Tax


Videos

Why Puerto Rico Can Be a Tax Haven for Crypto Enthusiasts, but Not Necessarily for Locals

The U.S. territory of Puerto Rico has become a crypto paradise, thanks to tax breaks allowing some who live on the island for 183 days a year tax-free profits on their investments. Transform Group CEO & co-founder Michael Terpin and BĀSED President Gustavo Diaz Skoff discuss the issue with CoinDesk's Christine Lee. They explain why the tax rules have led to a growing crypto community on the island, and why some critics say those rules need to change.

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TaxBit Exec on FTX Collapse, Crypto Taxes

The Financial Times reports FTX held less than $1 billion in liquid assets against $9 billion in liabilities before its bankruptcy filing. TaxBit Government Relations Senior Director Seth Wilks discusses the collapse of FTX and its financial considerations. Wilks also shares his insights into crypto taxes amid IRS scrutiny of the industry.

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Policy

India Considers Taxing Crypto Income From Businesses Headquartered Elsewhere

The government has invited comments on the draft from stakeholders and the general public.

The Internet and Mobile Association of India has disbanded its body representing India's crypto industry. (Laurentiu Morariu/Unsplash)

Policy

Japanese Crypto Self-Regulatory Body to Loosen Token Vetting Process: Report

Japan has been looking to ease rules for crypto startups, with the government also considering corporate tax breaks for companies.

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Videos

Sixth Wall CEO on Barriers to Metaverse Mass Adoption

"People aren't going to show up [to the metaverse] to do their taxes," Sixth Wall co-founder and CEO Lindsey McInerney says. Entertainment will bring the first billion users to the metaverse. She joins "All About Bitcoin" live from CoinDesk's I.D.E.A.S. 2022.

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Solving Tax Confusion in India

Host Joel Flynn discusses whether India’s crypto tax is a headache or an opportunity. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

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Videos

Financial Stability Board Proposes 'Comprehensive' International Crypto Rules

Stablecoins could be forced to centralize issuance and major crypto platforms broken up under plans put forward by the Financial Stability Board (FSB) Tuesday. CoinDesk Regulation Reporter Jack Schickler breaks down the details. Plus, insights on OECD's new tax reporting framework for crypto assets.

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UK Finance Minister Kwarteng Fired; Crypto Trading Firm NYDIG Lays Off About 33% of Staff

U.K. Finance Minister Kwasi Kwarteng has been fired by Prime Minister Liz Truss after the tax cuts he announced in September sent financial markets into a tailspin. Plus, Bitcoin services company NYDIG has laid off around 100 people, according to CoinDesk sources.

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Policy

OECD Releases New Global Tax Reporting Framework for Crypto Assets

The framework's scope will include stablecoins, crypto derivatives and certain NFTs.

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Policy

Colorado Residents Can Now Use Crypto to Pay Taxes

The state's taxpayers can do so through PayPal for an additional fee.

Colorado Gov. Jared Polis (CoinDesk)