Tag: taxation

Brazil Imposes Flat Tax Rate on Crypto Profits

Brazil Imposes Flat Tax Rate on Crypto Profits

Brazil has taken significant steps forward with its crypto tax policy. Its new tax rate for all crypto investors is a 17.5% flat profit tax. Brazil’s Finance Minister Joaquim Levy first introduced this change as part of Provisional Measure No. 1303. This is a departure from the current, highly simplified...

Congress' DeFi Reporting U-Turn: A Win for Innovation or Tax Evasion?

Congress' DeFi Reporting U-Turn: A Win for Innovation or Tax Evasion?

The ink has hardly dried on the legislation, and already the champagne corks are popping in the DeFi universe. As a compromise, Congress did roll back the new digital asset reporting obligations for many DeFi brokers. Yet this move is being heralded as a breakthrough, a spark for innovation. If...

Crypto Tax System Riddled with Flaws, Exposing Investors to IRS Risks

Crypto Tax System Riddled with Flaws, Exposing Investors to IRS Risks

Tax policy analysts and crypto tax experts recently completed a new investigation. Their findings outline deeply pervasive and alarming failures in the existing crypto tax reporting system. Our multi-year investigation uncovers grievous harm to traders, investors, and miners. The IRS is expected to begin aggressively enforcing new 1099-DA rules and...