Tax – Page 10 – Forkast

Regulation

US Senate passes $1 trillion infrastructure bill with crypto tax requirements

Despite strong lobbying attempts from the crypto industry for last-minute amendments, the Biden administration’s US$1 trillion infrastructure bill passed the Senate last night with heightened tax reporting requirements for crypto “brokers” and possible ramifications for crypto miners, as Yahoo News reports. Fast facts A compromise amendment requiring unanimous consent to be added to the bill […]

Lachlan KellerAug 11, 2021

Regulatory News

Taxing times for crypto. Ethereum hard fork takes knife to fees. Tencent bets on NFTs.

Top blockchain and crypto news: Is Ethereum’s price flatlining on eve of revolution? Uncle Sam wants pay to play. China’s Big Tech toes the line with NFTs.

Forkast.NewsAug 4, 2021

Regulation

South Korea will tax overseas crypto assets starting next year

S. Korea residents with accounts in foreign crypto exchanges may have to report their crypto holdings starting in 2022. Above what amount is taxable?

Danny ParkJun 4, 2021

Regulation

Australian Tax Office issues reminder of cryptocurrency tax obligations

ATO will contact 400,000 Australian crypto holders over concerns that they may not be fully aware of their crypto tax obligations. Tax cheats beware!

Lachlan KellerJun 1, 2021

Regulatory News

US Treasury calls on firms to report to IRS on crypto transactions over US$10K

The U.S. Department of the Treasury is calling for business to report cryptocurrency transactions worth more than US$10,000 to the Internal Revenue Service.

Lucas CacioliMay 21, 2021

Regulatory News

New year brings new crypto actions from FinCEN, OCC and IRS

New US government rules and guidance aim to boost cryptocurrency taxes, clarify legal liability related to STABLE Act and require more KYC reporting.

Sam ReynoldsJan 8, 2021

Regulation

Top 3 predictions about bitcoin and other cryptos in 2021

What can bitcoin and other cryptocurrency investors expect in 2021? Here are three emerging trends that could reshape the crypto world.

Sam ReynoldsDec 21, 2020

Regulation

OECD shines light on the future of cryptocurrency taxation

As nations grapple with fitting cryptocurrency into existing tax regimes, OECD examines the crypto tax gaps and issues at its blockchain forum this week.

Kristie ChanNov 19, 2020

Regulation

Crypto tax in Australia: what investors need to know

Australians can buy bitcoin from post offices and use cryptocurrency in soda vending machines. But are confusing tax policies discouraging wider adoption?

Stuart ReynoldsAug 7, 2020

Regulation

How IRS treats crypto staking: tax issues every crypto investor should know

Crypto tax expert Vamshi Vangapally explains the impact on coins like NEO, Stellar, VeChain, Ontology, Tezos and soon, ETH 2.0.

Kristie ChanApr 30, 2020