Tagged: taxes

November 10, 2026 @ 2:08 am By Michael Wong  |  

South Korea’s government plans to postpone cryptocurrency income taxation by another two years to 2029, citing gaps in overseas transaction data and the need for clearer regulations, The Korea Times reported. The reported cited Finance Minister Lee Hyoung-il as saying that the government would work… Read More

November 4, 2026 @ 8:04 pm By Omar Faridi  |  

South Korea’s ruling Democratic Party has formally asked the government to postpone the planned taxation of income from cryptocurrency and other virtual assets, which is currently scheduled to begin on January 1, 2027. Party leader Kim Min-seok announced the decision on Wednesday following a meeting… Read More

November 4, 2026 @ 1:45 pm By JD Alois  |  

The California Confiscation tax, or wealth tax, appears to be headed for defeat. While final results are pending because of mail-in ballots, the current approval gap suggests the tax likely won’t pass. Proposition 40 was created to punish affluence in California. It would assess a… Read More

November 2, 2026 @ 9:15 pm By Omar Faridi  |  

Starting November 1, 2026, eligible international visitors to Japan will be able to receive their consumption-tax refunds as the yen-pegged stablecoin JPYC, settled directly into digital wallets on Avalanche’s C-Chain. The service is being introduced by Japan Tax Free through its JapanRefund platform, in collaboration… Read More

October 31, 2026 @ 4:20 pm By Omar Faridi  |  

Venture capital firm Andreessen Horowitz (a16z), Uniswap Labs, and the DeFi Education Fund jointly submitted formal comments to the Illinois Department of Revenue on proposed regulations implementing the state’s Digital Asset Tax Act. The groups argue that the draft rules, posted on September 28, risk… Read More

October 20, 2026 @ 9:07 am By Michael Wong  |  

Australia’s government has released draft legislation to introduce new tax reporting requirements for crypto asset transactions, seeking to improve transparency and strengthen the exchange of tax information involving digital assets. The proposed measures would incorporate the Organisation for Economic Cooperation and Development’s (OECD) Crypto-Asset Reporting… Read More

October 12, 2026 @ 5:10 am By Omar Faridi  |  

Wise (NASDAQ: WSE), the payments company that has branched into savings and investment products, has identified a multi-year flaw in tax paperwork sent to roughly four thousand of its UK based customers. The problem affected users of its Wise Assets offering, specifically the interest and stocks… Read More

October 5, 2026 @ 12:54 pm By Omar Faridi  |  

Executives at several crypto-focused companies in France have urged the government to treat conversions between volatile digital assets and stablecoins as taxable events. The proposal comes from Jean Meyer of the payments firm Deblock, Damien Patureaux of Lyzi, and Pierre Morizot of the tax-reporting software… Read More

September 29, 2026 @ 10:18 am By JD Alois  |  

Senator Elizabeth Warren and other Democrats are targeting big tech once again, as they have sent a missive to the CEOs of firms Amazon, Meta, Alphabet, and Microsoft, demanding that they share any tax breaks that have been received as they build out their AI… Read More

September 27, 2026 @ 1:36 pm By Omar Faridi  |  

HIVE Digital Technologies (NASDAQ: HIVE), a publicly listed firm long associated with Bitcoin mining, has taken its long-running Swedish value-added tax fight beyond national courts and into the European Commission. The move, disclosed in an August 11, 2026 late-filing notice with the US Securities and… Read More

September 17, 2026 @ 9:49 am By JD Alois  |  

The Digital Asset Tax Certainty Act (H.R. 10357) passed the House Ways and Means Committee this week, “clarifying the tax treatment of mining and staking, and creating parity with traditional financial assets.” The bill aims to: Remove tax barriers to the use of digital assets… Read More

September 16, 2026 @ 11:32 am By Omar Faridi  |  

Lawmakers in the US House are advancing a package that would reduce everyday tax friction for certain digital asset activity while still producing a modest net gain for the Treasury. On September 16, 2026, the House Ways and Means Committee is scheduled to consider H.R…. Read More

September 8, 2026 @ 11:45 am By Omar Faridi  |  

A large share of cryptocurrency-related profits generated in France appears to have gone undeclared, according to new on-chain analysis from blockchain intelligence firm Chainalysis. The company’s Crypto Tax Report estimates that French residents generated about $9.4 billion in potentially taxable crypto activity during 2025. That… Read More

August 31, 2026 @ 10:02 am By Omar Faridi  |  

The UK’s tax authority has published its first standalone snapshot of declared cryptoasset profits, and the picture is highly concentrated. In the 2024–25 tax year, 240 people told HM Revenue and Customs they had made more than £1 million each in capital gains from digital… Read More

August 27, 2026 @ 10:46 am By JD Alois  |  

Coinbase (NASDAQ:COIN) CEO Brian Armstrong addressed the proposed confiscation tax in California, calling it “deeply un-American” and saying he is considering leaving the state. The comments were made during the Katie Miller Podcast, where Armstrong addressed a litany of issues surrounding crypto and the policies that impact… Read More

August 19, 2026 @ 12:33 pm By JD Alois  |  

UHY Hacker Young Group, a UK accounting network, reports that in the past 12 months, HMRC has sent 81,000 warning letters to crypto investors, warning them they may have underpaid their taxes or not paid them at all. Last year, UHY said 65,000 crypto investors,… Read More

August 14, 2026 @ 12:15 pm By JD Alois  |  

Texas is one of the states growing rapidly, experiencing population migration as firms seek business-friendly jurisdictions. Texas is one of a handful of states without a state income tax. A recent ranking of states by overall tax burden ranked Texas 1st in the US for… Read More

August 12, 2026 @ 2:12 pm By JD Alois  |  

Capital gains taxes in the US are variable today. If you hold a security for less than one year, you are taxed as normal income. If you hold it for over one year, you are taxed at a graduated rate: 0%, 15%, or 20%, depending… Read More

August 10, 2026 @ 11:08 pm By Omar Faridi  |  

Thailand’s government has introduced a temporary tax relief measure designed to support cryptocurrency activity within its regulated financial system. The Finance Ministry confirmed that capital gains arising from crypto trading will be exempt from tax for a five-year period running from 1 January 2025 to… Read More

August 3, 2026 @ 7:19 pm By JD Alois  |  

The California Confiscation tax, which is slated to be on the ballot this coming November, has gained the support of the California Democrat party. This past June, the “billionaire tax” earned sufficient signatures to move the issue to a ballot vote, evading the state legislature…. Read More