Tax

(The Retro Store/Unsplash)
TaxWraps: Unwrap the Financial Gift of Tokenization This Christmas
As tokenization takes hold, we propose a way to defer tax liabilities, bringing the tax efficiencies of ETFs to a wide market.
(The Retro Store/Unsplash)

The TRES team (TRES)
Crypto Accounting and Tax Reporting Platform TRES Raises $11M to Add New Blockchains
TRES currently services clients with combined assets worth $19 billion, helping them manage, monitor and reconcile their digital asset activity across more than 100 layer-1 an...
The TRES team (TRES)

Brazil (Agustin Diaz Gargiulo / Unsplash)
Brazil to Impose 15% Tax on Crypto Earnings Held on Offshore Exchanges: Report
The bill is awaiting presidential approval.
Brazil (Agustin Diaz Gargiulo / Unsplash)

HM Revenue and Customs (Peter Dazeley/Getty Images)
UK Won’t Excuse Ignorance in the Hunt for Unpaid Crypto Taxes, Experts Say
The government could use a number of different ways to track down crypto tax evaders, CoinDesk was told.
HM Revenue and Customs (Peter Dazeley/Getty Images)

UK United Kingdom British England Flag (Unsplash)
UK to Hit Crypto Users With Penalties for Unpaid Taxes
The Treasury encouraged users to voluntarily disclose unpaid income or capital gains tax from crypto, NFT and utility token holdings.
UK United Kingdom British England Flag (Unsplash)

cemetary (image by John Thomas on Unsplash, modified by CoinDesk)
1 Way to Revive Dead NFT Wallets
Artist and legal scholar Brian Frye says inaccessible crypto tokens cannot be sold, but can be donated — with potentially significant tax benefits.
cemetary (image by John Thomas on Unsplash, modified by CoinDesk)

Could the Bank Secrecy Act Harm Crypto? Coin Center Thinks So
Could the Bank Secrecy Act Harm Crypto? Coin Center Thinks So
In this episode of Unchained, Peter Van Valkenburgh, director of research at Coin Center, explains why the IRS's proposed broker rule for tax reporting in crypto could harm th...
Could the Bank Secrecy Act Harm Crypto? Coin Center Thinks So

Rep. Patrick McHenry, a longtime supporter of crypto legislation. (Jesse Hamilton/CoinDesk)
U.S. Lawmakers Urge Treasury to Revise Proposed Crypto Tax Rules
Chairman of the House Financial Services Committee, Patrick McHenry (R-NC) and Congressman Ritchie Torres (D-N.Y) led a group of nine lawmakers in the effort.
Rep. Patrick McHenry, a longtime supporter of crypto legislation. (Jesse Hamilton/CoinDesk)

Parliament house, Canberra, Australia. (Unsplash)
Australia Updates Its Capital Gains Tax Guidance to Include Wrapped Tokens and DeFi
Last year, the Australian Taxation Office (ATO) warned cryptocurrency investors that capital gains and losses must be reported every time a digital asset is sold.
Parliament house, Canberra, Australia. (Unsplash)

The U.S. is weighing crypto tax rules, and a hearing today will hear from industry representatives worried about the government going too far. (Jesse Hamilton/CoinDesk.)
IRS 'Raided' by Crypto Investors as Industry Puts Up Fight Against U.S. Tax Proposal
The proposal to establish a U.S. tax regime for digital assets has drawn a stunning 120,000 comments and will be the focus of an IRS hearing today.
The U.S. is weighing crypto tax rules, and a hearing today will hear from industry representatives worried about the government going too far. (Jesse Hamilton/CoinDesk.)