The IRS has been authorized to seek information on users of the cryptocurrency exchange Kraken, to ensure they are paying their taxes.
The Internal Revenue Service (IRS) has obtained court authorization to serve a John Doe summons on cryptocurrency exchange Kraken. The tax agency is seeking data of users with $20,000 or more in cryptocurrency transactions during the years 2016 to 2020. IRS Wants User Information From Crypto Exchanges The U.S. Department of Justice (DOJ) announced Wednesday […]
Opponents of the government’s plan to tax gains from cryptocurrency trading outnumber supporters among South Koreans in their 20s, a new survey shows. Representatives of other age groups are more open to the proposed taxation of investments in virtual assets. Nearly Half of Young Koreans Reject Tax on Crypto Profits According to the poll, a […]
“I have worked with this person for many years, and he has a tendency to try to change the terms of payment after agreeing on a certain way of operating,” said the contract worker.
The U.K. tax authority is trying to crack down on wealth hidden in “unsanctioned” currencies.
Report: Biden Seeking To Nearly Double Capital Gains Taxes For Wealthy Americans
Officials are considering a tax on all cryptocurrency transactions in Indonesia.
South Korea’s finance minister said that cryptocurrencies like Bitcoin will be taxed as “intangible assets.”
Only 0.3% of taxpayers in the U.S. would be hit by higher levies on their investments under the new capital tax plan, a senior Biden administration official said.
Are there any pitfalls in NFT taxation according to the current U.S. laws?