US President Biden delivers remarks on efforts to lower high gas prices in the South Court Auditorium at Eisenhower Executive Office Building June 22, 2022 in Washington, DC. Jim Watson | AFP | Getty ...
Tag: Tax
Biden Proposes Gas Tax Suspension. That’s Not Why Oil Prices Are Falling.
Text size Crude prices fall as the Biden administration takes more steps to try to lower gasoline prices. Mario Tama/Getty Images Oil prices were falling Wednesday as President Joe Biden prepared to a...
Indian ministerial panel to convene next week to discuss tax on crypto transactions
An Indian ministerial panel is set to get together next week to explore the possibility of imposing a goods and services tax on cryptocurrency transactions. The panel, comprised of finance ministers f...
Biden Calls On Congress To Approve Three-Month Gas Tax Holiday
Topline President Joe Biden called on Congress to suspend the federal gas tax for three months early on Wednesday, a move that the White House hopes will help ease some of the pain caused by high gas ...
Why A Gas Tax Holiday Probably Won’t Work
NEW YORK, NEW YORK – JUNE 01: A man fills up his motorcycle at a Manhattan gas station on June 01, … [+] 2022 in New York City. New York has suspended its gasoline tax beginning today for ...
How Much Tax Do You Pay on a Roth IRA Conversion?
You can shift money from a tax-deferred individual retirement account (IRA) into an after-tax account—but how much tax do you pay on that Roth IRA conversion? And does it always make financial sense t...
South Korea’s Crypto Tax Delayed Until Jan 2025
Crypto tax on digital assets in South Korea will be delayed by another two years, according to an announcement from the Ministry of Economy and Finance tax policy chief Ko Kwang-hyo. Originally the 20...
South Korea Delays Crypto Tax By 2 Years
The 20% taxation on digital assets in South Korea that was supposed to be levied from 2023 has been delayed by another two years. Tax Announced Back In 2020 Before the announcement of the 2-year dela...
South Korea Holds Up Tax Imposition
Editors News 20% tax on crypto profit delayed for 3 more years. The tax implication scheduled for 2022 has been postponed to 2025. On Thursday, fiscal chief Ko Kwang-Hyo of the Ministry of Economy and...
Terra Founder Do Kwon Facing Investigation on Tax Fraudulent
51 seconds ago | 2 mins read Editors News The Do Kwon fraudulent investigation began. Kwon was discovered to have stolen revenue by avoiding 50 billion won ($39 million) in taxes. Do Kwon is being inv...
Terra’s Do Kwon Is Being Investigated for Tax Fraud
Key Takeaways South Korean prosecutors are investigating Terraform Labs CEO Do Kwon for tax evasion, according to local reports. The prosecution recently conducted a search and seizure of the Seoul Re...
Crypto Tax is Blessing in Disguise for Investors: Indian Exchange CEO
Crypto investors were lucky, according to Nithin Kamath, the founder and CEO of Bengaluru-based digital trading startup Zerodha, because of TDS and taxes declared on cryptocurrency. The unicorn’s CEO ...
CEOs of GM, Ford and others urge Congress to lift EV tax credit cap
The all-electric Chevrolet Silverado at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC DETROIT – The CEOs of General Motors, Ford Motor, Chrysler parent Stellantis and Toyota Motor North Am...
Coin Center Sues IRS For Unconstitutional Tax Reporting Rules
Coin Center, a Washington DC-based Not-for-Profit organization with a focus on crypto policies, has filed a lawsuit against the United States Treasury and the Internal Revenue Service (IRS) for a tax ...
Coin Center Sues U.S. Treasury for Unconstitional Amendment to Tax Bill
Blockchain advocacy group Coin Center filed a lawsuit on Friday against the U.S. Treasury Department and the IRS for allegedly drafting an unlawful amendment to the controversial infrastructure bill. ...
South Carolina Lawmakers Reach Deal To Cut Income Tax For Millions Of People & Thousands Of Small Businesses
The South Carolina State House getty Governors and lawmakers in 14 states enacted income tax relief last year and eight states have already approved income tax cuts so far this year. South Carolina is...
Coin Center Sues US Treasury Over ‘Unconstitional’ Tax Reporting Rule
The requirement, which will take effect in 2024, requires U.S. taxpayers who receive over $10,000 in cryptocurrency to report the social security numbers and other personal information of the sender. ...
SEC’s Reign Might End If Senate Bill Passes, May Allow $200 Tax Exemption
CFTC is becoming a strong contender for SEC to replace the regulatory authority as the major crypto regulator. There is a possibility that this bill might offer a tax exemption for capital gains under...
Declare the Side Hustle — Americans Are Concerned About the 1099-K Tax Rule for Payments Over $600 – Taxes Bitcoin News
Americans are worried about a new tax reporting requirement that will force applications like Venmo, Cash App, Paypal, Airbnb, and Ebay to send 1099-K forms to users. The U.S. Internal Revenue Service...
Crypto Tax TDS Percent in India Rectified After Typo on Income Tax Website
4 hours ago | 2 mins read Altcoin News Several cryptocurrency platforms and investors took to social media to debate the issue. As of July 1, 2022, a 1% TDS will be applied to virtual digital assets. ...
Chrisleys Are Convicted Of Tax Evasion & Bank Fraud, Don’t Know Best
Todd and Julie Chrisley were indicted in August 2019 on a raft of a federal tax and bank charges, and a new indictment was filed in February of 2022. They were just convicted of all charges by a jury ...
Senate Bill Would End SEC’s Oversight of Most Crypto, Create $200 Tax Exemption
The Security and Exchange Commission would lose its authority to regulate a broad swath of the crypto market, including the 200 most valuable cryptocurrencies, under a bipartisan bill unveiled on Tues...
How The Flat Tax Revolution Of 2022 Was Sparked In North Carolina
Raleigh, North Carolina getty A reporter for WUNC — the NPR member station covering Raleigh, Durham, and Chapel Hill — referred to North Carolina as the “Rip Van Winkle State” during the June 3 episod...
Australia’s Gold Coast Mayor Tom Tate Recommends Crypto for Tax Payments – crypto.news
Australia’s Tom Tate has suggested that Gold Coast residents could pay their taxes in bitcoin and other cryptoassets in the near future. Tate says he thinks crypto volatility is not ‘that bad,’ and in...
Australian mayor suggests crypto as tax payment option
? Want to work with us? CryptoSlate is hiring for a handful of positions! Gold Coast Mayor Tom Tate has said residents could pay taxes and rates with cryptocurrency in the future, even as critics and ...
Indian investors To Pay 30% Tax On LUNA 2.0 Airdrop
When the algorithmic-stablecoin project failed, Terra investors worldwide lost billions of dollars. But a new token was distributed as compensation, “Luna 2.0”. As a result, they could recoup a small ...
Indian Terra investors facing 30% tax on LUNA 2.0 airdrop despite losses
? Want to work with us? CryptoSlate is hiring for a handful of positions! After losing millions to Terra’s crash, Indian investors who have recovered part of their losses through the LUNA 2.0 airdrop ...
Luna 2.0 Airdrop Exposes Investors in India to Tax Burdens (Report) Luna 2.0 Airdrop Exposes Indian Investors to Tax Burdens
The crash of Luna and TerraUSDT and the launch of Luna 2.0 have unleashed a wave of taxation issues for investors in India. While the Terraform Labs team has worked out a recovery plan and launched Lu...
Gold Coast Mayor Proposes Allowing Bitcoin for Property Tax Payments
The mayor of Australia’s Gold Coast has suggested that citizens should be allowed to pay their property taxes in bitcoin. Mayor Tom Tate has said that it would send a positive signal to younger ratep...
Indian Terra Holders Worst Hit By Crash As Airdrop Faces 30% Tax
Terra’s algorithmic stablecoin, USTC collapse has left a massive dent in the global cryptocurrency market. Its investors lost billions of dollars in the recent crash. However, in order to cut the loss...