The South Korean government’s plans to levy a 20% tax on all cryptocurrency earnings has been postponed until 2025. Regulations to protect investors are to be put in place first. It was a rule which s...
Tag: Tax
South Korea defers 20% crypto tax implementation to 2025
The South Korean government on July 21 reportedly postponed the implementation of its 20% crypto tax to 2025, according to South Korean news outlet hankyung. Crypto tax delayed According to the report...
Steve Forbes Celebrates Scuttling Of Global Tax Scheme
This episode of What’s Ahead cheerfully examines how taxpayers got a break last week when two bad international tax initiatives that have been pushed hard by the Biden Treasury Department got temporar...
The regulatory implications of India’s crypto transactions tax
The Indian crypto landscape lost some momentum this year as the government introduced two laws demanding crippling taxes on crypto-related unrealized gains and transactions. India’s first crypto law, ...
South African Crypto Investors and Service Providers Told of Legal and Tax Implications of Central Bank’s Plan – Regulation Bitcoin News
South African tax consultancy firm Tax Consulting SA, has said the recent announcement by the central bank — that will start to regulate cryptocurrency in 12 to 18 months — has legal and tax implicati...
Simplify crypto tax loss harvesting with Koinly
Users venturing into the crypto world often find it tiresome to figure out the taxes to be paid on their crypto income. Calculating and filing taxes can be quite complex, especially if users have made...
Your 2023 Tax Refund Could Be Smaller. Here Are 4 Reasons Why
Taxpayers Beware: Your 2023 Tax Refund Could Be Smaller The IRS says that the average tax refund for returns filed in 2022 is $3,039. This is an increase of 7.5% when compared with 2021, which average...
How Big Is The Marriage Tax? Now We Know
Young adults with low- or middle-income jobs pay a heavy price if they marry. getty Economists, tax specialists and even ordinary people have long known that public policies can make marriage very una...
Compile Your Crypto Tax Reports In Under 20 Minutes Using Koinly
Compiling taxes for crypto transactions has been a thorn in the side of investors for a long time. This is because, unlike traditional markets, crypto transactions can be numerous as investors move to...
New High Tax Rate On Crypto Miners In Kazakhstan, Here’s Why
Kazakhstan has imposed new tax rules on crypto miners, this new taxation system shall be differentiating the tax rates on crypto mining. It also includes crypto miners that use renewable energy resour...
The 1% Tax Deduction Provision in Indian Crypto Tax
While the Indian government officially banned cryptocurrencies in 2018, they have since been left to be regulated and legal. Non-fungible tokens (NFTs) do not appear to be attracting as much regulator...
IRS Gives Wealthy Families More Time to Shelter Assets from Estate Tax
The federal government is giving widows and widowers more time to deal with the intricacies of the estate tax after a spouse dies. When one spouse dies, their partner often inherits all or part of the...
Aretha Franklin Estate Settles IRS Tax Claims
Aretha Franklin, the Queen of Soul, died in 2018 without a will. She was one more in a long line of celebrities that are very successful but that neglect how important estate planning can be. Her heir...
Toyota Reaches Tax Credit Phaseout, GM Refunds Bolt Price Cuts To Current Owners
Toyota’s bZ4X electric vehicle is coming for 2023; unfortunately it won’t be eligible for the full … [+] federal tax credit granted to EV buyers. © 2022 Bloomberg Finance LP Though t...
Kazakhstan’s New Law Imposes Higher Tax Rates on Crypto Miners
Miners in the country will now have to pay increased tax rates tied to the electricity prices consumed by these entities. Increased Tax Burden for Crypto Miners Consistent with the rapid advances towa...
Tax Expert Weighs In On Fate Of Tampa Bay Rays Lawsuits
The sun sets on Tropicana Field after the Tampa Bay Rays defeated the New York Yankees in May. Julio Aguilar/Getty Images The nasty legal battle that began in May 2021 between Tampa Bay Rays principal...
Florida Capital Gains Tax
Florida Capital Gains Tax The goal of an investment — whether you place your money in stocks, a business or real estate — is generally to end up with more money than you started with. When you earn en...
Kazakhstan imposes new tax rules on crypto miners
The President of Kazakhstan signed a bill to apply a differentiated tax rate based on the energy consumption of crypto miners on July 11. The new bill altered the country’s law on Taxes and Other Mand...
President of Kazakhstan Enacts Law Amending Country’s Tax Code To Impose Higher Rates on Crypto Miners
The President of Kazakhstan, Kassym-Jomart Tokayev, has enacted a law amending the country’s Tax Code to impose a higher tax rate on cryptocurrency miners. The increased levy will be based on the amou...
Solving the Complexities of Crypto Tax & Accounting With the Experts at Ledgible – Sponsored Bitcoin News
sponsored As crypto matures and continues along its path of inevitable adoption, so too does the importance placed on adequately accounting for crypto as an asset class and a source of income. Cryptoc...
Kazakhstan President Signs Law Increasing Tax Burden for Crypto Miners – Mining Bitcoin News
President of Kazakhstan Kassym-Jomart Tokayev has signed into law a bill amending the country’s Tax Code to impose higher tax rates on crypto miners. The levy will depend on the amount and average pri...
NIO stock gains as China offers tax breaks for new EV owners
Over the past weekend, China introduced new Covid-19 restrictions, which had a negative effect on electric vehicle (EV) makers’ stocks on Monday. NIO Inc.’s stock (NYSE: NIO) slid 3.2%, Xpeng Inc. sha...
NIO stock gains as China’s Ministry offers tax breaks for new EV owners
Over the past weekend, China introduced new Covid-19 restrictions, which had a negative effect on electric vehicle (EV) makers’ stocks on Monday. NIO Inc.’s stock (NYSE: NIO) slid 3.2%, Xpeng Inc. sha...
California Gavin Newsom Is Praised For Nation’s First Union Dues Tax Credit, But It’s Not A Done Deal
California Governor Gavin Newsom (AP Photo/Rich Pedroncelli) Copyright 2019 The Associated Press. All rights reserved California’s new 2022-2023 budget, which was signed by Governor Gavin Newsom (D) o...
10+ Frequently Asked Tax Questions – Top CPAs Answer
Are you looking for some good summer reading? TheStreet has you covered with tax tips from some of the leading CPAs and tax experts across the country. Contents Make sure you bookmark this page, we&...
This tax strategy is ‘one of the great silver linings’ of a down market
Even though there is talk of a recession and the stock market has been in the red for most of 2022, some financial experts say the news isn’t all bad for those who are planning for retirement. C...
Vanguard to Pay Massachusetts Investors Millions Over Target-Date Fund Tax Hit
Vanguard will pay $6.25 million as part of settlement with Massachusetts’ state securities regulator over allegations that changes it made to certain target-date funds stuck investors with unexpectedl...
3 Lessons From The Oslo Freedom Forum: Privacy & Tax – Odell, Sneidermanis, Nwosu
The Oslo Freedom Forum wasn’t a bitcoin conference, but the Human Rights Foundation made sure that its message was always present. We’ve already featured – one, two, three, four – activists, corporat...
Trading Volumes Fall Sharply as a New Crypto Tax Is Introduced in India – crypto.news
The introduction of a new crypto tax in India (even though is just 1%) has caused the maximum outflow of traders from the country, thus, threatening the sustainability of four major exchanges in the c...
How inflation affects 2023 tax brackets: You may get an unexpected ‘tax cut’
As you probably know, the federal income tax rate brackets, and many other federal tax parameters, are indexed for inflation using a factor based on the monthly average of changes in the chained Consu...
Do Irrevocable Trusts Pay the Capital Gains Tax?
capital gains tax on sale of home in irrevocable trust Investors use irrevocable trusts to protect their assets from creditors, lawsuits and estate taxes. However, when you sell a home in an irrevocab...