Tax regulations

Tax regulations to consider when borrowing or lending by friends or relatives

When experiencing financial difficulties, it is not uncommon for people to seek help from friends and relatives. Right now, due to the covid crisis, many people are facing financial stress due to job loss, reduced wages or business closures. However, borrowing or lending by a relative or friend is not a taxable transaction from an […]

Tax regulations

OECD urges regulators to establish uniform cryptocurrency tax regulations

In this photo, the Internal Revenue Service (IRS … SOPA Images / LightRocket via Getty Images Regulators around the world are struggling to put in place an effective tax policy for virtual currency transactions. Recently, the IRS was scrutinized by the government watchdog, the Inspector General of the Treasury for Tax Administration (TIGTA), on this […]