Canada Tax Collector Seeks to Force Crypto Exchange Coinsquare to Fork Over Client Records
The demand mimics a play tax enforcers at the IRS deployed against Coinbase. Source
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Tax
Tax professional explains the most important thing for US crypto holders
Wendy Walker, solution principal at the tax compliance company Sovos, described reporting as the most important aspect of tax filing that people in the blockchain industry should know about. "Even if you don't owe income taxes, you still have to report details of the transactions," Walker told Cryptox in an interview.
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Peter Schiff’s Alleged Tax Evading Bank Was Hit With Bitcoin Ransomware
Peter Schiff is one of Bitcoin’s biggest naysayers. The well-known gold bug recently had his dirty laundry aired
Read MoreFool’s gold? Peter Schiff’s bank under investigation in tax evasion probe
This morning, millionaire broker and noted Bitcoin skeptic Peter Schiff awoke to find his bank under renewed scrutiny due to an international criminal investigation. According to reporting from Australian newspaper The Age and The New York Times, the J5 -- a joint task force of tax authorities from major Western governments
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OECD Preparing Crypto Tax Reporting Framework for World’s Largest Economies
The tax framework may address questions surrounding wallet providers and income not derived from crypto sales. Source
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Inflation Is the Cruelest Tax
A reading of a new piece from the Wall Street Journal that NLW argues shows a shifting mainstream narrative.NLW argues the piece reflects a changing conversation in mainstream financial circles about the possibility of inflation on the other side of new Federal Reserve policy. Source
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Dow Soars as Trump’s Tax Returns Fail to Dent U.S. Stock Market
The Dow Jones rallied 1.9% to start the week. If Wall Street was bothered by the release of Donald Trump’s tax returns, it didn’t show. Boeing stock led the Dow 30 with a monster 7% rally. The Dow Jones rallied over 500 points on Monday, powered by a massive surge in Boeing stock
Read MoreNew Zeland’s tax authority grills companies for info on crypto users
New Zealand businesses must now submit information on their clients' digit asset usage to the country's tax regulator, the Inland Revenue Department, or IRD. The governing body said it wants to get a better grasp on the crypto scene in the country and determine an applicable tax framework for the asset class,
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Blockchain Bites: Crypto Tax Switcheroo, Stablecoin Confusion, the Post-Capitalist Plunge
Fintech giant Plaid has quietly added support for two DeFi applications, the IRS wants to know about your crypto holdings and data shows the total value of stablecoins has surpassed the $20 billion milestone. Plaid <3 DeFiVisa-owned fintech company Plaid, which connects traditional bank accounts to thousands of digital platforms has quietly
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European Crypto Tax Companies Announce Merger to Power US Expansion
The merger means Blockpit and Crypto Tax can look at taking their newly combined regtech offering to the lucrative U.S. market Source
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