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Tag: taxes

Ukrainian Parliament Proposes Taxing Crypto-Related Profits

September 17, 2018 Leo HenryBitcoin News

The Ukrainian parliament wants to begin taxing residents’ cryptocurrency-related profits. Lawmakers proposed implementing a 5 percent tax on any cryptocurrency-related profits individuals and commercial entities see. These profits must be reported separately from other forms of income as well, according…

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American Bar to IRS: Create Safe Harbor for Hard-Forked Cryptos

March 21, 2018 Leo HenryBitcoin News

The Internal Revenue Service (IRS) needs to establish guidelines on how Americans can report gains from hard-forked cryptocurrencies, the American Bar Association Section of Taxation said Tuesday. Section Chair Karen Hawkins wrote a letter noting that “several important developments in…

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