industryterm:tax systems

What You Should Know About #crypto to Do Your #taxes
▻https://hackernoon.com/what-you-should-know-about-crypto-to-do-your-taxes-bda1cd06be4d?source=r

https://cdn-images-1.medium.com/max/1024/1*58ZUlJzSgT60cwJ27mfnZQ.png

A couple of weeks ago, a friend of mine who is an active crypto trader told me he’d wrapped up his personal taxes. He’s a die-hard, anti-system kind of a guy, but he made sure to do everything to a tee because you never know what broke governments are willing to do.After recording every single transaction, his supporting documents came out to more than 10,000 sheets. More sheets than the IRS will even allow you to submit. I have to say, that made me very glad to be in the HODL camp.If you are a US citizen or resident, the hard truth is that you’re dealing with one of the most complex tax systems in the world. On top of that, if you’ve actively traded crypto or used it to buy and sell goods over the last year, your life just got far more complicated.Hopefully, by now, you’ve already enlisted (...)

#crypto-taxes #blockchain #cryptocurrency

Poor losing out in African boom, according to new report | World news | The Guardian
▻http://www.theguardian.com/world/2014/feb/24/poor-losing-out-african-boom

Soaring economic growth in many African countries is coming at the expense of the poor, according to a new report that urges governments to overhaul their tax systems to halt rising inequality.

Despite a decade of high growth across the continent, the wealth created is not being equally shared and so progress in human development in Africa has been disappointingly limited, according to the report by Christian Aid and Tax Justice Network-Africa.

But the growing gap between rich and poor is not simply the result of the rich getting richer, the authors say. They also point to money escaping offshore in illicit flows as well as tax systems that are failing to redistribute wealth and in some cases even disadvantaging the poor.

#afrique #inégalités #pauvreté #évasion_fiscale

The Taxing Question of Land (2013)
▻http://www.filmsforaction.org/watch/the-taxing-question-of-land-2013

Complex tax systems allow for avoidance, evasion and expensive administration costs to both the public and private purse. At the recent G8 summit, the UK placed tax compliance as one of the most...