taxes | ForkLog

ForkLog 9 13.12.2023

IRS names the biggest crypto cases of 2023

The Internal Revenue Service's Criminal Investigation division published a list of ten of the department's most well-known and high-profile cases in 2023 — four of which relate to digital assets.

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ForkLog 7 12.12.2023

IRS seeks $24 billion in taxes from FTX

FTX lawyers are appealing the IRS's 'absurd' demand that the exchange pay $24 billion — three times larger than its obligations to customers.

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ForkLog 14 07.12.2023

Digital ruble integrated into Russia’s tax system

On 7 December, the Russian State Duma passed a law providing for the integration of the digital ruble into the tax regulation and oversight system.

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ForkLog 17 06.12.2023

How to Tax Bitcoin Transactions? A Look at Ukraine’s Ministry of Digital Transformation Bill

The Ministry of Digital Transformation explained what information users will need to prepare their declaration and whether reporting is required if coins bought long ago are sold.

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ForkLog 9 05.12.2023

Focus of IRS investigations shifts to tax evasion

IRS: three years ago, the overwhelming majority of cryptocurrency investigations (more than 90%) were related to money laundering. In the past year, about half of them involved tax evasion.

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ForkLog 12 17.11.2023

Ukraine proposes alternative tax on Bitcoin transactions

On 17 November, Ukraine's Ministry of Digital Transformation registered an alternative bill on taxing cryptocurrency transactions.

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ForkLog 14 08.11.2023

Ukraine loses $52 billion to its ‘grey’ Bitcoin market

Due to the lack of regulation in the cryptocurrency market, Ukraine from 2016 to 2022 lost more than $52.8 billion, according to analysts from Ukraine Economic Outlook.

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ForkLog 7 07.11.2023

Tax bill on cryptocurrency transactions submitted to Verkhovna Rada

On 7 November, a bill regulating the taxation of cryptocurrency operations, along with a number of accompanying documents, were submitted to the Verkhovna Rada of Ukraine.

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ForkLog 9 02.11.2023

Duma to consider mining-related bill

In November, the State Duma will review a number of bills regulating cryptocurrencies, including mining and taxation.

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ForkLog 8 01.11.2023

Oyster Pearl founder Bruno Block sentenced to four years in U.S. prison

Judge Colleen McMahon of the Southern District of New York sentenced Amir Elmaani, founder of the Oyster Pearl cryptocurrency project, also known as Bruno Block, to four years in prison.

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ForkLog 13 18.10.2023

EU backs crypto tax-data sharing rules

Crypto firms in the EU will be required to report client assets for sharing with tax authorities. The requirement will take effect 20 days after the relevant publication in the Official Journal of the European Union.

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ForkLog 22 18.09.2023

State Duma committee approves integration of the digital ruble into Russia’s tax system

The State Duma committee on budget and taxes recommended approving the bill in the first reading, envisaging the integration of the digital ruble into the tax regulation and control system.

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