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Italy to raise capital gain tax on Bitcoin from 26% to 42%
16.10.2024
Italy, well-known for its architecture, culture, art, opera, literature, film, and fashion, is about to experience a one…
Italy to raise capital gains tax on Bitcoin from 26% to 42%
16.10.2024
In addition to raising the withholding tax on Bitcoin capital gains to 42%, Italy also plans to remove the 750,000 euro web tax threshold
South Africa’s Tax Agency Adds Crypto to Compliance Programs
13.10.2024
The South African Revenue Service (SARS) has announced plans to include crypto assets in its tax compliance programs. SARS is seeking information on crypto users and is increasing its efforts to identify and audit non-compliant taxpayers. The revenue collector urged taxpayers concerned about...
Crypto staking Jarretts again sue IRS over block reward taxes
11.10.2024
A previous case brought by Josh and Jessica Jarrett was dismissed in 2022 after the IRS conceded to refund some of the tax paid.
Harris’ unrealized gains tax could ‘tank markets’: Nansen’s Alex Svanevik, X Hall of Flame
8.10.2024
Nansen founder Alex Svanevik tips a $100K Bitcoin price if Trump is elected, and admits he ignored Bitcoin initially in favor of Ethereum
Harris’ unrealized gains tax could ‘tank markets’: Nansen’s Alex Svanevik, X Hall of Flame
8.10.2024
Nansen founder Alex Svanevik tips a $100K Bitcoin price if Trump is elected, and admits he ignored Bitcoin initially in favor of Ethereum
Bitcoin Is Digital Oil Well Fueling Rural Texas Economic Revival, Mayor Says
8.10.2024
Mayor Ward Roddam of Rockdale, Texas, sees bitcoin mining as the key to his town’s resurgence after the devastating closure of its largest employer, Alcoa. Comparing it to Texas’ oil boom, Roddam highlights how this modern technology is creating jobs, boosting revenue, and funding...
UAE Exempts Crypto Transactions From Value Added Tax
7.10.2024
The United Arab Emirates has exempted crypto transactions from value-added tax (VAT), according to an amendment in the law made by the Federal Tax Authority
UAE Introduces Retroactive VAT Exemptions for Crypto Transactions
7.10.2024
The United Arab Emirates has introduced VAT amendments that impact crypto transactions, redefining tax obligations for companies in the digital asset space. Under the new rules, businesses dealing with cryptocurrencies and other digital assets must carefully evaluate their tax positions, especially...
UAE exempts crypto transfers, conversion from value-added tax
6.10.2024
The UAE has exempted cryptocurrency transfers and conversions from value-added tax, positioning itself as a more crypto-friendly jurisdiction for digital asset transactions
Ohio Senator Pushes for Cryptocurrency Tax Payments With New Bill
3.10.2024
Ohio State Senator Niraj Antani has introduced a bill to legalize cryptocurrency payments for state and local taxes. Emphasizing the importance of cryptocurrency in the present economy, the bill requires Ohio to accept digital currencies like bitcoin and allows state retirement systems to invest...
Kamala Harris’s Unrealized Capital Gains Tax Would Hurt All Crypto Investors
2.10.2024
The proposed 25% levy would hurt early investors in bitcoin and lead to a selloff in the wider market, says Zac Townsend, CEO and co-founder of Meanwhile
Crypto Billionaire Flees London Over Offshore Tax Concerns
1.10.2024
Christian Angermayer, a billionaire crypto investor, has reportedly moved from London to Switzerland as the UK considers tightening tax policies on offshore wealth. Angermayer’s relocation signals the potential departure of other wealthy individuals fearing future tax hikes on non-domiciled...
Japan to Review Crypto Regulations, Potentially Easing Tax Burden
1.10.2024
Japan is reportedly set to review its cryptocurrency regulations, potentially reducing taxes on digital assets. The Financial Services Agency (FSA) plans to assess whether current crypto regulations under the payments act provide sufficient investor protection. The review may lead to reclassifying...
FCA Secures First Conviction for Illegal Crypto ATM Operation in UK
1.10.2024
Olumide Osunkoya has pleaded guilty to illegally running a crypto ATM network across the UK. Even though the UK Financial Conduct Authority (FCA) denied his registration, his operation handled millions in cryptocurrency transactions. This case represents the first conviction of its type under...
Ohio to consider accepting crypto for tax payments and fees
30.9.2024
They tried once in 2018, but the State Board of Deposits "failed" to show any enthusiasm
Ohio Senator Introduces Bill To Allow Bitcoin Tax Payments
30.9.2024
Ohio State Senator Niraj Antani, has introduced a groundbreaking bill that aims to allow residents to pay their…
Sound Money Defense League Executive: Gold Protects Against Inflation, Fiat Risks
29.9.2024
In a recent interview with Kitco News, Jp Cortez, the executive director of the Sound Money Defense League, discussed the growing sound money movement across the United States. Cortez emphasized the significance of legislative wins, such as the removal of sales taxes on precious metals in...
Billionaire Bitcoiner slams UK tax system, leaves for Swiss Bitcoin city: Report
29.9.2024
Bitcoiner Christian Angermayer claimed the United Kingdom’s latest tax proposal for non-doms would be a “huge mistake” and be “a bigger act of national self-harm than Brexit.”
Billionaire Bitcoiner slams UK tax system, leaves for Swiss Bitcoin city: Report
29.9.2024
Christian Angermayer claimed the United Kingdom’s latest tax proposal for non-doms would be a “huge mistake” and be “a bigger act of national self-harm than Brexit.”