Authorities in Romania have conducted more than a dozen raids against people suspected of hiding income from cryptocurrency operations. The searches took place in late 2022 following an earlier invest...
Tag: Tax
The IRS just warned that your tax refund could be ‘smaller in 2023’ — here are the 2 big reasons why and what you should do to respond
The IRS just warned that your tax refund could be ‘smaller in 2023’ — here are the 2 big reasons why and what you should do to respond The confetti’s cleared and the champagne glasses are ...
MicroStrategy Pursues Long-Term BTC Strategy: Employed Short-Term sale for Tax Benefit
MicroStrategy sells some of its BTC for tax benefits. Sold nearly 704 BTC at the then rate of $16,776. They have previously vouched never to sell. Microstrategy continues to love Bitcoin, even though...
UK Tax Deadline Could Affect You, Here’s How
One of America’s most famous and enduring idioms came from the founding father, Benjamin Franklin. Whilst ruminating on his new country’s constitution, he hoped it would be durable. “But, in this worl...
Shell warns of a $2.0 billion tax hit in the current quarter
Shell plc (LON: SHEL) is in focus on Friday after it said the new levies in European Union and the United Kingdom could result in a $2.0 billion tax hit in its fourth quarter. Shell to report Q4 resul...
Italy crypto tax: the new 2023 budget law
A few days ago, the Parliament in Italy approved the Budget Law 2023, in which among other things a new tax system for crypto has been introduced. The issue is very technical and, as is often the cas...
U.S. Businesses Face Higher Federal Tax Bills In 2023 Coupled With State Tax Relief
Federal tax hikes on U.S. businesses take effect at the beginning of 2023, the same time when many … [+] state-level business tax cuts kick in. getty The new year brings higher federal tax burde...
Indians Moved Over $3.8B to Foreign Exchanges Since Crypto Tax Rules
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
Are Home Improvements Tax Deductible?
are home improvements tax deductible If you’ve spent a sizable amount of money improving your residence, you may understandably be looking for ways to offset those costs and find yourself wondering if...
Harvard Kennedy School professor proposes to tax crypto over environmental damage
As 2023 begins, Bitcoin and other cryptocurrencies continue to be a hot subject of controversy due to the considerable attention they have received about their potential negative environmental impacts...
India’s crypto tax could cause CEXs to lose $1.2T trading volume by 2026
Indian crypto exchanges lost around 97.1% of their trading volume between January and October 2022, according to recent research. The report by Indian technology policy think tank Esya Centre studied ...
U.K.’s Government Imposes Tax Breaks For Foreigners Investing In The Asset Class Using Local Investment Managers ⋆ ZyCrypto
Advertisement     Foreigners investing in digital currencies in the U.K. are now exempt from paying taxes. The new rule is only applicable if foreigners buy virtual cu...
As 2023 Dawns, Guidance On The Technology-Neutral Tax Credit Under The Inflation Reduction Act (IRA) Is Needed
Rep. Sean Patrick Maloney (D-NY) stands silently during a press conference on the the Inflation … [+] Reduction Act at Glynwood Boat House on August 17, 2022 in Cold Spring, New York. Getty Imag...
Heavy-Handed Crypto Tax in India Hurting Government Revenue
India’s heavy-handed crypto tax regulations have driven users to international exchanges, according to a non-profit policy think tank report. In its report, Esya discussed the effects of the 30% tax o...
Tax attorney breaks down the MicroStrategy Bitcoin sale
Business intelligence firm MicroStrategy made headlines ahead of New Year’s Eve as the sale of a portion of its Bitcoin (BTC) holdings drew the attention of industry experts and critics. A regulatory ...
Italy approves 26% capital gains tax on cryptocurrencies
On Dec. 29, 2022, days before the year’s end, Italy’s Senate approved its budget for 2023, which included an increase in taxation for crypto investors — a 26% tax on capital gains on crypto-asset trad...
Crypto Tax Break For Foreigners In UK, Crypto Daily TV…
In Todays Headline TV CryptoDaily News: UK enforces crypto tax break for foreigners The U.K. is enforcing a tax exemption for foreign investors purchasing crypto through local investment managers or b...
How to Calculate Your Marginal Tax Rate
how to calculate marginal tax rate Marginal taxation systems like the U.S. federal income tax system increase the percentage of income owed to taxes as a taxpayer’s income increases. There are seven i...
UK Enforces Crypto Tax Exemption for Foreign Investors
In its latest effort to become a global cryptocurrency hub, the United Kingdom has introduced a tax exemption for non-residents and foreign investors. The exemption applies when users purchase digital...
4 Smart Ways to Avoid Depreciation Tax on Rental Property
SmartAsset: How to avoid depreciation tax on rental property It can pay to be a responsible rental property owner. For instance, if you’re always investing in your rental property and making improveme...
United Kingdom implements crypto tax exemption for foreign investors
The UK has extended a crypto tax break for foreign investors who buy crypto using local brokers. The move is in line with PM Sunak’s vision to turn the UK into a crypto hub. Crypto investors from aro...
5 tax, investment changes that could boost your finances in 2023
1. Bigger contribution limits on retirement accounts If you’re eager to boost your retirement savings, there’s good news for 2023: higher contribution limits for your 401(k) and individual...
Italy has introduced a 26% tax on crypto gains
Under a new budget bill that received approval from the Italian parliament just last week, cryptocurrency dealers in Italy would be subject to a capital-gains tax of 26% beginning in the year 2023. Th...
Italian Parliament Approves 26% Tax for Cryptocurrency Gains in 2023 Budget Law – Taxes Bitcoin News
The Italian Parliament has introduced a 26% capital tax on cryptocurrency gains as part of the 2023 budget law, which was approved on Dec. 29. The document also offers incentives for taxpayers to decl...
UK Enforces Crypto Tax Break for Foreigners Using Local Brokers
The U.K. is enforcing a tax exemption for foreign investors purchasing crypto through local investment managers or brokers starting Sunday. The tax break, announced in December, is a part of Prime Min...
Here’s How Crypto Traders are Converting Worthless NFTs into Tax Breaks
Crypto traders are converting worthless NFTs into tax breaks. They’re using a service started just for that purpose. Others are taking advantage of IRS tax loopholes for tax breaks on their losses fro...
U.K. activates new crypto tax policy to encourage foreign investment
Effective Jan.1, 2023, the U.K. will offer tax relief for crypto foreign investors who purchase digital currencies via regulated brokers and investment managers. This is as the region takes concrete s...
NFT Investors Offset Tax Losses Through Unsellable
Several NFT investors have found a new means to recoup their losses on their worthless digital assets through services being provided by Unsellable. The platform has polarized the crypto community, wh...
Fund a Roth 401(k) if You’re in a Low Tax Bracket. Here’s Why.
If you’re not earning big bucks this year, consider saving money in a Roth 401(k) instead of a traditional 401(k). Roth contributions make sense when your current tax rate is less than your rate in re...
Opinion: Roth IRA conversions: Take advantage of this limited-time offer to save on taxes
No one likes taxes, but everyone loves a sale. So the idea of a major blowout on Roth conversions in 2023 — a limited time offer, no less — might make it enticing to pay taxes now to avoid them in the...