uncleflo
Registered since September 28th, 2017
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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.
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HTTPS Everywhere | Electronic Frontier Foundation
Saved by uncleflo on September 5th, 2013.
HTTPS Everywhere is a Firefox and Chrome extension that encrypts your communications with many major websites, making your browsing more secure. Encrypt the web: Install HTTPS Everywhere today. HTTPS Everywhere is produced as a collaboration between The Tor Project and the Electronic Frontier Foundation. Many sites on the web offer some limited support for encryption over HTTPS, but make it difficult to use. For instance, they may default to unencrypted HTTP, or fill encrypted pages with links that go back to the unencrypted site. The HTTPS Everywhere extension fixes these problems by using a clever technology to rewrite requests to these sites to HTTPS.
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