A federal judge has sentenced an Illinois woman to 27 months in prison for seeking millions in fraudulent tax refunds from the IRS. Monika Skinger pleaded guilty to one count of conspiracy to commit wire […]
Key Takeaways The Digital Asset Tax Certainty Act, H.R. 10357, faces a Ways and Means markup at 10 a.m. ET on Sept. 16. Users with more than 5,000 transfers in the prior year would not […]
Key Takeaways Two crypto groups are seeking a preliminary injunction. The 0.2% tax applies to covered exchanges, transfers, and storage. Plaintiffs say companies face millions of dollars in compliance costs. Crypto Groups Race to Stop […]
Key Takeaways A U.S. de minimis exemption for small bitcoin and crypto payments could generate up to $2.58 billion in net revenue over 10 years. Removing capital gains reporting burdens could encourage more people to […]
Key Takeaways Swedish Tax Agency fined six Boden crypto firms around $56.5 million over illegal tax schemes in 2026. Broad 2024–2026 audits levied over $50 million nationwide, signaling a strict crackdown on mining operations. Bikupan […]
Key Takeaways The UK published its first official statistics on taxable crypto gains. 240 people each declared more than £1 million in crypto gains. 17,600 taxpayers reported £1.38 billion in total taxable gains. First Official […]
Key Takeaways New Zealand’s ACT party proposed tax-free crypto gains after a year to boost long-term retail investments. The proposal exempts small crypto purchases from taxes, aiming to make digital assets a daily currency. The […]
The Blockchain Association and Crypto Council for Innovation have filed a joint lawsuit challenging Illinois’ Digital Asset Tax Act, setting up a legal fight over whether the state can impose a transaction tax on digital […]
Key Takeaways Blockchain Association sued Aug. 21 to block Illinois’ 0.2% digital asset tax. Illinois’ 0.2% levy could tax trades, transfers and custody beginning Jan. 1. Crypto Council for Innovation wants enforcement blocked before Jan. […]
Key Takeaways HMRC’s crypto tax letters increased 25% to 81,000. Crypto exchanges and lending can produce taxable events. Global reporting will expand HMRC’s access to transaction data. HMRC Crypto Tax Letters Increase 25% The United […]
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