Tax

Coinbase CEO Advocates Ending Individual Income Tax Entirely, Shifting Burden to Businesses

November 19, 2024

1 Mins read

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…

Bitcoin

Kenya Collects Over $77M in Taxes From 384 Crypto Traders

By TheCryptocurrencyPost

November 6, 2024

1 Mins read

The Kenyan government collected $77.5 million tax revenue from cryptocurrency traders in the last fiscal year. Kenya Seeks $465 Million in Crypto…

Bitcoin

IRS: Frozen Crypto Rewards Taxable Despite Account Lockdowns

By TheCryptocurrencyPost

November 2, 2024

1 Mins read

Crypto rewards received before an account freeze are taxable in the year they’re received, even if holders can’t access their funds later,…

Bitcoin

Latam Insights: Brazil Pushes for BRICS Unified Financial System, Milei Axes Tax Enforcement Agency

By TheCryptocurrencyPost

October 27, 2024

1 Mins read

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue,…

Bitcoin

Bitcoin Is Digital Oil Well Fueling Rural Texas Economic Revival, Mayor Says

By TheCryptocurrencyPost

October 8, 2024

1 Mins read

Mayor Ward Roddam of Rockdale, Texas, sees bitcoin mining as the key to his town’s resurgence after the devastating closure of its…

Bitcoin

Crypto Billionaire Flees London Over Offshore Tax Concerns

By TheCryptocurrencyPost

October 1, 2024

1 Mins read

Christian Angermayer, a billionaire crypto investor, has reportedly moved from London to Switzerland as the UK considers tightening tax policies on offshore…

Bitcoin

Turkey Scraps Planned Crypto Tax, Targets Economic Reforms

By TheCryptocurrencyPost

September 27, 2024

1 Mins read

Turkey has decided not to move forward with a new tax targeting stock market and cryptocurrency gains, according to Vice President Cevdet…

Bitcoin

New Zealand Enforces OECD Crypto Reporting Framework in New Tax Bill

By TheCryptocurrencyPost

August 28, 2024

1 Mins read

New Zealand Implements OECD Crypto Reporting Rules to Enhance Tax Compliance. Non-compliance penalties include fines up to $6,200 for providers and $621…

Bitcoin