PwC’s global crypto tax report reveals the need for further regulatory guidance
Cointelegraph
Published Oct 02, 2020 07:00AM ET
Updated Oct 02, 2020 08:40AM ET
One of the Founding Fathers of the United States, Benjamin Franklin, once said: “But in this world, nothing can be said to be certain, except death and taxes.” While this phrase was realized in 1789, the same still holds true today. The only difference is that taxes are slowly but surely catching up with crypto assets.
Therefore, it shouldn’t come as a surprise that Big Four accounting firm PricewaterhouseCoopers has just released its first annual Crypto Tax Index as part of the “Global Crypto Tax Report.” The detailed report contains the latest global crypto tax developments, along with crypto tax information for over 30 jurisdictions. Interestingly, 61% of jurisdictions surveyed have issued guidance on the calculation of crypto capital gains and losses for individuals and businesses.
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Written By: Cointelegraph
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