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Tax

Mining rig (Getty Images)
Policy
Regulations
White House Pushes for Punitive Tax on Crypto Mining
The Biden administration is campaigning for a tax first sought in a recent federal budget proposal, advocating that crypto miners pay an amount equal to 30% of their energy co...
Mining rig (Getty Images)
By Jesse Hamilton
May 2, 2023 at 9:58 p.m. UTC
May 2, 2023
RegulationsCrypto MiningWhite HouseTaxCongressUS
(Unsplash)
Policy
Analysis
UK Crypto Tax Advisers Welcome Proposed Changes to DeFi Lending, Staking Treatment
The country’s tax authority is consulting the public on new rules it said are aimed at reducing the burden on crypto users.
(Unsplash)
By Camomile Shumba
May 2, 2023 at 10:47 a.m. UTC
May 2, 2023
AnalysisTaxUKDeFiRegulation
Julie Foerster, Project Director at the IRS (Shutterstock/CoinDesk)
Finance
Us
IRS Hopes to Have New Crypto Operating Plan in '12-ish' Months, Official Says
Julie Foerster, the agency's point person for cryptocurrency taxation, also stressed a need for working with the community at Consensus 2023.
Julie Foerster, Project Director at the IRS (Shutterstock/CoinDesk)
By Glenn Williams
Apr 28, 2023 at 9:18 p.m. UTC
Apr 28, 2023
USIRSTaxCrypto TaxesConsensus 2023
(Chris Lawton/Unsplash)
Policy
Regulations
UK Tax Authority Proposes Changes to Treatment of DeFi Lending, Staking
The proposal, now open for public consultation, will also apply to crypto lending and staking through intermediaries, the authority said.
(Chris Lawton/Unsplash)
By Sandali Handagama
Apr 27, 2023 at 1:45 p.m. UTC
Apr 27, 2023
RegulationsUKTaxDeFiCefi
A 30MW HIVE Blockchain facility in the military town of Boden, Sweden (Sandali Handagama/CoinDesk)
Policy
Regulation
Sweden Drives Final Nail Into Its Bitcoin Mining Industry With Tax Hike
The 6,000% increase in taxes per kilowatt hour of energy may "ultimately destroy the industry" in the country.
A 30MW HIVE Blockchain facility in the military town of Boden, Sweden (Sandali Handagama/CoinDesk)
By Eliza Gkritsi
Apr 14, 2023 at 3:39 p.m. UTC
Apr 14, 2023
RegulationMiningBitcoin MiningSwedenTax
How to Navigate Crypto Taxes Before the April 18 Deadline
Video
Irs
How to Navigate Crypto Taxes Before the April 18 Deadline
TurboTax tax expert Lisa Greene-Lewis breaks down what crypto investors should know about their taxes ahead of next week's IRS tax deadline. Greene-Lewis addresses common mist...
How to Navigate Crypto Taxes Before the April 18 Deadline
By CoinDesk Inc
Apr 14, 2023 at 2:59 p.m. UTC
Apr 14, 2023
IRScdtvTaxFM ClipTurbotaxLisa greene lewis
Akihisa Shiozaki, a member of Japan's House of Representatives, is leading a team that is helping form policies for Web3. (Okonogi Airi)
Policy
Regulations
Japan Approves Web3 White Paper to Promote Industry Growth in the Country
The document proposes more tax reforms, clearer accounting standards and a DAO law.
Akihisa Shiozaki, a member of Japan's House of Representatives, is leading a team that is helping form policies for Web3. (Okonogi Airi)
By Lavender Au
Apr 6, 2023 at 9:51 a.m. UTC
Apr 6, 2023
RegulationsJapanWeb3Tax
El Salvador President Nayib Bukele (Getty Images)
Policy
Regulations
El Salvador President Bukele to Introduce Bill That Would Eliminate Taxes on Technology Innovations
The country in 2021 became the first nation to adopt bitcoin as legal tender.
El Salvador President Nayib Bukele (Getty Images)
By Camomile Shumba
Mar 24, 2023 at 12:24 p.m. UTC
Mar 24, 2023
RegulationsEl SalvadorTaxBitcoinBukele
IRS Looks to Tax NFTs Like Other Collectibles
Video
Digital assets
IRS Looks to Tax NFTs Like Other Collectibles
The U.S. Internal Revenue Service is considering whether to tax non-fungible tokens (NFT) on a par with other collectibles, such as stamps, works of art and fine wine, in a mo...
IRS Looks to Tax NFTs Like Other Collectibles
By CoinDesk Inc
Mar 21, 2023 at 6:06 p.m. UTC
Mar 21, 2023
digital assetscdtvNFTTaxHash clipInternal Revenue Service
Chancellor of the Exchequer Jeremy Hunt (Rob Pinney/Getty Images)
Policy
Uk
UK to Add Crypto Declaration in Tax Forms
Taxpayers will have to record their crypto gains separately as of next year, the U.K. Treasury said.
Chancellor of the Exchequer Jeremy Hunt (Rob Pinney/Getty Images)
By Jack Schickler
Mar 15, 2023 at 2:07 p.m. UTC
Mar 15, 2023
UKTaxcrypto tax