Charlotte grew its tech talent pool at the fastest pace, and, for the first time, moved up into the large-market bracket in CBRE’s sixth-annual Scoring Tech Talent Report, which ranks 50 U.S. and Canadian markets according to their ability to attract and grow tech talent. Charlotte has a tech talent labor pool of 54,200, or 4.6 percent of its total employment, compared to the national average of…Read More

  2. SEC States Bitcoin and Ethereum Are Not Securities, Favorable Tax Implications

    William Hinman, the Securities and Exchange Commission’ director of the division of corporate finance said Thursday that ether—the currency that powers the Ethereum network—shouldn't be regulated in the same way as stocks and bonds. “Based on my understanding of the present state of ether, the Ethereum network, and its decentralized structure, current offers and sales of ether are not secu…Read More

  3. Bittrex exchange will let investors trade their dollars for cryptocurrency

    Bittrex has completed an agreement that allows investors to buy digital coins with American dollars. In the past, only coins traded on Coinbase could be bought with dollars. to buy any of the other coins, investors had to convert their money to bitcoin first. During 2017, this caused unexpected tax liabilities for many investors who were unaware of the tax implications for crypto to crypto trades.…Read More

  4. Worldwide Tax Authorities Turn Focus to Crypto: India Consider 18 Percent Crypto Tax While New York State Votes to Move Forward with Digital Currency Task Force

    India Consider 18 Percent CryptoTax Bloomberg sources reported that India is working on proposals to make cryptocurrency transactions subject to goods and services tax (GST). This is an 18 percent tax. India has so far refrained from issuing regulations on cryptocurrency. If the taxation rule goes ahead, it would signal a move towards legitimacy of the industry in the continued absence of hard-and…Read More

  5. Portugal Provides Highly Anticipated Tax Clarity for the EU

    The Portuguese Tax Authority (PTA) is one of few countries that has taken specific steps to create a framework defined framework for cryptocurrency taxation, helping to provide a great amount of clarity on the murky subject. This came a result of an unidentified company seeking guidance on whether or not its token was covered by value added tax (VAT) exemptions similar to what are offered for lega…Read More

  6. AICPA Requests Further Guidance From IRS on Cryptocurrency

    The American Institute of Certified Public Accountants which is the world’s largest association of accounting professionals asked the IRS to issue immediate, updated guidance regarding the tax treatment of cryptocurrency transactions.  The first IRS tax guidance for cryptocurrencies was introduced March 2014, few CPAs have done comprehensive analyses of the record-keeping and enforcement challe…Read More