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IMF eyes tens of billions in crypto asset taxes, has few suggestions for collecting them

Crypto’s “semi-anonymity,” its dual nature as an investment vehicle and a means of payment, and its high volatility complicate the tax collectors’ task beyond their current abilities, a new IMF working paper said. There is no consensus yet even on how to tax cryptocurrency — as income, capital gains (which is most common) or gambling — and it doesn’t help that tax systems were designed before the emergence of blockchain technology, which has spun out a range of assets that needs separate treatment.

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Source: Cryptocurrency - investing.com

Marketmind: Yellen in China

JetBlue says it will end American Airlines partnership after losing DOJ antitrust case, will focus on Spirit