tax
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NFT
NFT tax loss harvesting spikes as year-end deadline approaches
As the year’s end approaches, NFT traders are finally finding a use for the worthless tokens in their wallets: selling…
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NFT
Got ‘Worthless’ NFTs? This Startup Buys JPEGs for a Penny to Harvest Tax Losses
For the overwhelming majority of NFTs, the brutal bear market of the last two years wasn’t just a phase: Some…
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Regulation
Japan ends unrealized gains tax on corporate crypto assets
The Japanese government has reportedly ended the imposition of unrealized gains tax on crypto assets held by corporations, local media…
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Scams
IRS Criminal Investigation Unit Says Crypto Tax Investigations Surged in 2023
The U.S. Internal Revenue Service’s (IRS) criminal investigation unit says crypto tax investigations are on the rise. The unit notes…
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Regulation
Spain mandates disclosure of foreign-held crypto assets over €50,000 for tax purposes
Spanish citizens must disclose crypto holdings exceeding 50,000 euros (about $55,000) held on foreign platforms for tax purposes starting January…
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Regulation
Members of Congress urge revisions to Treasury’s ‘unworkable’ digital asset tax rules
Several American lawmakers voiced their concerns to the U.S. Treasury regarding a proposed taxation scheme for digital assets in a…
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Analysis
Nearly 50 Jurisdictions Partner To Enable Automatic Info Exchange Between Crypto Trading Firms and Tax Agencies
Nearly 50 nations including the US are collaborating to enable automatic information exchange between crypto trading firms and tax agencies.…
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Regulation
EU adopts directive for stronger member collaboration on crypto tax data sharing
The Council of the European Union (EU) has adopted a directive to enhance cooperation amongst national taxation authorities, particularly on…
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Regulation
US lawmakers urge Treasury, IRS to hasten implementation of crypto tax rules by 2 years
U.S. Senators Elizabeth Warren and Angus S. King, Jr. are pressing the U.S. Department of the Treasury and the Internal…
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Regulation
European Parliament passes DAC8 crypto tax reporting requirements by ten-to-one margin
The European Parliament has approved DAC8, a measure that introduces tax reporting requirements for crypto transactions across the European Union…
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