Tag: Taxes
India Keeps Stiff Taxes on Crypto as Interim-Budget Is Revealed in Election Year
“Digital public infrastructure and the PM’s aspiration for [innovation] will benefit from integrating provisions for long-term financing of domestic c [...]
Is Rishi Sunak increasing taxes on all flights?
Labour says on X that tax is going up for all flights except for private jets, but that's wrong.
www.bbc.co.uk [...]
Indonesian Crypto Exchanges Blame 60% Drop in Trading Volumes Partly on High Taxes
"Both stocks and crypto are tradable assets with profit potential … Thus, implementing the same tax regime for both these investment instruments would [...]
U.S., EU reach deal to suspend taxes
Jack Daniel's Tennessee Whiskey.Getty ImagesU.S. whiskey distillers are breathing a sigh of relief as they will avoid a looming 50% tax on shipments t [...]
Swiss city Lugano accepts Bitcoin and Tether for municipal taxes
The Swiss city of Lugano is enhancing the local adoption of Bitcoin (BTC) by enabling citizens and companies to pay for municipal services and taxes w [...]
UK Won’t Excuse Ignorance in the Hunt for Unpaid Crypto Taxes, Experts Say
The government could use a number of different ways to track down crypto tax evaders, CoinDesk was told.
www.coindesk.com [...]
Brazilians may soon need to stump up taxes on crypto held abroad
Brazilians may soon be required to pay up to 15% tax on income derived from cryptocurrencies held on exchanges outside the country, after new income t [...]
UK Gov Wants Crypto Users to Disclose and Pay Taxes to Avoid Penalties
Users who have already made crypto tax disclosures to the U.K. Treasury have 30 days from the disclosure date to make all necessary payments. If the d [...]
Chris Mason: Jeremy Hunt looks likely to cut taxes – the question is where?
The focus of the Autumn Statement is expected to be on business taxes and growing the economy.
www.bbc.co.uk [...]
Congress Gets the Runaround From Regulators, Again
Fast forward two years and fears about the broker definition have come true. It’s clear that the Treasury decided to broaden the scope of what it deem [...]
The Global Movement to Promote Crypto Tax Transparency — What You Need to Know
In Europe and the U.S., there are a host of initiatives placing new requirements on participants in digital asset markets to report on transactions an [...]
What the IRS Gets Wrong About DeFi and Crypto in Its Latest Tax Reporting Proposal
The APA requires a reviewing court to set aside agency action that is “arbitrary, capricious, an abuse of discretion, or otherwise not in accordance w [...]
Crypto Tax Proposal Open for Revision, IRS Officials' Questions Suggest
While crypto representatives and lawyers cautioned the U.S. Internal Revenue Service (IRS) that its crypto tax proposal is a dangerous and improper ov [...]
What Are the Tax Implications of the Alleged Binance Wallet Hack (or Any Crypto Exploit)?
What Are the Tax Implications of the Alleged Binance Wallet Hack (or Any Crypto Exploit)?
www.coindesk.com [...]
Laos military says country’s crypto operators owe $20M in unpaid taxes
In an effort to boost state revenues, Laos appears to be turning its attention to the country's crypto sector.According to a Nov. 9 report by China's [...]