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” Colorado accepts tax payments in crypto: Was it just a matter of time? “ The governor of Colorado, Jared Polis, announced in February that the state government plans to allow residents to pay taxes in cryptocurrencies as early as the summer of 2022. To some experts, the move is both legitimizing for the crypto…
” Portsmouth embraces Bitcoin payments for city bills “ In an effort to embrace virtual money, the city of Portsmouth, New Hampshire, will allow residents to pay their bills in Bitcoin (BTC) and other cryptocurrencies. Deaglan McEachern, the city’s mayor, proposed the idea to city officials, who feel it will provide residents with more payment…
” Proposal for crypto tax policy in India will go to parliament on March 24 “ A tax proposal on crypto from India’s Finance Minister Nirmala Sitharaman may be closer to becoming law as the country’s lower house of parliament is scheduled to consider the legislation on Thursday. According to a Wednesday publication, Sitharaman will…
“How Democrats are stopping NYC from bouncing back from COVID” The city that was once the greatest in the world has become the last to bounce back in the aftermath of COVID — and it’s no secret why. One-party Democratic rule opposed a return to pre-pandemic normalcy, and it has led to one of the…
” OECD opens proposal on tax transparency framework for crypto to public comment “ The Organisation for Economic Cooperation and Development, or OECD, has suggested additional requirements on reporting crypto transactions and identifying users aimed at increasing transparency for global tax authorities. In a public consultation document released on Tuesday, the OECD opened for public…
” Indian crypto tax policy to treat each digital asset investment independently “ Indian crypto tax policy became even more complicated just a week before the new tax laws are set to come into effect. A new parliamentary note answering queries about the new tax policies on virtual digital asset (VDA) suggest that traders can’t…
” Tax expert says buying crypto is not a taxable event “ While many refer to crypto as the “Wild West,” some believe that this may only continue for a little longer. Thomas Shea, crypto tax leader at EY Financial Services, told Cointelegraph that taxation for crypto is an evolving area and new regulations may…
“New Yorkers confirm high taxes are pushing them to flee the state in droves” A new poll could spell big trouble for New York: Nearly four of every 10 voters here are thinking of fleeing. Their No. 1 reason: high taxes. The survey, released this month by Zogby, found that 38.9% of voters are “considering”…
” How to navigate cryptocurrency tax implications amidst the CPA shortage “ Cryptocurrency is a hot topic worldwide, especially with prices of Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies hitting higher thresholds and resulting in another banner year for investors. While the earnings look good on paper, one factor is often left to consider ––…
” Thailand reportedly exempts 7% crypto tax for traders on authorized exchanges “ The finance ministry of Thailand has reportedly eased up crypto tax regulations to promote investment in the digital asset market. The changes to the tax regulations come just a few weeks after the government scrapped its early plans of introducing a 15%…