Europeans can now buy bitcoin without having to pay taxes.
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The US Commodity Futures Trading Commission (CFTC) has officially recognized Bitcoin has a commodity, offering yet further recognition for the emerging digital currency. Whether or not this recognition will turn out to be a good thing, however, remains to be seen.
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The most popular Swedish news site, Dn.se, has reported the European Court of Justice as stating, “Bitcoin is a means of payment and that the exchange should therefore be exempted VAT obligations.”
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Switzerland's bitcoin community has spoken out following confirmation that bitcoin is exempt from Value Added Tax (VAT) in the country.
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Bitcoin Association Switzerland reports that, according to the Swiss Federal Tax Administration, no VAT applies to bitcoin in Switzerland. The transfer of...
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It's time for a complete overhaul of the global tax system to ensure each company pays their fair share, says Nobel laureate Joseph Stiglitz.
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Nobel-winning economist Joseph Stiglitz says it's time for a complete overhaul of the global tax system to ensure companies pay their fair share. Via Enzo Calamo
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Spain's bitcoin community is celebrating following confirmation that the cryptocurrency is exempt from Value Added Tax (VAT) in the country. Via Coinboard
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Here is a short guide to the tax implications when using or investing in bitcoins in the US.
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In a new report, the Australian government has cited bitcoin as a potential threat to its tax collection efforts.
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No, it's not April 1st yet. Bristol really has its own local currency! http://t.co/oE4iQ7Xpee
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Getting those tax records together for the 2015 filing season? Don't forget about Bitcoin.
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Latest “Lux Leaks” files obtained by ICIJ disclose secret tax structures sought by “Big 4” accounting giants for brand name international companies.
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The IRS approach to the taxation of crypto currencies like Bitcoin may turn into an accounting nightmare for all but the most casual of users.
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While not yet official, there are hints that bitcoin transactions might not be liable for VAT in the Netherlands.
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A Dutch Ministry of Finance representative has said that bitcoin transactions could be VAT-exempt in the Netherlands, but this is not confirmed.
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Many of the roots of the current global economic crisis trace back to offshore financial centres located in offshore tax havens. To understand this issue, it is essential to understand the geography of offshore. The tax havens involved in the crisis include not only those located in the smaller, mostly island states like Cayman and Bermuda and Jersey, but also the larger offshore centres like the City of London, Switzerland, Dublin, Delaware or Luxembourg.
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Ecuador will soon be the first country in the world to have digital currency issued by a central bank. Although the new Ecuadorian currency won’t necessarily function like Bitcoin, Litcoin, Peercoin and Freicoin, or other common alternative currencies in the virtual marketplace, the increasing use of virtual currency worldwide is a trend that can no longer be ignored.
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If you don’t know anything about the Bitcoin market, know this: you can use the digital currency as a form of payment on sites like Overstock.com, Amazon, and even Victoria’s Secret.
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Bitcoin and Court of Justice of the EU Case C-264/14 and analysis of the interpretation in: UK, Estonia, Poland, Germany, Sweden and France.
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The ATO won't treat Bitcoin transactions as money, fuelling fears the currency will go underground.
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Do you own Bitcoin? We’ve released information on the tax treatment of crypto-currencies, specifically Bitcoin. See http://t.co/PbnEv5jChy
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A recent legal referral in the EU may be inching the region a little closer to more unity on one small element of bitcoin taxation, but it won’t do much to help global confusion on the matter.
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The city of Pittsburgh has denied reports it is seeking to accept bitcoin for tax payments.
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Germany’s Federal Ministry of Finance, the Bundesministerium der Finanzen (BMF), has published a new document suggesting that the commercial sale of bitcoins should be taxed, a development local sources say has the potential to greatly impact the use of the digital currency as a payment method.
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation
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