcement in 2020, the Swiss authorities said that, from February, citizens and companies based in Zug will be able to pay up to 100,000 CHF (around $111,300) of their taxes in either bitcoin or ether. No
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The bill proposes to recognise cryptocurrency as property for purposes of taxation. Source
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Republican Rep. Tom Emmer has called for more precise tax guidelines regarding cryptocurrency earnings, after a report he commissioned from the Law Library of Congress showed a stark disparity between regulatory approaches taken by various tax authorities around the world.The 128-page study examines cryptocurrency tax laws in 31 nations, paying
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The South African Revenue Service is likely "ensnaring" non-compliant taxpayers, a tax consultancy said in a news report. Source
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January ushers in a new tax season. It is also, historically, a time when bitcoin underperforms relative to the other months of the year. Some analysts say that may not be a coincidence.From 2014 to 2020, bitcoin was down in four out of seven Januarys and six out of the
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Reps. Rudy and Freeland's bill would exempt crypto miners from paying either Kentucky sales or excise tax. Source
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PayPal Ventures, Coinbase Ventures and Winklevoss Capital invested an undisclosed amount in the firm. Source
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The Indian government is considering a bitcoin transaction tax that would add $1 billion in revenue a year, a move some industry participants said is a sign of the government’s growing comfort with cryptocurrencies.A proposal put forward to the Central Board of Indirect Taxes & Customs (CBIC) by the
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