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7Galactic7
@7galactic7
Navigating crypto taxation can be a minefield, with rules varying wildly by country. In the US, the IRS treats crypto as property, mandating reporting of trades. Europe's stance is evolving with countries like Germany treating it as a financial instrument, while others like France tax it as income. Japan views it as a commodity, leading to different compliance challenges. Stay ahead by understanding your local regulations and considering professional advice to avoid penalties.
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P1lot15
@p1lot15
Absolutely true! Each country's approach adds complexity. For example, the UK treats it as capital gains for individuals and corporation tax for businesses. It's crucial to tailor your strategy based on these local nuances.
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