Australia’s revamped data program to ‘catch out’ crypto tax cheats
The Australian Tax Office is collecting over a decade of crypto transaction data, and tax dodgers could be busted if ...
Tag: tax
IRS finalizes new regulations for crypto tax reporting
Crypto platforms will need to report transactions to the Internal Revenue Service, starting in 2026. However, decentralized platforms that don’t ...
Congressman Matt Gaetz Introduces Bill to Allow Federal Income Tax Payments in Bitcoin
Congressman Matt Gaetz (R-FL) has introduced legislation to allow federal income tax payments to be made in Bitcoin. Exclusively reported first ...
Blockchain advocacy group raises privacy concerns over IRS crypto tax form
The Chamber of Digital Commerce proposes adding a field to the form for brokers to indicate if a digital asset ...
Nigeria Drops Tax Evasion Charges Against Binance Executives
Events in the saga between Nigeria and Binance continue to unfold. This time, the country dropped tax charges against the ...
Nigeria drops tax charges against Binance executives
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nigeria dropped ...
Europe’s Eighth-Largest Economy Proposes New Tax on Crypto Transactions: Report
The eighth-largest economy in continental Europe is reportedly proposing a new tax on crypto transactions. According to a new report ...
MicroStrategy and Michael Saylor settle tax case for $40M
In August 2022, Michael Saylor faced allegations of tax evasion. He has since reportedly made the largest income tax fraud ...
Responsible AI can revolutionize tax agencies to improve citizen services
The new era of generative AI has spurred the exploration of AI use cases to enhance productivity, improve customer service, ...
How to determine crypto cost basis for accurate tax filings
Calculating the cost basis of cryptocurrency for tax purposes involves considering purchase prices, transaction fees and events such as hard ...