Over the summer I played golf at a course near Nashville. The club paired me with a thirtysomething gentleman. The two of us exchanged questions about what we do. His answer: “I’m an autoworker.” Of c...
Tag: Tax
OECD releases final plan to crack down on international tax evasion using crypto
The Organisation for Economic Co-operation and Development’s long-in-the-making crypto tax framework was published Monday. The document is meant to formalize information sharing between the 38 m...
Portugal proposes 28% tax on annual crypto trading profits next year
The cryptocurrency tax haven could see taxes levied on profits realized from cryptocurrency trading or capital gains within a year of their acquisition. Long considered a cryptocurrency tax haven, Por...
Portugal Introduces a 28% Crypto Tax in Its 2023 Budget
The Portuguese government released its budget for 2023 on Monday and included a 28% income tax on cryptocurrencies. Portugal has long been considered a cryptocurrency tax haven, but the country has no...
Portugal wants to tax crypto profits
Portugal is currently one of those rare countries where no taxes are paid on any profits from buying and selling crypto. However, this fortunate situation could change because, as Bloomberg reports, ...
Portugal Prepares to Tax Crypto Gains at Rate of 28%, Draft Budget Unveils – Taxes Bitcoin News
Authorities in Portugal intend to impose a levy on gains from short-term crypto investments with the state budget for next year. The document, which still needs the approval of Portuguese lawmakers, s...
Portugal Proposed Tax On Crypto Gains From Next Year
The post Portugal Proposed Tax On Crypto Gains From Next Year appeared first on Coinpedia Fintech News Portugal, considered a cryptocurrency tax haven not long ago, will start taxing crypto profits fr...
One Account Of Why The Low-Income Housing Tax Credit Is Broken
“Statler: Well, that was different. Waldorf: Yep. Lousy… Both: …but different!” Getty Images People could wonder, reasonably, about why I am so negative about housing policy. I...
Portugal Plans to Impose 28% Tax on Crypto Gains
The Portuguese government has proposed a new cryptocurrency tax policy that would take effect as part of its 2023 national budget, according to a government-issued report published Monday. Within the ...
OECD Releases Framework to Unify Global Crypto Tax Reporting
Cryptoassets increase tax evasion likelihood as they aren’t covered under current standard, agency says Framework will be presented to G20 finance ministers this week The Organization for Economic Coo...
Portugal will implement 28% tax on crypto in 2023
The Portuguese government will introduce a 28% tax on all earnings generated from crypto held for less than a year in its 2023 budget. The announcement stated: “[The new tax] is intended to create a b...
Liz Truss Must Ignore Critics And Implement Flat Tax
The jeers that greeted Britain’s Prime Minister Liz Truss’ minor tax cut proposals glaringly expose the utter lack of enlightenment found in so many of today’s policymakers and commentators. Instead o...
Portugal’s new budget draft is set to affect its crypto tax haven status
The Portuguese government submitted a report for 2023’s national budget to the country’s parliament. Within this report lies a proposal to subject crypto gains to the country’s capital gains tax laws....
Portugal Plans to Levy Tax Up to 28% on Crypto Gain
Europe’s most crypto-friendly nation is planning to levy taxes on digital-currency gains for purchases held for less than a year. The move is a major policy shift as Portugal currently does not ...
Portugal Looking to Tax Short-Term Crypto Gains From Next Year: Report
Portugal’s policy shift from no crypto taxes to one where levies are charged on cryptocurrencies is set to enter another chapter as policymakers eye short-term crypto asset owners. The government is p...
Will Portugal’s 28% cryptocurrency tax proposal affect investors’ sentiment?
Ibiam Wayas Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general p...
OECD releases framework to combat international tax evasion using digital assets
The OECD said it planned to present the Crypto-Asset Reporting Framework to a meeting of G20 finance ministers and central bank governors on Oct. 12-13. The Organisation for Economic Cooperation and D...
This Country’s Tax Rate Has Just Gone Through the Roof
Crypto tax: The new regime would allow gains from assets held for longer than 12 months to be exempt. Lawmakers in Portugal propose a 28% tax on profits earned from crypto assets held for less than a ...
OECD Approves Crypto Tax Reporting Framework
The framework, which was approved in August, ensures “the collection and automatic exchange of information on transactions for relevant crypto,” the report said. The definition of crypto a...
Ex-US Labor Secretary Representing Michael Saylor in Alleged Tax Fraud Suit
Eugene Scalia was solicitor of the US Department of Labor from 2002 to 2003 and was its secretary from September 2019 to January 2021 The case is “a warning shot across the bow,” partner at Cadwalader...
Norway Plans to Remove Power Tax Cut for Crypto Miners
The government of Norway is acknowledging an offer to eliminate the law of preferential tax treatment for data centers. The law permitted many crypto businesses to pay less for power tax. The governme...
Free money is coming to Californians to offset high gas prices. Will it also come with a tax bill?
Gas prices are on the rise again in Southern California and beyond. (Francine Orr / Los Angeles Times) To help ease the pain of high gasoline prices, eligible Californians will start receiving tax ref...
Norway announces changes to its crypto tax law 1
Norway has announced that it is looking into plans to reverse an earlier decision regarding crypto tax in the country. According to several sources from the country, the Norwegian government is finali...
Norway Prepares to Reverse Electricity Tax Cut for Cryptocurrency Miners – Mining Bitcoin News
The Norwegian government is reviewing a proposal to abolish the policy of preferential tax treatment for data centers mining cryptocurrency with cheaper electricity. The executive power in Oslo says c...
Oryen Network, SOL, and AVAX Not Concerned About EU Parliament Voting In Favor Of Crypto Tax
The European Union (EU) recently announced new legislation that will continue to regulate the crypto industry within its borders. While many argue that decentralized digital assets should be free from...
Colorado is accepting crypto for tax payments — it could be a mess or a shining example
Colorado is now accepting crypto for tax payments — but if you choose to use that option, it could change the amount you owe. Colorado is accepting crypto as payment for any taxes owed to the state as...
How will the crypto tax regulations work in the UK?
UK is formulating new rules and framework for crypto taxation Crypto assets will be treated for the purposes of inheritance tax also Relevant common-law principles must underpin how residence is deter...
Norway Minister Proposes Scrapping Reduced Tax Policy For Minors
Cryptocurrency mining surf a large quantity of electricity. And since the crypto industry saw widespread adoption in recent years, it scaled up mining activities likewise, which caused electricity sho...
Japan Tax Cut on Offshore Cash Seen as Option to Support Yen
(Bloomberg) — A tax cut on capital shifted back to Japan from overseas subsidiaries may help stem the yen’s rapid depreciation, some economists say. Most Read from Bloomberg Reducing the tax app...
Users Can Pay for Crypto Tax Services Using Shiba Inu (SHIB)
– Advertisement – Users can now pay for crypto accounting and tax services using Shiba Inu (SHIB) payment method. US-based Zenledger, the global leader in crypto accounting and taxes, ente...