[Dec 10 9:22 PM] President Javier Milei has replaced the leadership of the country’s revenue agency following the introduction of a new tax regime targeting digital creators.
[Nov 19 12:30 AM] Coinbase CEO Brian Armstrong wants to scrap income taxes entirely, dumping the 150,000-page tax code and shifting the chaos to businesses. Coinbase’s CEO Challenges America’s Tax Code Chaos With Controversial Idea Brian Armstrong, CEO of…
[Nov 6 10:30 PM] The Kenyan government collected $77.5 million tax revenue from cryptocurrency traders in the last fiscal year. Kenya Seeks $465 Million in Crypto Taxes The Kenyan government collected $77.5 million (10 billion shillings) in taxes from…
[Nov 2 1:30 AM] Crypto rewards received before an account freeze are taxable in the year they’re received, even if holders can’t access their funds later, the IRS says. IRS Clarifies Tax Rules for Digital Assets in Locked Accounts The Internal Revenue Service…
[Oct 27 7:35 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazil declares the necessity of creating a BRICS-centric financial system, President Javier Milei axes the…
[Oct 25 3:01 PM] The Netherlands launched a consultation on Thursday on a bill that would require crypto services to share their users' data with tax authorities.
[Oct 25 2:58 AM] The Dutch government wants to align its data collection rules for crypto service providers with the rest of the EU, saying it would “create more transparency.”
[Oct 16 2:32 PM] Italy's Deputy Finance Minister Maurizio Leo has said the nation will raise taxes on capital gains on cryptocurrencies such as Bitcoin to 42% from 26%, according to Reuters and Bloomberg.
[Oct 8 5:30 AM] Mayor Ward Roddam of Rockdale, Texas, sees bitcoin mining as the key to his town’s resurgence after the devastating closure of its largest employer, Alcoa. Comparing it to Texas’ oil boom, Roddam highlights how this modern technology is…
[Oct 7 7:45 AM] The United Arab Emirates has exempted crypto transactions from value-added tax (VAT), according to an amendment in the law made by the Federal Tax Authority.
[Oct 1 11:20 AM] Christian Angermayer, a billionaire crypto investor, has reportedly moved from London to Switzerland as the UK considers tightening tax policies on offshore wealth. Angermayer’s relocation signals the potential departure of other wealthy…
[Sep 27 3:30 AM] Turkey has decided not to move forward with a new tax targeting stock market and cryptocurrency gains, according to Vice President Cevdet Yilmaz. While previously discussed, the plan has been dropped, with the government focusing instead on…
[Sep 24 4:02 PM] We don’t have a stocks tax on our agenda. It was discussed previously and fell from our agenda, Vice President Cevdet Yilmaz told Bloomberg, talking about plans that also affect crypto.
[Sep 15 1:30 AM] A bitcoin investor has pleaded guilty to underreporting his cryptocurrency gains, including $3.7 million from BTC sales, resulting in a tax loss to the Internal Revenue Service (IRS) of over $550,000. The Department of Justice emphasized that…
[Aug 19 12:19 PM] Nigeria's Federal Inland Revenue Service (FIRS) plans to bring a bill for taxing the crypto industry to parliament by September, news outlet Punch Nigeria reported on Saturday.
[Aug 17 11:30 AM] International Monetary Fund (IMF) economists have warned of the environmental impact of crypto mining and AI data centers, which are projected to increase global electricity consumption to 3.5% by 2027, leading to higher carbon emissions. Proposing…
[Aug 16 1:44 AM] A tax on the energy used by crypto miners could cut emissions by 100 million tons a year, equal to Belgium’s emissions, say two IMF executives.
[Aug 9 6:17 PM] The U.S. Internal Revenue Service (IRS) has released an updated draft version of the tax form crypto brokers and investors will use to report proceeds from certain transactions, the 1099-DA.
[Jul 25 1:29 AM] India plans to put out a discussion paper outlining its policy stance on cryptocurrencies before September, according to Indian news outlet Moneycontrol citing an interview with Senior Finance Ministry Official Ajay Seth.
[Jul 23 1:08 AM] The primary demand from India's crypto industry was to reduce the controversial tax-deducted-at-source (TDS) policy on crypto transactions from 1% to 0.01%
[Jul 22 1:30 AM] Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we discuss the import duties exemption measure President Nayib Bukele pushed for and passed in…
[Jun 28 12:11 AM] The Australian Tax Office is collecting over a decade of crypto transaction data, and tax dodgers could be busted if they don’t properly file this tax season.
[May 29 1:51 AM] The Thai government has announced a new visa class for remote workers that can be extended for up to 360 days, but details on income and tax liabilities are unclear.
[May 16 12:49 AM] Coinbase is developing a service which will specifically target Australia' self-managed pensions sector, the exchange's Asia-Pacific Managing Director John O’Loghlen told Bloomberg.
[May 15 8:02 AM] The pseudonymous investor – early to both Ethereum and Litecoin – has lived large. He is a speaker at this year’s Consensus festival in Austin, Texas, May 29-31.
[May 7 1:05 AM] The Australian Taxation Office (ATO) has asked cryptocurrency exchanges to provide the personal data and transaction details of up to 1.2 million accounts, according to reports.
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