tax collection

Court Enters Order Authorizing IRS to Serve John Doe Summons on Fintech Circle to Obtain Info on US Taxpayers’ Crypto Transactions

April 6, 2021 @ 9:17 pm By Omar Faridi |

A federal court in the District of Massachusetts recently entered an order that authorizes the US Internal Revenue Service (IRS) to serve a John Doe summons on Circle Internet Financial Inc., “or its predecessors, subsidiaries, divisions, and affiliates, including Poloniex LLC.” According to a release,… Read More

Read more in: Blockchain & Digital Assets, Politics, Legal & Regulation | Tagged circle, Circle Internet Financial, Crypto Taxes, crypto-assets, digital assets, digital currencies, internat revenue service, irs, tax collection, united states, us, virtual currencies

Fintech Adoption in Pakistan and Digital Transformation Supported by Local Fintechs Could Improve Tax Collection: PM Imran Khan

February 7, 2021 @ 7:14 pm By Omar Faridi |

The team at Islamabad-based Fintech firm SadaPay has been introducing innovative and appealing financial products and services that are focusing on younger consumers in Pakistan. SadaPay is offering black, sleek premium spending cards which may be comparable to some of the cards offered by European… Read More

Read more in: Asia, Fintech | Tagged Digital Pakistan, digital payments, digital technology, digital transformation, imran khan, online payments, pakistan, payoneer, sadapay, tax collection

Crypto Taxes: Spain’s Tax Authorities Sends Warning Letters to 66,000 Digital Asset Investors

April 3, 2020 @ 7:21 am By Omar Faridi |

Spain’s tax authorities have begun sending warning letters to around 66,000 digital asset investors. The Spanish tax agency aims to remind cryptocurrency holders of their tax obligations. The Agencia Estatal de Administración Tributaria (AEAT) reportedly began its crypto-related tax collection campaign on April 1, 2020…. Read More