Tag: Taxes

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IRS boosts mileage rate deductions as gas prices soar to $5 a gallon

IRS boosts mileage rate deductions as gas prices soar to $5 a gallon

Guy Benhamou sends a picture of gas prices to friends while pumping gas at an Exxon Mobil gas station on June 9, 2022 in Houston.Brandon Bell | Getty [...]
Taxes of top concern behind Bitcoin salaries, Exodus CEO says

Taxes of top concern behind Bitcoin salaries, Exodus CEO says

Major cryptocurrency wallet provider Exodus continues paying its employees in Bitcoin (BTC) despite the ongoing bear market, with the total market cap [...]
Californians working from home are moving to Mexico amid inflation

Californians working from home are moving to Mexico amid inflation

More than 360,000 people left California in 2021, in what some are calling "The California Exodus" — many leaving for states like Texas, Arizona and W [...]
PM under pressure to cut taxes after confidence vote

PM under pressure to cut taxes after confidence vote

Boris Johnson's supporters believe the move would help heal divisions within the Conservative Party. www.bbc.co.uk [...]
IRS working to boost audit rates for higher earners

IRS working to boost audit rates for higher earners

Jeffrey Coolidge | Photodisc | Getty ImagesThe IRS is working to boost its audit rates for the wealthiest Americans, according to a statement recently [...]
A16z Says DAOs May Be Better Off Filing Legal Papers, Paying Taxes

A16z Says DAOs May Be Better Off Filing Legal Papers, Paying Taxes

The challenge is keeping a DAO decentralized while allowing it to meet the tax requirements and other practical demands of a business or nonprofit. Us [...]
Brazil’s Federal Revenue now requires citizens to pay taxes on like-kind crypto trades

Brazil’s Federal Revenue now requires citizens to pay taxes on like-kind crypto trades

Brazil's Federal Reserve (RFB) has declared that Brazilian investors in the crypto-assets market must pay income tax on transactions that involve the [...]
Capital gains may have triggered more individual taxes for 2021

Capital gains may have triggered more individual taxes for 2021

The U.S. Department of the Treasury buildingJulia Schmalz | Bloomberg | Getty ImagesSome investors may be grappling with the sting of higher-than-expe [...]
As number of billionaires climbs, new calls for wealth taxes emerge

As number of billionaires climbs, new calls for wealth taxes emerge

A mobile billboard calling for higher taxes on the ultra-wealthy depicts an image of billionaire businessman Jeff Bezos, near the U.S. Capitol on May [...]
Johnson: I am not attracted intrinsically to new taxes

Johnson: I am not attracted intrinsically to new taxes

The PM says "no option is off the table" when asked if there are plans for a windfall tax on oil and gas firms. www.bbc.co.uk [...]
House Democrats push for SALT relief in appropriations bill

House Democrats push for SALT relief in appropriations bill

Rep. Tom Suozzi, D-N.Y., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol on April 15, 2021 [...]
Chancellor Rishi Sunak on windfall taxes on oil and gas profits

Chancellor Rishi Sunak on windfall taxes on oil and gas profits

Windfall taxes are "not the simple easy answer" to every problem, the chancellor has told MPs. But Rishi Sunak warned oil and gas firms if they did no [...]
Tax pros ‘horrified’ by IRS decision to destroy data on 30 million filers

Tax pros ‘horrified’ by IRS decision to destroy data on 30 million filers

courtneyk | E+ | Getty ImagesAn audit by the Treasury Inspector General for Tax Administration revealed the IRS has tossed data for millions of payers [...]
IRS insists destruction of taxpayer data won’t affect payers

IRS insists destruction of taxpayer data won’t affect payers

alfexe | iStock | Getty ImagesFilers won't be affected by the IRS decision to destroy data for millions of taxpayers, the agency said in a statement T [...]
Rishi Sunak on chances of windfall taxes on energy firms

Rishi Sunak on chances of windfall taxes on energy firms

The chancellor has said he is "not naturally attracted" to windfall taxes but he is "pragmatic". Rishi Sunak told the BBC's Faisal Islam that oil and [...]
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