Image Image Image Image Image Image Image Image Image Image Image Image

| January 21, 2019

Scroll to top


About Archives -

‘Saturday Night Live’ star Pete Davidson jokes about his suicide threat on ‘Weekend Update’

January 20, 2019 |

Pete Davidson took to the “Weekend Update” desk on “Saturday Night Live” this week to make light of the seeming suicide threat he posted on social media in December.
FOX News

Mueller Almost Never Speaks About His Case. He Just Did

January 19, 2019 |

The BuzzFeed report that had all of DC abuzz was roundly attacked by Trump supporters Friday after it alleged President Trump had instructed former attorney Michael Cohen to lie to Congress in 2017 about efforts to build a condo tower in Moscow. On Friday, a new detractor of the report…

Are UFO’s real? Go inside Project Blue Book, the government’s top-secret project about aliens

January 18, 2019 |

Unidentified flying objects (UFOs) have long inspired curiosity and speculation, but when did our fascination with UFOs really take off? A new television drama explores the origins of the UFO phenomenon, drawing from the incredible true story of the U.S. government’s decades-long investigation of reported UFO encounters.
FOX News

Snap CFO Tim Stone’s exit after just 8 months adds to concerns about exec turnover

January 17, 2019 |

When Tim Stone joined Snap Inc. as chief financial officer in May 2018, investors breathed a sigh of relief.

With 20 years at Amazon under his belt, Stone was hailed as a veteran who could bring stability to the social media company, led by 28-year-old co-founder and Chief Executive Evan Spiegel,…

L.A. Times – Business

Julianne Hough opens up about how her endometriosis pain can make sex ‘really frustrating’

January 15, 2019 |

Julianne Hough is speaking out again about her endometriosis – this time about how the condition has affected her sex life with husband and former NHL player Brooks Laich.
FOX News

Indian Farmers Despair, Planting Seeds of Doubt About Modi’s Re-Election

January 15, 2019 |

The plight of India’s farmers has moved to the forefront of the country’s politics after the ruling BJP fared poorly in recent state elections. With a general election approaching, questions are growing about whether Prime Minister Narendra Modi has the popularity to win a second term. What’s News Asia

Denmark’s Tax Agency to Collect Information About Bitcoin Traders

January 15, 2019 |

Denmark’s Tax Agency to Collect Information About Bitcoin Traders

Danish tax authorities will soon be going after cryptocurrency traders in the country and beyond. The plan is to collect data from local bitcoin exchanges in order to verify if citizens who have traded digital assets have paid the right taxes. Information about foreign citizens and entities will be shared with other countries.   

Also read: 5 Crypto Exchanges Have Been Licensed in Gibraltar Since Regulation

Tax Agency Authorized to Gather Data From Three Danish Exchanges

Skattestyrelsen, the Danish Tax Agency, announced it has been authorized by the country’s Tax Council, Skatterådet, to obtain information about cryptocurrency trade conducted on three Danish exchanges between Jan. 1, 2016 and Dec. 31, 2018. The authority noted that it’s the first time it will access this kind of data. Karin Bergen, the agency’s director responsible for personal income tax collection, said:

With the permission of the Danish Tax Council, we will for the first time gain access to the trades made via Danish exchanges. This gives us new opportunities with respect to exerting control in the field.

The three platforms must now provide information about all purchases and sales of cryptocurrency made by their customers during the two-year period. They will be obliged to include identification information such as names, addresses, and CPR numbers, the personal ID numbers issued by the Danish Civil Registration System.

Denmark’s Tax Agency to Collect Information About Bitcoin Traders

The decision to permit the Danish Tax Agency to collect the data was taken at the last meeting of the Tax Council in December. It followed news that the agency has been informed by Finland’s tax authorities about Danish citizens trading cryptocurrencies on a Finnish bitcoin exchange. The Danish tax body also plans to share information about crypto transactions made by foreign citizens and companies in Denmark with tax authorities in the respective countries.

Big Market That Needs to Be Looked Into

Skattestyrelsen is now contacting the Danish crypto exchanges in order to establish a procedure for the disclosure of the information. Once the data is received, the Tax Agency will ensure that citizens who have traded cryptocurrency have paid their taxes. Bergen further commented:

Without going too far, I think one can say this is a big market that we need to look into. When we recently received information from the Finnish bitcoin exchange, it gave us a small portion of the larger picture, which we now have the opportunity to uncover even more of. However, it’s still too early to tell how many traders are out there and how much money has been traded.

The Danish tax authority will adjust the tax base for each trader before the summer. Every case will be reviewed and treated individually to determine whether a cryptocurrency trade is part of the taxable income.

Denmark’s Tax Agency to Collect Information About Bitcoin Traders

In December, the Tax Agency was tipped off by Finnish tax authorities about around 2,700 Danes trading on a cryptocurrency exchange based in Finland. According to the official estimate, the Danish citizens have traded coins worth more than 100 million krones (~$ 15 million) between 2015 and 2017.

Last month, the authority quoted a survey conducted by the National Tax Board which found that 450,000 Danes are considering shopping with cryptocurrency. The agency launched a campaign to inform taxpayers about their obligations but also the deductions they are entitled to.

What do you think about Danish tax authorities collecting information from crypto exchanges? Share your thoughts on the subject of crypto taxation in the comments section below.

Images courtesy of Shutterstock.

Need to calculate your bitcoin holdings? Check our tools section.

The post Denmark’s Tax Agency to Collect Information About Bitcoin Traders appeared first on Bitcoin News.

Bitcoin News

Psychologists Warn About ‘Traditional Masculinity’

January 12, 2019 |

There’s an ideology out there affecting boys and men, and the American Psychological Association says it’s “harmful.” The Los Angeles Times reports on the APA’s first official warning on the toxicity of “traditional masculinity,” which “has been shown to limit males’ psychological development, constrain their behavior, result in gender role…

What Critics Are Saying About the RBG Movie

January 11, 2019 |

Felicity Jones is the Notorious RBG in On the Basis of Sex , a Mimi Leder-directed release recounting Ruth Bader Ginsberg’s push for gender equality during the early part of her law career. Though the film—written by Ginsburg’s own nephew, Daniel Stiepleman—has a decent 71% critic rating on Rotten…

Police: Officer Killed by Driver Texting Wife About Evening

January 10, 2019 |

Salt River tribal police Officer Clayton Townsend was standing near a car after performing a routine traffic stop near Scottsdale, Arizona, Tuesday night when he was fatally struck by another car. Police say the driver of that car, 40-year-old Jerry Sanstead Jr., admitted to them he was texting with his…