Brazil’s new 17,5% flat tax on crypto profits, formalized under Provisional Measure No. 1303, seems easy-peasy at first glance, huh? A flat tax – seemingly fair, efficient. Peel back the layers though, and you’ll find a policy that is poised to kill innovation. That’s exactly the kind of innovation it...
Meanwhile, New York is considering a radical overhaul in the way people pay for state stuff. The proposal before the state now. This proposal would enable you to transact in cryptos such as Bitcoin for payment of taxes, fines, and even your child’s tuition to a state university. This last...
Cryptocurrency can be an amazing tool and investment with great potential. The tax rules can get pretty complicated. Many crypto investors are facing a harsh reality: widespread failures in crypto tax reporting. These glaring failures expose millions of taxpayers to unnecessary risk of audit, penalty, and even criminal prosecution. This...
The crypto space sold these ideas with the promise of freedom, decentralization, and a new financial frontier. It was never going to deliver an easy tax filing experience. Instead, it served up one so confusing it would make your head spin quicker than a memecoin pump and dump. In short,...
