Tag: Taxes
The future of crypto taxes: Understanding the ever-changing landscape
A closer look at the current state of crypto taxation worldwide reveals a trend toward increased regulation and maturity, with many governments recogn [...]
Bidens Reported Earning $580,000 and Paid $170,000 in Taxes in 2022
The release of the president’s tax returns showed that the couple’s income dipped slightly in the second year of his presidency.
www.nytimes.com [...]
Nervous About Crypto Taxes? Donate Your Profitable Holdings Instead
If you hold crypto that has appreciated in value for more than one year, you won't need to worry about paying capital gains taxes and you’ll reap the [...]
Arizona governor vetoes bill targeting taxes on blockchain node hosts
Katie Hobbs, the governor of the American state of Arizona, has vetoed legislation that would have largely stopped local authorities from imposing tax [...]
Study claims 99.5% of crypto investors did not pay taxes in 2022
Swedish crypto tax firm Divly has released a new report that estimates that only 0.53% of crypto investors globally paid tax on their crypto in 2022 — [...]
El Salvador removes all taxes related to tech innovation for economic growth
El Salvador, the first country to establish Bitcoin (BTC) as a legal tender, made another historic decision to eliminate all taxes on technology innov [...]
El Salvador President Bukele to Introduce Bill That Would Eliminate Taxes on Technology Innovations
It is unclear yet if this measure will extend to bitcoin (BTC) applications, but El Salvador and its president are known for being bitcoin-friendly, i [...]
Best and worst countries for crypto taxes — plus crypto tax tips
So you’ve struck it rich in crypto? You’ll want to head to one of these countries to keep your newfound weal [...]
Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes
The president proposed trillions of dollars in new spending that has no chance of passing a Republican House, even as he sought to reduce deficits by [...]
Brazil’s oldest bank allows residents to pay their taxes using crypto
A major Brazilian bank is offering a new and convenient option for taxpayers to settle their dues using cryptocurrencies.According to a statement publ [...]
Crypto Exchange Binance Introduces Tool for Calculating Taxes on Transactions
The aim of Binance Tax is to simplify the calculation of gains and losses throughout the year. For frequent traders, this could amount to thousands of [...]
New York Assembly introduces crypto payments bill for fines, taxes
A bill introduced to the New York State Assembly on Jan. 26 would allow state agencies to accept cryptocurrency as a form of payment for fines, civil [...]
Treasury Department Outlines Rules for New Corporate Taxes
The preliminary guidance applies to an alternative minimum tax for large corporations and a tax on stock buybacks, which helped fund President Biden’s [...]
Trump’s Taxes: Red Flags, Big Losses and a Windfall From His Father
The presidency of Donald J. Trump, a congressional report reveals, was marked by some of the same questionable tax maneuvers that had characterized hi [...]
Trump Paid $1.1 Million in Taxes During Presidency, but $0 in 2020, Report Shows
The former president reported a burst of income after entering the Oval Office, but by the end of his term, his tax filings had reverted to large loss [...]