The US Internal Revenue Service (IRS) last week published a guide on how cryptocurrency investors should report their transactions. The text is comprehensive and is already causing controversy. According to Patrick White, CEO of Bitwave, the new IRS rules will destroy the decentralized finance (DeFi) industry. In his op-ed published in The Defiant, White notes […]
Tag: tax authorities
The US IRS warns investors that they must declare cryptocurrencies
The US Internal Revenue Service (IRS) issued a statement last Monday (22) recalling that investors must declare their cryptocurrencies, stablecoins, NFTs and other assets of the same class. The article serves as a quick guide for US cryptocurrency investors and outlines how to make the statement. “Taxpayers must report all income related to their digital […]
US publishes cryptocurrency tax bill and receives 120,000 responses
The US Internal Revenue Service (IRS) published a lengthy bill regarding taxation of profits from cryptocurrencies. The text contains more than 100,000 words and takes approximately 6 hours to read in full. In any case, the highlight of the text is the obligation of cryptocurrency brokers to provide their customer data to the US IRS. […]
The Treasury Department acknowledges that it has not submitted a tax concept for health care reforms
For her part, Representative Martha Alfonso, of the Green Alliance, speaker, he claimed that health care reform “does have financial studies. The expenditure and financing forecasts are set out in the text tabled for the first debate. The bill includes a full financial study that analyzes health care costs. reform and funding sources. The official […]
DNP’s comment about making the tax rule more flexible fuels the debate
On the other hand, Luis Fernando Mejía, president of Fedesarrollo, warned that “it is not a good idea to think about changing the fiscal rule to allow more public expenditure: public debt is still high, in 2024 expenditure will exceed highest in the whole world.” history and the deficit greater than 4% of GDP, and […]
Taxpayers have until today to pay the second installment from the IMI and the IRS
Property owners with an IMI value of more than 500 euros and who chose not to pay the tax in full in May have until this Wednesday to pay the second installment of the tax. According to data from the Tax Authorities (AT), the total amounts for this year (for IMI for 2021) amount to […]
Shakira refuses to sign deal and will face tax fraud in Spain
Colombian singer Shakira He has rejected the agreement offered by the Public Prosecutor’s Office in Spain to avoid being tried for four crimes against the Treasury and has decided to appear in court for alleged tax fraud, as he “completely” relies on his innocence. As reported on Wednesday by the artist’s communications agency, her legal […]
Diego Guevara becomes Petro-government’s Deputy Finance Minister General
This Tuesday it was announced that diego guevaracurrent professor at the National University of Colombia, will be next General Deputy Minister of Finance. The name was revealed by National University rector Dolly Montoya via her Twitter account. “#ProudUNAL Economist Diego Guevara, a graduate and professor of the Faculty of Economics of the National University, has […]
finances. Problems with the new website hinder the work of employees
The Tax and Customs Administration (AT) says that the problems registered last Monday in the computer platform of tax employees “have largely been solved” and ensures that the update has not had any impact on taxpayers’ access to the Finance Portal. Commenting on Dinheiro Vivo, AT explains that the root of the issues denounced in […]
Tax follows non-ordinary residents with dividends in Malta
The Tax Inspectorate would look into the use of the non-ordinary residents scheme in conjunction with the Maltese tax scheme to evade taxes, after identifying cases of abuse of these schemes. This is one of the sectors with a high risk of fraud identified in the latest annual report of the Tax Authorities (AT) on […]