By Christopher Thompson Inspired by plastic bag bans, jurisdictions have set their sights on a much bigger target: the to-go coffee cup The People’s Republic of Berkeley, Calif., takes pride in its leadership on all things civic and environmental. The small liberal city east of San Francisco was one of the first U.S. cities to adopt curbside […]

South Korea’s government has added blockchain to the fields of research and development eligible for a tax credit meant to boost innovation, English-language local media TheNews.Asia reports on Jan. 8. The local Ministry of Strategy and Finance announced the proposed changes to the enforcement decree of last year’s tax law, which will be enforced in February. The proposed amendments also include among the eligible fields […]

Crypto bull John McAfee threw down the gauntlet to the US Internal Revenue Service, and dared the agency to come after him for tax evasion. McAfee, 73, confessed in a stunning tweetstorm that he hasn’t filed a tax return in eight years. Why? He explained: Taxation is illegal. I paid tens of millions already and […]

Sam Cobb was surprised to see so many people lined up for a hearing at the International Trade Commission in Washington on the morning of Monday, Aug. 20. The chief executive of Real Wood Floors, Cobb was a veteran of such proceedings, which were usually sleepy affairs, populated by white-shoe attorneys fighting over arcane legal […]

Cryptocurrency capital gains taxes are becoming a point of interest for governments tax organizations. Don Fort, the Chief of the IRS criminal investigation unit, recently spoke on a tax conference panel and discussed at length how “cryptocurrency is becoming a new area of enforcement.” Other events like the IRS Coinbase Summons and the IRS warning sent to tax filers […]

Calculating your crypto taxes is one of the more stressful parts of being a cryptocurrency trader. The time it takes to report on your crypto taxes depend on the number of coins you have, the number of trades you’ve done, and the number of exchanges you use. Not only that, but every exchange has a […]

The Tax Cuts and Jobs Act, signed into law last December, provided qualified pass-through businesses with a 20 percent deduction, bringing the effective tax rate for those businesses down to 29.6 percent.   The law established conditions that would have to be met for a company to qualify for the deduction, and it expressly excluded most […]

Almost half of Russians have heard of cryptocurrencies, and 13 percent claim to have a good understanding of them, a survey conducted by research holding Romir revealed August 7. Romir, a representative of the Gallup International Association in Russia, asked 1,500 Russian residents about their knowledge of cryptocurrency, as well as their plans to interact with the industry. Of […]

Managing marijuana taxes is no joke. Here’s what you need to do to keep the IRS off your back. Tens of thousands of people have left traditional careers or pivoted to join the cannabis space within the last five years. The one thing all these people will all tell you is that with legalization comes […]

Here’s why that isn’t always a good idea. An increasing number of people can work online from anywhere. They are often described as ‘digital nomads’ because many of them use that freedom to travel at the same time, but this is part of a much broader trend towards location-independence for everyone. Thanks to the internet and […]