#Taxation

Swedish Man Goes to Court over “Absurd” Cryptocurrency Tax Bill

January 23, 2019 by Tokoni Uti at Bitcoin, Finance, News, Regulation

Swedish Man Linus Dunkers has filed a court case after being charged $885,000 in tax for Cryptocurrency trading. An amount he says is over three times all the profit he made, as per a report from SVT January 20, 2019. A Million Ways to Tax One aspect of cryptocurrency adoption...

Former Congressman Ron Paul Accuses U.S. Fed of Manipulation; Urges Cryptocurrency Detaxation

December 10, 2018 by Rahul Nambiampurath at Bitcoin, Blockchain, Finance, News, Platform, Regulation

Former presidential candidate Ron Paul published an article titled “Trump Is Right, the Fed Is Crazy” in November 2018, pointing out for the immediate detaxation of cryptocurrencies and precious metals in the United States. Abusing Power to Manipulate Finance According to Paul, the U.S. Federal Reserve is abusing its position...

The Australian Tax Office is Hunting for Cryptocurrency Traders to Report and Pay their Taxes

June 19, 2018 by Cindy Huynh at Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation

According to The Financial Review, The Australian Tax Office (ATO) is warning cryptocurrency traders that their profits from cryptocurrency trading in 2017 to 2018 will “not go unnoticed.” ATO Explains Cryptocurrency Investing The ATO has provided a very detailed and comprehensive information for Australian citizens when it comes to cryptocurrency...

India May Levy 18 Percent Tax on Cryptocurrency Activities; Making it Practically Legal

May 24, 2018 by Shaurya Malwa at Altcoins, Bitcoin, Business, Finance, News, Regulation

Even though the legal acceptance of cryptocurrencies in India is not crystal clear yet, people with direct knowledge of the issue has stated that India is well on its way to levy Goods and Services Tax (GST) on any activity related to digital assets. The Statement According to a report,...

Cryptocurrencies standing proud waving the French flag blockchain

French Authorities Slash Tax Rate on Bitcoin-related Transactions

April 27, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, News

At a time when several countries of the world are busy slapping hefty and entirely unreasonable tax rates on bitcoin-related transactions, the French Council of State has drastically reduced the fees bitcoiners will pay to the government with effect from April 26, 2018. Movable Property According to Le Monde, French...