Advertisement     Indian crypto tax policy has become the talk of the town for crypto investors and exchange providers in recent weeks. In just one week, Indians will ...
Tag: Tax
India Imposes 30% Crypto Tax, But Politicians Are Fighting Back
Key Takeaways A new finance bill has passed a vote in the upper house of the Indian Parliament. The bill enforces a 30% tax on crypto trading profits and a 1% tax of all crypto transactions. Several m...
India Passes Stiff Crypto Tax Laws Despite Industry Uproar
Asked if that meant the industry had failed to educate the government through all the consultation efforts that took place in the previous weeks and months and Thakral explained that this is “just how...
57% of U.S. households paid no federal income tax in 2021: Study
More than half of American households paid no federal income tax last year due to Covid-relief funds, tax credits and stimulus, according to a new report. The nonpartisan Tax Policy Center estimates t...
India’s new tax policies could prove fatal for crypto industry
Indian crypto tax policy has become the hottest topic for Indian crypto traders and exchange operators as it is set to become law on March 24 and will come into effect starting on April 1. The propos...
How to avoid a 6-figure tax penalty on foreign bank accounts
Chuyn | Istock | Getty Images Whether you’re an expat or U.S.-based, you may need to report your foreign accounts to the U.S. Department of the Treasury by April 15 — or face costly tax penaltie...
Florida governor announces plans to accept crypto in tax payments
The governor of Florida, Ron DeSantis, is adopting the use of Bitcoin (BTC/USD) in the state. The governor is also primed to be the next presidential candidate for the 2024 US presidential elections u...
India’s Proposed Crypto Tax Rules May Become Law
India’s proposed crypto tax rules may into law tomorrow through parliament. According to a report by CNBC on February 3, Ashish Singhal, CEO of cryptocurrency exchange CoinSwitch, said that Indi...
Proposal for crypto tax policy in India will go to parliament on March 24
A tax proposal on crypto from India’s Finance Minister Nirmala Sitharaman may be closer to becoming law as the country’s lower house of parliament is scheduled to consider the legislation on Thursday....
What Is an IRS Tax Transcript and How Do I Request One?
Do you need information from a tax return you filed three years ago because you’re making a major purchase and the lender wants to see your tax history? Maybe you need to provide your adjusted g...
States With The Highest And Lowest Gasoline Tax
LOS ANGELES – DECEMBER 19: The Wilmington ARCO refinery is seen before dawn December 19, 2003 in … [+] Los Angeles, California. Crude oil prices have reached the highest level since before...
Florida Governor DeSantis Says Sunshine State Working on Accepting Bitcoin for Tax Payments: Report
Governor Ron DeSantis of Florida says his state is drawing up plans to allow businesses to pay their tax bill with crypto assets. According to a new report by Bloomberg, DeSantis said that the state w...
India’s Crypto Industry Fears Proposed Tax Rules Will Increase ‘Brain Drain’
“For short-term investors who are into day trading, margin trading, arbitrage trading, the 1% TDS becomes infeasible. The majority of the population is still waiting on the fence, once we see the bill...
Florida Governor Confirms the State will Accept Tax Payments in Bitcoin (BTC) – crypto.news
Ron DeSantis, the Governor of the US state of Florida says the state is working toward accepting tax payments in bitcoin (BTC). Florida to Embrace Crypto Tax Payments DeSantis spoke during the signing...
UK announces urgent fuel tax cut to fight cost of living crisis
Chancellor of the Exchequer Rishi Sunak leaves 11 Downing Street to announce the Treasury’s one-year spending review in the House of Commons in London, England, on November 25, 2020. David Cliff...
Florida Governor Reveals Plan to Permit Crypto Tax Payments
Speaking at a press conference, Florida Governor Ron DeSantis disclosed plans to roll out a cryptocurrency payment option for businesses remitting taxes, as reported by Bloomberg. DeSantis pointed ou...
OECD opens proposal on tax transparency framework for crypto to public comment
The Organisation for Economic Cooperation and Development, or OECD, has suggested additional requirements on reporting crypto transactions and identifying users aimed at increasing transparency for gl...
Florida governor says the state will accept bitcoin for tax payments
advertisement Florida Governor Ron DeSantis says he’s taking steps to enable firms to pay taxes in cryptocurrencies. DeSantis’s comments came during the signing of a financial literacy cur...
OECD solicits public comments on draft proposal for crypto tax rules
The Organization for Economic Cooperation and Development (OECD) is looking for input on a new proposal for crypto tax rules. The OECD is an intergovernmental organization encompassing 38 member natio...
OECD Proposes New Global Crypto Tax Reporting Rules
Key Takeaways The Organization for Economic Co-operation and Development has released a document revealing a reporting framework designed to overhaul how tax authorities share information related to c...
Indian Crypto Industry Mulls Supreme Court Move as Tax Break Expectations Disappear
Earlier this year, Indian Finance Minister Nirmala Sitharaman had announced a 30% capital gains tax on crypto, a 1% tax deducted at source (TDS), no offsetting of losses, and taxes on gifts too. There...
India Complicates Its Crypto Policy, Will Tax Profits From Different Crypto Assets Separately
India doesn’t seem to be offering a friendlier environment for crypto investors in the country. In February 2022, India introduced a harsh 30% tax on profits derived from trading crypto assets. Clarif...
Indian crypto tax policy to treat each digital asset investment independently
Indian crypto tax policy became even more complicated just a week before the new tax laws are set to come into effect. A new parliamentary note answering queries about the new tax policies on virtual ...
Indian Government Reveals How It Plans to Tax Cryptocurrency Transactions – Taxes Bitcoin News
India’s ministry of finance has clarified in parliament how the government plans to tax cryptocurrency transactions. A proposed new section to the Income Tax Act states that gains from crypto transact...
Crypto Miners To Pay Flat 30% Tax: Indian Govt
After imposing a 30% tax on Cryptocurrency earnings, the Indian government dropped another shocker for the investors. Answering the queries, the Ministry of Finance clarified that loss incurred from t...
Capital Gains Tax: Definition, Rates & Calculation
If you make money from just about any source, you’re likely to find Uncle Sam nearby. It’s true of money you earn from a job, and it’s true of money you earn from investments –...
DAOs Make This Australian Senator Edgy, Calls Them ‘Existential Threat’ To Tax Base
Decentralized autonomous organizations, or DAOs, make some people uncomfortable. Especially this Australian lawmaker. Australian Senator Andrew Bragg kicked off the Australia Blockchain Week (ABW) con...
Australian Senator: DAOs an ‘Existential Threat’ to Tax Base
Decentralized autonomous organizations (DAOs) pose an “existential threat to the tax base” since they are recognized as partnerships and as such are not liable to company tax, according to Australian ...
This Week [In] Crypto – PoW Ban Rejected and a New Crypto Tax Haven?
This Week [In] Crypto brings you news about a new crypto tax haven for investors, more NFT integrations, and a wild price prediction for Bitcoin (BTC) from March 14 to 20. Don’t forget to subscribe to...
India to Start 30% Tax on Crypto Earnings Starting April 1
Beginning April 1 this year, cryptocurrency and virtual assets earnings In India will pay 30% tax, Central Board of Direct Taxes (CBDT) chairman JB Mohapatra said. The CBDT chairman said the proposed ...
OECD Calls for Public Comments on Impacts of Crypto Tax Reporting
The Organisation for Economic Cooperation and Development (OECD) has called for additional requirements to the current model for which cryptocurrency-focused transactions are reported to the appropria...