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An official of the U.S. Internal Revenue Service (IRS) has clarified that the agency is prepared to seize cryptocurrencies and sell them to satisfy tax collection if taxpayers fail to meet their tax obligations. Robert Wearing, IRS’ deputy associate chief counsel for Procedure & Administration, explained Wednesday that the agency can seize cryptocurrencies from taxpayers, … Read more
Crypto traders in Poland have been unpleasantly surprised with a controversial tax they thought they wouldn’t have to pay. The Civil Law Transactions Tax (PCC) is applicable to digital asset trades conducted before the introduction of last year’s moratorium on its collection, the Polish tax administration recently clarified. The matter has been discussed on European … Read more
Instant crypto-denominated salaries and blockchain-based social security payments feature in Saturday’s Bitcoin in Brief. Reports about these promising developments in the labor market and the public sector come from Australia. Also, the Slovak tax authority intends to use blockchain technology for more efficient tax collection. Also read: Bitcoin in Brief Friday: Luxury Jets, Cheap … Read more
