Satoshi Nakamoto Better Not Be Danish, Tyler Cowen Quips As Denmark Proposes To Tax Unrealized Crypto Gains
Denmark’s Tax Law Council has put forth a proposal to tax unrealized gains and losses on cryptocurrency assets in the same way that it taxes stocks and bonds.
What Happened: The council’s comprehensive 93-page report suggested that all cryptocurrency assets should be taxed under a uniform set of rules, according to a Cointelegraph report on Wednesday.
The report favored an “inventory taxation” method, which considers an investor’s entire portfolio as a single inventory to be taxed by a specific date each year, irrespective of whether the assets have been sold or not. Under this model, cryptocurrencies would be taxed alongside other financial assets like stocks and bonds
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