CryptoTax

Democrats Target Puerto Rico's Tax Incentives for Crypto Investors

1 month ago

In a significant policy shift, Democratic lawmakers are turning their attention to the controversial tax incentives that Puerto Rico provides to cryptocurrency investors. This move comes as part of a broader effort to reform taxation in the cryptocurrency sector, which has faced scrutiny in recent years due to issues related to revenue loss and economic inequality.

South Africa's Tax Agency Targets Crypto Tax Defaulters in New Crackdown

2 months ago

In an assertive move to enforce tax compliance, South Africa's revenue service has initiated a targeted campaign aimed at cryptocurrency investors who have failed to declare their earnings. This development comes amidst a growing recognition of cryptocurrencies as a crucial component of the country’s financial landscape.

Bitcoin Jesus Fights IRS Tax Evasion Case from Spanish Island

6 months ago

In what has become a high-profile legal battle, Roger Ver, often dubbed "Bitcoin Jesus" for his early and enthusiastic support of the cryptocurrency, is embroiled in a tax evasion case with the Internal Revenue Service (IRS). Ver, who currently resides on a picturesque island in Spain, is facing serious allegations regarding his tax obligations stemming from his extensive dealings in Bitcoin and other cryptocurrencies.

Italy's Proposed 42% Tax on Crypto Trading Faces Reduction

6 months ago

In a significant development concerning financial regulations, Italy appears set to revise its ambitious tax plans concerning cryptocurrency trading. Originally set at a staggering 42%, the tax proposal has drawn considerable criticism and concerns from investors and stakeholders within the burgeoning crypto market.