Cryptocurrency and tax has been saved
Cryptocurrency and tax
Part of the Tax News & Views podcast series
You can’t see it, hold it, or put it in your wallet. Yet, cryptocurrency has taken center stage with the IRS and has implications when you file your taxes. In this latest episode, Deloitte specialists Denise Hintzke and Peter Larsen take a close look at how the OECD and major governments are trying to regulate data collection and reporting around cryptocurrency transactions.
Tax podcast: Cryptocurrency and tax
July 15, 2021
With the recent spike in global cryptocurrency transactions, the OECD and local government lawmakers are working to understand this emerging business trend and how to regulate it. In this episode, host Carrie Falkenhayn sits down with Deloitte specialists Denise Hintzke and Peter Larsen to talk about how crypto is disrupting the market, its impact on traditional tax reporting standards, and even how some tax jurisdictions define and treat cryptocurrencies differently.
One of the issues is…there’s no clear consensus on how to treat crypto assets. Some countries, such as the US, see them as property. Others are looking at them as financial assets and commodities.
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