Crypto Tax

April 25, 2024

Biden’s 44.6% capital gains tax proposal likely a ‘nothing burger’

President Joe Biden’s proposal to raise the capital gains tax rate to 44.6% for certain individuals, marking the highest rate in United States history, may not […]
April 15, 2024

IRS investigation chief expects uptick in crypto tax evasion this year

The United States Internal Revenue Service says it’s gearing up for a significant rise in crypto tax crime cases going forward, as U.S. citizens hit the […]
March 13, 2024

Thailand approves personal income tax exemption for token earnings

In a significant move aimed at promoting investment token usage for fundraising, the Thai government has approved tax breaks for individuals holding investment tokens. This decision, […]
March 12, 2024

Biden resurrects 30% crypto mining tax in new budget proposal

In the recently unveiled budget proposal for 2025, President Joe Biden has reintroduced the idea of imposing a 30% tax on electricity used by cryptocurrency miners […]
March 02, 2024

Indonesia mulling changes to dual taxation on crypto

Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) has reportedly urged the Ministry of Finance to reassess its stance on cryptocurrency taxation. Executive staff members at Bappebti […]
February 19, 2024

South Korean ruling party pledges 2-year delay for crypto tax as elections loom

Amid South Korea’s upcoming general election in April, the ruling People Power Party is advocating for a two-year postponement of crypto gains taxes, aligning with its […]
February 05, 2024

Spanish Treasury to seize crypto to pay tax debts

The Spanish Ministry of Finance is seeking to enhance its oversight of cryptocurrencies within the country to enable the seizure of digital assets for the settlement […]
December 05, 2023

IRS team reports rise in crypto tax investigations

According to the fiscal year 2023 report, the IRS unit investigated failures to disclose crypto holdings and report on capital gains for transactions.   The Criminal […]
August 22, 2023

Coin Center responds to US lawmakers’ request for crypto tax guidance

The crypto advocacy group’s suggestions included a de minimis exemption for crypto transactions and having the IRS provide guidance on block rewards, airdrops and hard forks. […]

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