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Parliamentary Committee Backs 5% Crypto Tax Bill

Source: iStock/MicroStockHub An influential Ukrainian parliamentary committee has thrown its support behind a draft proposal that could result in the introduction of a flat 5% tax rate on cryptocurrency transactions. Per media outlet InternetUA, the Verkhovna Rada’s IT and communication committee has decided to lend its support to a private …

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Israeli Tax Agency Targets Crypto Tax Dodgers

Source: iStock/mangpor_2004 The Israeli Tax Authority (ITA) is cracking down on cryptocurrency tax evaders, and has reportedly issued warnings to “hundreds” of Israeli crypto fanatics. Per Israeli information outlet Calcalist, the ITA has “unilaterally opened tax accounts for hundreds of Israelis identified as having cryptocurrency-related revenues.” The record says that …

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