Serica Energy has sought to reassure investors that it can use incentives built into the UK’s new windfall levy on North Sea oil and gas producers to reduce its tax bill, following a steep drop in its...
Tag: Tax
Indian Crypto Holders Face 30% Tax on LUNA 2.0 Airdrop
Indian investors are set to pay 30% tax on LUNA 2.0 tokens received via the airdrop. The country’s tax laws mean that they will also be unable to offset losses against any gains. The country’s strict ...
Biden Administration Considers A Windfall Tax On Oil And Gas Profits
The Biden administration is considering a proposal to tax oil and gas windfall profits to provide a gas subsidy for American consumers struggling with high energy prices, said Bharat Ramamurti, deputy...
Cryptocurrency Tax in India for Certain Transactions Likely To Be Exempted
2 hours ago | 2 mins read Bitcoin News Gifts of crypto will be taxed in the same way as any other asset. Cryptocurrency transactions are taxed at 30 percent under the Finance Act, 2022. The Indian gov...
Chongqing Launches Tax Payment Pilot for Digital Yuan
The Chongqing district in China is to conduct a new pilot for the digital yuan central bank digital currency (CBDC). The pilot will allow taxpayers to make payments in digital yuan. The digital yuan t...
Biden open to canceling $10,000 in student loans per borrower — what that means for your budget, credit score and tax bill
If $10,000 vanishes from your student debt, you may want to celebrate. This is a question millions of student loan holders may be facing soon if President Joe Biden proceeds with a controversial plan ...
Tax Bill On Johnny Depp And Amber Heard Damages Could Be Particularly Ugly
The long-awaited verdict is in, with Johnny Depp coming out on top, but neither of them unsullied in the process. The jury found that Heard defamed Depp, and awarded him $10 million in compensatory da...
Indian Crypto Exchanges Demand Reduction In Tax Deduction at Source (TDS) ⋆ ZyCrypto
Advertisement     CoinDCX Co-founder and CEO Sumit Gupta has once again demanded that the 1% Tax Deduction at Source (TDS) on crypto transactions introduced through th...
CBDT of India Plans to Define NFT Tax Framework to Remove Uncertainties
10 hours ago | 2 mins read Bitcoin News Tokens like NFT are included in the VDA’s definition regardless of their names. The government of India now levies a VAT of 18% on crypto exchange transactions...
From boom to gloom, the crypto investors now unable to pay their tax bill
? Want to work with us? CryptoSlate is hiring for a handful of positions! 2021 was a record-breaking year, as the total crypto market cap hit a high of just short of $3 trillion, with the market leade...
Intuit chief says cryptocurrency traders had difficult tax season: Bloomberg
Intuit Chief Executive Officer Sasan Goodarzi said his prediction that crypto investors would encounter surprise obligations this tax season proved to be true, Bloomberg reported. Many crypto investor...
Tips to claim tax losses with the US Internal Revenue Service
Crypto volatility is nerve-wracking, and it may not be over yet. The turmoil may make crypto investors and crypto-related businesses less enthusiastic than when prices seemed ever to be climbing. With...
UK admits it has no idea how much tax is being evaded through offshore assets
The UK tax authority has admitted it has no idea how much tax is being evaded by UK residents holding money offshore, after new figures revealed hundreds of billions of pounds was held in tax havens. ...
UK Oil Windfall Tax Prompts BP to Review Investment Plans
(Bloomberg) — BP Plc said it will look again at its plans in the UK, raising questions about whether a £5 billion windfall tax on oil and gas profits announced by the government included enough ...
Portugal’s Congress Rejected 2 Crypto Tax Proposals
Assembleia da República – Portugal’s Congress – dismissed two separate bill proposals focused on the taxation of cryptocurrency transactions. The suggestions were introduced by the left-wing parties –...
Portuguese Parliament Rejects Crypto Tax Proposals During Budget Debate – Taxes Bitcoin News
Two proposals to tax crypto assets have failed to gain support from Portuguese lawmakers who are now discussing the state budget. The bids came from minority left-wing parties, while the ruling majori...
No Tax Amnesty for Russian Crypto Miners as Lawmakers Withdraw Proposal – Coinotizia
A new draft law has replaced an earlier bill introducing a one-year tax and customs amnesty for cryptocurrency miners in Russia. The initial proposal has been withdrawn on the grounds that the tax bre...
Russia’s updated crypto mining bill cuts tax amnesty for Bitcoin miners
In less than a month, the draft of a crypto mining bill in the Russian parliament has lost several key points, such as the obligation for mining operators to join a special registry and a one-year tax...
Still missing your tax refund? You’ll soon receive 5% interest
Bill Oxford | E+ | Getty Images If you’re still waiting for a tax refund, there’s a silver lining: it may be accruing interest, and the rate jumps to 5% from 4% on July 1, according to the...
Tax breaks aren’t prime reason for high-net-worth philanthropy
Maria Teijeiro | OJO Images | Getty Images Tax breaks aren’t the primary incentive for philanthropy among the ultra-wealthy, according to BNY Mellon Wealth Management’s inaugural Charitabl...
Terra Do Kwon Faces Fraud Lawsuits From Investors And $78M Tax Evasion Fine
As the Terra saga continues to unfold, the project’s founders have become the target of the crypto industry’s ire. In the aftermath of Terra’s catastrophic failure, South Korean investors are currentl...
How To Deal With The Estate Tax
Close up of estate tax return getty Should you file a federal estate tax return for your spouse’s estate even though the value of his or her assets is less than the estate tax exemption? For answers, ...
Large Crypto Losses May Not Become Instant Tax Write-0ffs, But Here’s What You Can Do
Tired businesswoman in the office getty What Happened The recent crypto market downturn and the upcoming recession fears have led many investors to sell their cryptocurrency positions at huge losses t...
Portugal Set To Prepare Crypto Tax Rules Contrary To Crypto Tax Haven Perceptions ⋆ ZyCrypto
Advertisement     The rise in crypto adoption has brought taxation, sometimes even before the government forms clear rules to protect users in the space. Long regarded...
LUNA remains most trending crypto despite total crash and founder’s $78 million tax evasion fine
Last week, Terra (LUNA) suffered a complete and utter implosion; however, investors continue to trade the token despite its enormous fall, which saw the price of LUNA lose its value by 99%, plummeting...
Pakistan Can Generate $90 Million Annually if It Introduces a 15% Tax on Crypto Transactions – Emerging Markets Bitcoin News
Pakistan can generate tax revenues of at least $90 million each year if authorities impose a 15% tax on cryptocurrency transactions, an executive with a cryptocurrency exchange has said. 15% Crypto Ta...
More Troubles for Do Kwon as S. Korea Levies $78M Tax Evasion Fine
Terraform Labs is currently being charged with tax evasion fraud by the South Korean National Tax Service, a move that complicates matters for the startup that is trying to salvage its collapsed block...
South Korean watchdog reportedly fines Terraform Labs $78M for tax evasion
Terraform Labs and co-founder Do Kwon continue to attract more legal trouble in the wake of the collapse of the Terra ecosystem. After early reports of a possible congressional hearing and an investig...
South Korea Slams Terra’s Do Kwon With $78M Fine for Tax Evasion: Report
South Korea’s National Tax Service has reportedly ordered Terraform Labs, its co-founder Do Kwon, and other executives to pay a 100 billion won ($78 million) fine for tax evasion penalties. The Genesi...
Opinion: This plan to tax the ultrarich is much simpler and better than Biden’s idea
President Joe Biden and Senate Finance Committee Chair Ron Wyden (D-OR) have proposed different ways to tax unrealized capital gains every year. Their shared goal is understandable, with trillions of ...