[ad_1] The Japanese government will establish a system that can track people who refuse to pay taxes on profits from cryptocurrency transactions. Tax payments on capital gains of cryptocurrency News from a Japanese newspaper The Mainichi, reports that according to sources, the Japanese government is planning to form a system …
Read More »The US man pays taxes with five wheelbarrows of coins
[ad_2][ad_1] Author's image DAVID CRIGGER / BHC Image caption Nick Stafford has purchased five wheelbarrows to carry his tax payment An American businessman in dispute with the Department of Motor Vehicles (DMV) paid his bill of $ 3000 with five wheelbarrows containing 300,000 coins. Nick Stafford from Cedar Bluff, Virginia, …
Read More »Why are taxes fundamental in a healthy blockchain?
[ad_2][ad_1] It is common to hear people say "why do we have to pay transaction fees to use this coin?" Some elaborate more and say "blocking premiums are not enough?" These miners are extorting us. " In this article, I will try to explain why blockchains need taxes to be …
Read More »Panel examines the effects of blockchain and cryptocurrency on accounting and taxes
[ad_2][ad_1] Blockchain and cryptocurrency put "the financial side of the world at the forefront of technology, which is not something that often happens," said Bloon CEO Alon Muroch, at the Consensus: Invest 2018, held Tuesday in New York. A few years ago, some people called bitcoins "funny money", but "no …
Read More »The bitcoin taxes in Ohio are now a possibility
[ad_1] Ohio could become the first state to successfully adopt Bitcoin as a tax payment, after failed attempts by other states in the country. The initiative of the Ohio Cryptocurrency is getting ready to fly high According to Wall Street newspaperOhio companies can now pay taxes, from cigarette sales taxes …
Read More »Ohio will allow companies to pay taxes with Bitcoin
[ad_1] Starting this week, Ohio companies will have a new way to pay taxes: Bitcoin. The Wall Street newspaper reports (via TechCrunch) that the state of Ohio has opened a cryptocurrency portal, ohiocrypto.com, which will allow companies to pay with digital currency. The WSJ He says that Ohio seems to …
Read More »Thailand Govt Eyes Blockchain to track taxes
[ad_2][ad_1] To share Tweet To share To share To share Print out E-mail As the saying goes, nothing in life is certain, but death and taxes. To be sure of the fees, blockchain will seal the agreement? Last week, Thailand's revenue department would bring blockchain projects to the fold to …
Read More »The cryptocurrency user sends $ 62 million to Litecoin (LTC) by paying $ 0.50 in taxes
[ad_2][ad_1] Cryptocurrencies are helping people negotiate funds in a very simple way. Some of the many advantages offered by virtual currencies are speed, reliability and reduced costs. This time, an anonymous user of Litecoin sent $ 62 million to Litecoin by paying only $ 0.5 dollars to be processed. Information …
Read More »Student invests $ 5k in Crypto, to pay $ 400k in taxes
[ad_1] chirping Facebook LinkedIn In May 2017, a US-based university student invested $ 5,000 in Ethereum (ETH), when the digital assets were worth around $ 50. In just months, Eth's price soared from $ 50 to $ 1,281 at its peak, as the cryptocurrency market reached $ 800 billion. With …
Read More »Student turns $ 5K into $ 800K Trading Crypto, but now owes $ 400K in taxes
[ad_2][ad_1] A college student turned his $ 5K investment into $ 880k but now says trading has "ruined" his life while facing $ 400k in cryptocurrency taxes. From big profits to a fiscal nightmare An anonymous university student recently published on Reddit to solicit advice on what to do while …
Read More »