Search Results for "tax"
South Korean Tax Specialists Advocate for Lowered Crypto Taxation
Members of the Korean Tax Policy Association are calling on the government to consider applying a low-level tax on crypto transactions. The South Korean administration is contemplating taxing cryptocurrencies as part of its tax reform plan for 2021, but specialists feel it requires in-depth conceptualization.
U.S. Intends to Impose Tax on Crypto to Support Infrastructure Construction Amid Musk and Dorsey Express Strong Dissatisfaction
As the bipartisan Senate began to vote on President Joe Biden's infrastructure package, the taxation of cryptocurrency transactions in this infrastructure plan cited Tesla CEO Elon Musk, Jack Dorsey, Senator Criticism by Ted Cruz, and others.
TaxBit CEO Lindsey Argalas Discusses Crypto Compliance and Innovations
In a recent interview, TaxBit CEO Lindsey Argalas delves into crypto compliance, IRS regulations, and the future of digital asset management.
Gemini Introduces New Features to Enhance Student Learning
Gemini's new features aim to help students study smarter with resources like OpenStax. Available for students 18 years and older.
Potential Benefits of a Clear Crypto Tax Policy for the U.S.
The U.S. has a historic opportunity to craft effective crypto tax policies, which could enhance innovation and economic growth while addressing regulatory challenges.
How Declines in Tourism Affect Municipal Bonds and Local Economies
Explore the significant impact of international tourism on municipal bond markets and local economies, highlighting the financial risks linked to declining foreign visitor numbers.
Leveraging Data and AI: HMRC's New Tactics Against Crypto Tax Fraud
Discover how HMRC is using data, AI, and global partnerships to enhance crypto tax investigations and compliance strategies, as discussed by Richard Las in Chainalysis' Public Key podcast.
Congressional Panel Tackles Digital Asset Taxation Amid Treasury Relief
The U.S. Treasury Department's exemption of digital assets from corporate minimum tax rules marks a victory for the cryptocurrency industry, particularly for firms like MicroStrategy and Coinbase.
NY Legislators Push Energy Tax on Bitcoin Mining Operations
New York cryptocurrency miners may face an exodus as lawmakers propose aggressive legislation targeting their high electricity usage.
NVIDIA and Uber Partner to Propel Autonomous Driving with Level 4 Robotaxis
NVIDIA partners with Uber to expand global autonomous driving networks using its DRIVE AGX Hyperion 10 platform, aiming for 100,000 vehicles by 2027.
India's Crypto Tax Laws Under Scrutiny: Are They Hindering Innovation?
India's crypto investors criticize the country's tax laws, claiming they stifle innovation and drive users to offshore platforms. Learn more about the challenges faced by India's burgeoning crypto community.
Biden's Budget Proposal Includes Crackdown on Crypto Wash Sales and Doubling of Capital Gains Tax for Certain Investors
U.S. President Joe Biden's fiscal 2024 budget plan proposes a crackdown on crypto wash sales and a doubling of the capital gains tax for certain investors, which could raise $24 billion. The proposed changes to crypto tax treatment aim to reduce the deficit by nearly $3 trillion over the next decade. The budget proposal seeks to eliminate the tax-loss harvesting strategy used by crypto traders, which allows them to sell assets at a loss for tax purposes before immediately repurchasing them. The proposal also aims to raise the capital gains tax rate for investors making at least $1 million to 39.6%.