Overstock first to pay taxes in crypto
Retail giant Overstock.com, Inc. announced that it will be using cryptocurrency to pay business taxes owed in Ohio.
Retail giant Overstock.com, Inc. announced that it will be using cryptocurrency to pay business taxes owed in Ohio.
The tax authority of the United Kingdom has published guidelines on the tax treatment of cryptocurrencies, in its most comprehensive advice to crypto investors to date.
Members of France’s National Assembly rejected several proposals to clarify taxation for cryptocurrencies.
The Danish tax authority Skattestyrelsen is pursuing as many as 2,700 Bitcoin Core (BTC) traders over taxes in connection with as much as $12.7 million of unreported transactions.
A Japanese lawmaker has proposed a set of changes to the taxation of virtual currency transactions designed to remove the current barriers to growing trading volumes in the country.
Eddie Hughes, a conservative MP for the Walsall North constituency, wants residents in the United Kingdom to be able to pay their local taxes and utility bills using Bitcoin.
Japan regulators are now looking to introduce a new system that will report significant profits from crypto-based transactions.
Ohio became the first state in the U.S. to allow cryptocurrencies to be used by business entities for paying a variety of taxes.
The Spanish Ministry of Finance is to inspect some 15,000 individuals who have engaged in cryptocurrency transactions over the last year.
The Finance commission of France’s lower house of Parliament is endorsing a proposal to lower taxes on sales from cryptocurrencies by 6%.
The revenue department in Thailand has become the latest government body to turn to blockchain technology, after it announced plans for tackling tax avoidance and investigating fraud.
A new law approved by Spain’s Council of Ministers will oblige private citizens to declare their cryptocurrency holdings, in a landmark development for crypto regulation.