uncleflo
Registered since September 28th, 2017
Has a total of 4281 bookmarks.
Showing top Tags within 1 bookmarks
howto information development guide reference administration design website software solution service online product business uk tool company linux code server application system web list video marine create data experience tutorial description learn explanation technology build article blog world boat project download windows lookup security free performance javascript technical london control network beautiful tools support course file research purchase image library programming youtube example php construction opensource install community html quality feature profile computer power browser music platform mobile process work manage professional user share database hardware buy industry internet dance advice developer installation search 3d camera access customer travel material standard money test develop css review documentation engineering photography webdesign engine device digital speed api source event question program management client phone discussion story water content simple marketing app yacht account setup idea interface package fast communication cheap compare script market study easy live google resource operation demonstration contact startup
Tag selected: anticipation.
Looking up anticipation tag. Showing 1 results. Clear
Tax Loophole Found for UK Crypto Profits
Saved by uncleflo on February 10th, 2018.
Each country has its own systems for tax evaluation and collection, and some countries are stricter than others. One of the major issues governments have with cryptocurrencies is the difficulty in taxing profits made on trading. The United Kingdom’s HMRC (Her Majesty’s Revenue and Customs department) found this out the hard way. Finance experts have warned that a loophole which reduces crypto gains to zero can be exploited on tax returns in the UK. It was reported that this could potentially deprive the government of millions in lost revenue. HMRC will be expecting a large number of profit declarations on tax returns after the crypto market capacity soared by almost 2000% in the past year. However, the taxman could be seeing far less than anticipated due to a loophole which currently enables crypto profits to be declared as gambling winnings, which are not taxable.
bitcoin system country collection tax evasion loophole profit anticipation capacity return money expert potential reduce reduction government zero strict issue major declare
No further bookmarks found.