Search Results for "tax"
Virginia Proposes Regulatory Framework for Digital Asset Mining and Transactions
Virginia Senate Bill No. 339, introduced by Senator Salim, aims to regulate digital asset mining and transactions, exempting businesses from certain licenses and providing tax benefits for digital asset exchanges.
Australian Taxation Office Clarifies CGT on DeFi and Crypto Wrapping
The Australian Taxation Office has issued guidelines on the capital gains tax implications for decentralized finance activities and crypto token wrapping, following a recent security breach.
Norwegian Tax Authorities Want Investors to Voluntarily Declare their Crypto Earnings
The Norwegian Tax Administration wants people to voluntarily report their cryptocurrency earnings ahead of the April deadline for filing tax returns.
US IRS Introduces Broad Category for Digital Assets Ahead of Tax Season
The US IRS has created the Digital Assets categories ahead of this year's tax season
U.S Court Issues John Doe Summons to Taxpayers that Failed to Remit Crypto Taxes
The United States District Judge, Paul G. Gardephe has granted permission to the Internal Revenue Service (IRS) to issue what is called a John Doe summons on M.Y. Safra Bank to release information about customers who may have failed to remit taxes received from conducting crypto transactions
Colorado State to Permit Payment of Taxes in Crypto this Summer
Colorado Governor Jared Polis has revealed that the state plans to let its residents pay their taxes in digital currencies as early as this summer.
Argentina Enacts New Tax Policy for Crypto Transactions
The Argentinian government has had a change of mind for making the country a tax haven for digital currencies as all individual transactions involving the nascent asset class will now be subjected to taxation.
South Korea's National Tax Service Advances on Cryptocurrency Oversight with Integrated Management System
South Korea's National Tax Service is set to complete the 'Integrated Cryptocurrency Management System' by 2025, aiming to enhance tax compliance and prevent illicit activities.
Rio de Janeiro to Accept Crypto Property Tax Payment from 2023
Rio de Janeiro is gearing up to be the first city on Brazilian soil to accept tax payments in cryptocurrencies from 2023.
UK's HMRC Makes the First NFT Seizure in Tax Evasion Scandal
Her Majesty’s Revenue and Customs (HMRC) have nabbed three suspected tax evaders, as well as three NFTs.
DeSantis Proposes Flat Tax and IRS Elimination, Sparks Trump Rivalry in 2024 Race
In the 2024 presidential campaign, Florida Governor Ron DeSantis advocates for a flat tax system and the elimination of the IRS, a move that has ignited a political battle with Donald Trump, highlighting internal Republican party dynamics and differing tax policy visions
Arthur Hayes: The Federal Reserve is Doomed to Fail
Arthur Hayes' article "Kite or Board" critiques the U.S. Federal Reserve, highlighting its challenges like autonomy, inflation tax, policy changes, and banking sector transition. He suggests Bitcoin as a decentralized, finite supply, and global acceptance alternative to traditional financial systems.