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Update on Article of Interest: Japan to regulate Bitcoin trades, impose taxes

Recommended By: Dan Thrailkill

In an update to the last article posted regarding Bitcoin taxation; it appears that the Japanese government will be the first major economic powerhouse to attempt to regulate Bitcoin.  The Japanese government will take the position that cryptocurrency should be treated as a commodity or investment rather than a currency, which could influence other governments to take the same position.

Read More, Japan to regulate Bitcoin trades, impose taxes


 

 

Daniel-Thrailkill-P-220x292As a Principal in the Tax Department, Dan specializes in providing various tax services to a wide variety of privately held businesses with operation in the construction, investment partnerships, manufacturing, professional service, real estate technology and wholesale distribution industries.  His extensive expertise and inside knowledge of privately owned companies enable him to provide the highest level of practical and technical tax compliance and consultation. 

 

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