Axe (axe)
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Axe News:

  • Majority of Bitcoin Investors Not Deducting 2018 Losses from Taxes, Claims Recent Report
    It’s no secret that many relatively new investors in the cryptocurrency markets have seen massive monetary losses that have resulted from the persisting bear market that first began in late-2017 when Bitcoin began falling from its highs of nearly $20,000. The realized losses that resulted from this drop, however, are ... read more
  • What UK Bitcoin Investors Should Know as Tax Deadline Approaches
    The deadline for submitting tax returns in the UK is Jan. 31, 2019. If you hold investments in bitcoin or any other cryptocurrency it is important to be aware you may owe corporation tax, income tax, or capital gains tax depending on your activities. The U.K.’s HM Revenue and Customs (HMRC) ... read more
    Bitcoin News01-16-2019
  • Bulgaria Investigates Crypto Exchanges For Taxes, Asks 10% on Profits
    The government of Bulgaria has started to investigate crypto exchanges to demand taxes from the profits investors generated from trading digital assets. The National Revenue Agency (NRA) has categorized cryptocurrencies as financial assets, which incur a 10 percent tax on profit that individuals have to disclose annually. Two Major Issues ... read more
  • 7 Things You Should Know About Crypto Taxes
    The taxing laws which are applied to cryptocurrency are still under development and there will most likely be more changes made soon.  The Internal Revenue Service (IRS) made available in 2014 a guide for digital assets taxing, and this has been the only legislation or guidance proposed so far.  In ... read more
  • Cryptocurrency trading platforms will be inspected by Bulgarian National Revenue Agency
    In Bulgaria, the National Revenue Agency is preparing to conducts inspections on cryptocurrency trading platforms along with their customers. The aim of the authority is to keep in check that both the parties are fulfilling the obligations under the country’s tax and security laws, reported Bitcoin News. According to the ... read more
  • French ATM Glitches and Bank Closures Reported After Scheduled Bank Run
    The grassroots yellow vest movement in France has been participating in protests for weeks on end. Just recently, high profile yellow vest members have been promoting a “bank run” on financial institutions and automated teller machines in Paris. According to reports, the scheduled bank run began in phases, the first ... read more
    Bitcoin News01-15-2019
  • Confusing U.S. Tax Laws Lead to $5 Billion In Unrealized Crypto Losses
    Last year, the crypto community pointed fingers at tax payers liquidating assets in order to cover inflated tax bills due to the substantial gains realized during the 2017 Bitcoin bull run as among the chief reasons the bear market had begun. In 2018, however, the inverse happened, and most cryptocurrency ... read more
  • Bulgarian Tax Authority to Inspect Crypto Exchanges and Traders
    The National Revenue Agency of Bulgaria is preparing to conduct inspections on cryptocurrency trading platforms and their customers. The authority wants to make sure that both are fulfilling their obligations under the country’s tax and social security laws. Also read: Denmark’s Tax Agency to Collect Information About Bitcoin Traders Nine ... read more
    Bitcoin News01-15-2019
  • Denmark’s Tax Agency to Collect Information About Bitcoin Traders
    Danish tax authorities will soon be going after cryptocurrency traders in the country and beyond. The plan is to collect data from local bitcoin exchanges in order to verify if citizens who have traded digital assets have paid the right taxes. Information about foreign citizens and entities will be shared ... read more
    Bitcoin News01-14-2019
  • Crypto Taxes: What to Report, the Deductions, Rules & Rates
    submitted by /u/imnotyourcryptoguy [link] [comments] ... read more