Toyota has reached the 200,000-unit cap on electric and plug-in-hybrid vehicles that are eligible for a federal tax credit of $7,500. While the Japanese automaker does have exactly one electric vehicl...
Tag: Tax
EV Tax Exemption And Policy Support Lift Clean Technology Ecosystem
China Last Night KraneShares Key News Asian equities rebounded yesterday, with yesterday’s worst performers among today’s best performers as Taiwan gained +2.51% and South Korea gained +1.84%. China a...
Peter Schiff’s Bank Closed Over Alleged Tax Evasion
Regulators in Puerto Rico issued a cease-and-desist order to a bank that is owned by bitcoin critic Peter Schiff BTC Price at the time of writing – $19,988.88 The bank has been under probe over allega...
Toyota joins Tesla and GM in phaseout of federal electric vehicle tax credits
A Toyota bZ4X on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC Toyota Motor said it sold its 200,000th plug-in electric vehicle during the second quarter, triggering a phaseout ...
Crypto tax deters 83% Indian investors from crypto trading: WazirX report
The implications of what anti-crypto regulations can do to a thriving economy can be seen first-hand unfolding in India. Supporting the massive decline in trading volumes across all Indian crypto exch...
UK consults on crypto tax with particular focus on DeFi
Her Majesty’s Revenue and Customs agency (HMRC) has opened an 8-week tax consultation period for collecting evidence on crypto taxes, and specifically on DeFi activities. HMRC is asking for views on t...
Bitcoin Critic Peter Schiff’s Bank Closed Over Alleged Tax Evasion, Money Laundering
Regulators in Puerto Rico have issued a cease-and-desist order to a bank that is owned by bitcoin critic Peter Schiff, which has been the subject of an international investigation over tax evasion and...
Crypto Tax Automation Platform Koinx Secured a $1.5M Seed Round
On July 5, Koinx, a crypto tax platform focused on providing tax automation for crypto users, announced the completion of financing for $1.5 million in a seed round. In this round of funding, the comp...
California Governor Gavin Newsom Signs New Budget Creating Nation’s First Tax Credit For Union Dues
California State Capitol building getty In the most populous state in the U.S., California, leading politicians often talk about equity, equality, and their efforts to achieve both. Yet a tax break in...
Bitcoin Critic Peter Schiff’s Bank Account Closed Over Alleged Tax Evasion, Money Laundering
Regulators in Puerto Rico have issued a cease-and-desist order to a bank that is owned by bitcoin critic Peter Schiff, which has been the subject of an international investigation over tax evasion and...
India’s crypto tax impacted trading frequency of 83% of traders, says survey
A survey conducted by crypto exchanges WazirX and Zebpay found that 83% of traders believe India’s 30% tax on all cryptocurrency and non-fungible token (NFT) transfers has impacted their trading frequ...
Two Rocky Mountain States Greenlight Crypto Tax Payment Programs
A pair of U.S. states are following through with programs permitting people to make tax payments in cryptocurrency. The revenue departments of Colorado and Utah are introducing programs that will enab...
U.S. states rethinking crypto tax payments amid bear market
U.S. states except for Colorado and Utah are rethinking allowing tax payments due to bear market prices, Bloomberg News reported July 5. While Colorado and Utah didn’t flinch, they have logistical pro...
Cryptocurrency Crash Affects US States Tax Payment Plans via Bitcoin
– Advertisement – The Recent Crash of Cryptocurrencies Puts a Damper on State Attempts to Accept Taxes in Bitcoin. According to a recent report by Bloomberg, two states in the United Sta...
Indian Crypto Trading Volumes Plummet After New TDS Tax Rule Takes Effect – Exchanges Bitcoin News
Cryptocurrency trading volumes across exchanges in India have plunged after the country’s 1% tax deducted at source (TDS) went into effect at the beginning of the month. Some major crypto exchanges sa...
UK Government Consults Investors Over DeFi Tax
Amid the growing uncertainty in the global digital asset market, the U.K government has called for consultation on seeking views on the taxation of Decentralised Finance (DeFi). UK calls for tax consu...
Days Into New Tax Regime, Trading Volumes Tumble Further
Exchanges in India have recorded a drop in trading volumes after the 1% tax at source (TDS) deduction was introduced for crypto assets on July 1, data firms confirmed. Crypto data and research firms N...
Indian Crypto Exchanges See A Huge Blow With New Tax Rules
Alerts from Indian cryptocurrency exchanges that a disputed fresh transaction fee would reduce trade are going to come into reality, with volumes dwindling since the tax went into force. According to ...
Indian Exchanges Volumes Slump Further Following Recent Crypto Tax
In the wake of major Indian exchanges witnessing drastic drops in trading volume since the 30% tax on obtained revenues came into effect on April 1, the industry now encounters additional downward pre...
Indian Crypto Exchanges See Volumes Plummeting 80% Since July 1 Due to New Tax Rules
Effective July 1, the Indian government has started levying a 1% tax at the source (TDS) for trading cryptocurrencies. Just in the last five days, volumes at three major cryptocurrencies – ZebPay, Waz...
India’s 1% tax has dealt a heavy blow to crypto trading volumes
The trading volumes on Indian cryptocurrency exchanges have come under added pressure from the 1% tax that came into effect on July 1. The trading volumes have been on a downward slope ever since Indi...
Romanian Tax Agency to question Crypto Traders in Romania
Total funds of €48.64 million are missing in the account of The tax regulation agency of Romania. The tax regulation authorities reported €131 million in profit from the Romanian crypto market f...
Tax Holidays Will Help Back-To-School Sales
ROLLING MEADOWS, IL – Wal-Mart (Photo by Tim Boyle/Getty Images) Getty Images Back-To-School sales are expected to generate an increase of +5.5%, a major slowdown compared to last year’s steep i...
Crypto tax: Romania’s financial watchdog introduces new regulations
Cryptocurrency trading is risky, but it’s also one of the most profitable ways to make money. Unfortunately, with the volatile nature of digital assets, it can be hard to keep track of all your ...
Tax Agency Starts Checking Crypto Traders in Romania – Taxes Bitcoin News
Authorities in Romania are going after investors who failed to report revenues from crypto trading and pay tax. The offensive is part of efforts to respond to financial trends, the country’s tax body ...
How to Minimize Your Heirs’ Tax Burden on Inherited IRAs and 401(k)s
The stretch-IRA strategy largely went away after the Secure Act of 2019, leaving heirs less maneuverability on taxes. Financial pros have some solutions. Illustration by Barron’s: Dreamstime(5) ...
India’s Crypto Exchanges In Trouble? 1% Tax Keeps Traders Away
Crypto trading volumes in India plummeted this week after the government imposed a long-feared 1% tax on all transactions. Trading volumes in the country’s largest exchanges more than halved in the pa...
Argentina carries out crypto wallet seizures linked to tax delinquents
Argentina’s tax authority has seized more than 1,000 cryptocurrency wallets linked to delinquent taxpayers in the country. According to a report from local media outlet iProUP, courts across Argentina...
Argentinian Tax Agency Ramps Up Digital Wallet Seizures – Bitcoin News
The Argentinian Tax Agency, the AFIP, has ramped up the seizures of digital wallets of taxpayers in the country. The institution managed to seize more than 1,200 digital wallets of taxpayers that had ...
Do You Need to File a Tax Return on Living Trusts?
SmartAsset: Does a Living Trust Need to File a Tax Return? A living trust is a common solution for many people with estate planning needs. However, few people know about its tax-filing requirements. G...