Japan set to ease 30% crypto tax on paper profits for token issuers

The Japanese government is set to ease tax requirements for local crypto firms, as it pushes to stimulate growth in the domestic finance and tech sectors. At present, Japanese firms that issue crypto ...

New House Financial Services Committee chair wants to delay crypto tax changes

The incoming United States House Financial Services Committee chair Patrick McHenry wants the Treasury to delay the implementation of a section of the Infrastructure Investment and Jobs Act that deals...

Billionaire Ken Griffin sues IRS over tax disclosure

Ken Griffin, Citadel, at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Hedge-fund billionaire Ken Griffin has sued the IRS and the Treasury Department over the “unlawful discl...

When to submit your tax return in 2023 to avoid missing forms

If you’re eager to file your 2022 tax return in January or early February, the IRS has a warning: You’ll need to wait for “key documents” before filing in 2023. In a release la...

Bitcoin and the new regulatory tax

The European Union is finally moving to regulate via a tax, Bitcoin and the rest of cryptocurrencies. The taxation is just one of many regulatory maneuvers that there will be starting in 2023, the yea...

Uncertain Plans for a New Global Minimum Tax Are Weighing on Business

Text size Complexity and uncertainty have ballooned since the 2017 U.S. tax reform normalized minimum taxes, writes Daniel Bunn. Dreamstime About the author: Daniel Bunn is president and CEO of the Ta...

What the pro-business tax agenda is chasing in a changing Congress 

Sunrise hits the U.S. Capitol dome on September 30, 2021 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images Main Street could find itself stuck in gridlock next year in terms of ad...

Brussels Proposes Stringent Tax Reforms For Crypto Sector

Blockchain News All crypto service providers will be subject to the reporting obligations. The proposal will be presented to the EU Council for review. Countries across the globe are stepping up regul...

These 3 Tax Tips Could Save You Big

SmartAsset: JP Morgan Reveals 3 Tricks to Cut Taxes With interest rates rising, it’s increasingly important to make sure you’re taking advantage of all interest deductions you’re entitled to so you ca...

UK Proposes Reforms Including Tax Liabilities For Crypto Assets

55 mins ago | 2 mins read Bitcoin News The Treasury will create a financial market infrastructure sandpit in the next year. The government would prioritize the revision of EU regulations for the five ...

UK announces tax break for crypto investors and new regulatory sandbox

In a recent move to become a hotbed for innovative technologies, the UK announces a tax break for crypto investors and a new regulatory sandbox for financial technologies. The government of the UK has...

UK’s new financial reforms include tax breaks for crypto investors

The Chancellor of Exchequer of the UK announced the Edinburgh Reforms on 9 December. These measures are part of PM Rishi Sunak’s dreams of a crypto hub. Jeremy Hunt, the Chancellor of Exchequer of the...

EU to ‘Level Playing Field’ for Crypto Firms With Uniform Tax Rules

Companies of any size processing crypto transactions for customers in the European Union will soon need to report these for tax purposes under proposed legislation. The policy, put forward as an addit...

Crypto Tax Firm Koinly Lays Off 14% of Staff Amid Bear Market

UK-based crypto tax firm Koinly is letting go 14% of its global team, citing the need “to combat the challenging conditions facing the cryptocurrency market and economy at large.” The job cuts will af...

Bitcoin pioneer faces trial for tax evasion and unlicensed crypto business

A well-known Bitcoin pioneer and Libertarian activist Ian Freeman is currently facing an eight-count charge in the United States. The trial relates to tax evasion and operating an unlicensed money-tra...

Has Trump Run Out The Clock On His Tax Returns Yet Again?

The maxim “justice delayed is justice denied” has been invoked throughout history and it serves as a reminder that success in litigation may turn not just on accomplishing a desired result, but on whe...

UK-based Crypto Tax Firm ‘Koinly’ Announces 14% Layoff

Bitcoin News The FTX collapse had a terrible effect on the crypto industry with several firms taking hits. Koinly, founded in 2018, is the tax partner for a number of cryptocurrency exchanges. Koinly,...

Dear Tax Guy: Our accountant charged us $486 for a simple gift-tax return. Why on earth would it cost so much?

We gave our daughter money towards a down payment on a home and learned we had to file a gift tax return. Our accountant charged us $486 for this. Why can’t you just add a form to your regular tax ret...

Sam Bankman-Fried Backed Income Tax Hike To Appear On California’s 2024 Ballot

Sam Bankman-Fried, former CEO of FTX US Derivatives (Tom Williams/CQ-Roll Call, Inc via Getty … [+] Images) CQ-Roll Call, Inc via Getty Images California voters handily rejected Proposition 30, ...

Trump Organization, owned by Donald Trump, convicted in tax fraud case

Two subsidiaries of the Trump Organization were convicted Tuesday by a jury in New York City of multiple crimes, including tax fraud, falsifying business records and conspiracy. The guilty verdicts on...

Trump Organization Found Guilty Of Tax Fraud At Trial

Topline The Trump Organization has been found guilty of criminal tax fraud, a jury declared Tuesday, after prosecutors accused former President Donald Trump’s company of evading taxes by paying execut...

Crypto tax startup Koinly cuts 14% of staff

Crypto tax startup Koinly has cut 14% of its staff, a reduction in headcount CEO Robin Singh attributed to a bear market made worse by the collapse of crypto exchange FTX. “We are taking measure...

Here are the last-minute tax moves you should make before year-end

If you want to lower your taxable income, there’s a host of things that you can do before the end of the year. You can start by shoring up your retirement. The benefit of saving through a retire...

Bitwave raises $15 million for crypto-focused tax and accounting platform

Crypto accounting, tax and compliance platform Bitwave raised $15m in a Series A funding round led by Hack VC and Blockchain Capital. Other venture capital firms including SignalFire, Valor Equi...

Argentina Signs Automatic Tax Data Sharing Agreement With the United States – Taxes Bitcoin News

The government of Argentina has signed a data sharing agreement with the U.S. to enhance the cooperation of the countries in the tax arena. The agreement, which was signed by Sergio Massa, minister of...

Can I Use Capital Losses as Tax Shelters?

can capital losses offset dividend income Capital losses realized when selling securities for less than you paid can be used to reduce income received from dividend-paying stocks — but only up to a po...

Tax Increases Won’t Lower Gas Prices At The Pump

SAN BRUNO, CALIFORNIA – OCTOBER 03: Gas prices over $6.00 a gallon are displayed Getty Images Governor Gavin Newsom believes California’s gas prices are too high. And he is correct. However, his...

Nigerian Finance Bill Has Provisions Allowing Govt to Tax Crypto Transactions – Taxes Bitcoin News

A Nigerian finance bill, which seeks to amend the country’s various tax statutes, contains provisions which allow the government to tax cryptocurrency and other digital asset transactions, a report ha...

Did New York’s Gas Tax Holiday Save Consumers Money?

NEW YORK, NEW YORK – JUNE 01: A man fills his car up with gas at a Brooklyn station on June 01, 2022 … [+] in New York City. Effective starting today, New York is suspending its gas tax fo...

Tax deadlines for retirees: do this before the year ends

It’s the most wonderful time of the year for holiday cheer – and last-minute tax tips.  Retirement Tip of the Week: As we approach the new year, look for tax-advantageous strategies to cut your tax bi...

Tax strategy that may offset losses – but investors need to act now

Investors may get a wake-up call this winter when it comes to taxes, but it doesn’t have to be that way. According to BNY Mellon’s Ben Slavin, it’s a key time to sell losing investme...

Thailand Says Most Institutional Investors Must Pay Stock Tax

(Bloomberg) — Most institutional investors in Thailand won’t be exempted from a tax levied on stock transactions that will resume next year after more than three decades, authorities said. Most ...