Tax


Videos

U.S. Crypto Tax Proposal Will Provide Greater 'Clarity' in Sector: Tax Expert

The U.S. Treasury Department has finally unveiled its definition of a "broker" for the crypto industry, defining how crypto companies and investors will need to meet tax reporting obligations. Miles Fuller, Taxbit head of government relations, says "This is probably one of the most highly anticipated things to happen in this space...now we have that and it should provide a lot of clarity."

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Videos

How to Navigate the Treasury Department’s Crypto Tax Proposal

The IRS is finally proposing rules for crypto tax reporting, giving the industry its own 1099 form and declaring digital asset miners safe from the future requirements. Taxbit head of government relations Miles Fuller discusses what to make of the new plan and the potential outcomes.

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Policy

Sweeping U.S. Tax Proposal Met With Boos From Crypto World

Minutes after the U.S.’s long-awaited proposal for taxing crypto gains went public, objections erupted from those tied to decentralized operations counted as “brokers.”

The U.S. Treasury Department's financial crimes arm reported on the use of bitcoin in human trafficking and other global crimes. (Jesse Hamilton/CoinDesk)

Videos

U.S. Crypto Tax Proposal Lets Miners off the Hook, Snares ‘Some’ Decentralized Exchanges

The U.S. Treasury Department published a nearly 300-page proposed rule for crypto tax reporting that unveils the definition of a "broker" in the digital asset space. Miners are exempt from the tax rules, but "some" decentralized finance platforms will not be, said the proposed guidance. CoinDesk's global policy and regulation managing editor Nikhilesh De breaks down the highlights from the documents.

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Videos

Why Investors Are Waiting For a U.S. Crypto Tax Rule Revamp

Crypto traders have been waiting for a set of new rules that will overhaul how they report their cryptocurrency taxes since the issuance of crypto tax documents was required in the law two years ago. Treasury Department’s Internal Revenue Service (IRS) completed the proposal months ago, so why hasn’t it been proposed? CoinDesk's global policy and regulation managing editor Nikhilesh De discusses the new tax rule plan and why it has been delayed.

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Policy

A Long-Awaited Crypto Tax Rule Was Written Months Ago. Why Isn’t it Proposed?

Senators have told the IRS to hurry its regulations on brokers reporting crypto transactions while crypto lobbyists question whether the delay is a White House strategy.

(Jesse Hamilton/CoinDesk)

Policy

IRS: Crypto Staking Rewards Taxable Once Investor Gets Hands on Tokens

The latest tax guidance from the Internal Revenue Service outlines how and when staking rewards are taxed.

The IRS has issued guidance on how it intends to tax crypto staking rewards. (Jesse Hamilton/CoinDesk)

Policy

U.S. Senate Finance Committee Asks Crypto Industry for Tax Guidance

In a letter made public on Tuesday, Chairman Ron Wyden and Ranking Member Mike Crapo sought cryptocurrency industry comment around nine topics.

The new Congress will arrive for work at the U.S. Capitol on Jan. 3. (Jesse Hamilton/CoinDesk)

Policy

Slovakian Crypto Tax-Cutting Bill Passes National Parliament

Lawmakers wanted to see a 7% income tax rate for crypto held longer than a year.

Slovakian lawmakers voted on crypto tax-cutting (Leonhard Niederwimmer/Pixabay

Policy

Japanese Crypto Issuers Won't Pay Taxes on Unrealized Gains, Govt. Clarifies

Token issuers in the country were taxed for unrealized gains from holding on their own tokens.

(Shutterstock)