ATLANTA — Todd and Julie Chrisley, stars of the reality television show “Chrisley Knows Best,” were found guilty Tuesday in Atlanta on federal charges including bank fraud and tax evasion. The Chrisle...
Tag: Taxation
LUNA 2.0 airdrop attracts taxation of up to 30% in India
The LUNA 2.0 tokens obtained through the airdrop would be subject to a 30% tax in India. In addition, Indian crypto investors will be unable to offset losses with profits due to the country’s ta...
Germany Is Ending Most of Its Crypto Taxation
The European nation of Germany has announced some major news for crypto holders. The country has stated that all traders and crypto fans who hold their tokens for more than a year will not be made to ...
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 ...
Portuguese Parliament Votes Against Bitcoin Taxation Bill – crypto.news
The Portuguese Parliament has voted against two new crypto taxation proposals floated by members of minority left-wing parties Bloco de Esquerda and Livre. The bill was rejected during the country’s 2...
Pakistan ready for new crypto taxation
In Pakistan, a proposed law would like to introduce a taxation of at least 15% on profits from cryptocurrency trading. The tax would bring around $90 million into the state coffers. Pakistan and the n...
Indian Crypto Industry Reps Call for Reduction in Certain Taxation Rules Indian Crypto Industry Reps Call for Reduction in TDS
The call for reducing Tax Deduction at Source (TDS) on crypto transactions is intensifying among the crypto ecosystem players in India. A TDS of 1% on virtual digital assets has been approved by the U...
Australian Taxation Office to Focus on Capital Gains From Crypto Assets – Taxes Bitcoin News
The Australian tax agency has listed crypto-related profits among several priority areas where more efforts are needed to ensure correct reporting. The authority has reminded taxpayers they need to ca...
Portuguese government to establish cryptocurrency taxation soon
The crypto community seems to be having a difficult time finding a slack. More negative headlines, particularly for investors in Portugal, have emerged after the disastrous market meltdown. Portugal, ...
Australia to Focus on Crypto Taxation This Year
The Australian Taxation Office (ATO) announced Monday that it will focus on digital assets this year as it expects to see more Aussies report capital gains or losses in their tax returns. Aussies Are ...
Australian Taxation Office to Crackdown on Capital Gains, Targets Crypto and NFT Sellers
Per the Australian Taxation Office, if people disposed of cryptocurrency assets within this financial year, they would have to calculate their capital gain or capital loss and report it in their tax r...
How do higher mortgage rates help shrink inflation? Here’s an explainer.
The Federal Reserve yanked a short-term interest rate higher this week, making it more expensive to borrow money to buy a home or fix it up. The central bank raised the federal funds rate last week by...
How high can the Fed hike interest rates before a recession hits? This chart suggests a low threshold.
The days when the Federal Reserve could raise its benchmark interest rate significantly above 5% without sparking a recession may be a thing of the past, according to Wells Fargo Investment Institute....
India eyes 20% taxation on DeFi gains
According to a report from The Economic Times, India is looking to extend its crypto taxations to include gains made from decentralized finance (DeFi) activities. 20% tax on DeFi The report, citing pe...
Bitget Enters India Amidst Crypto Taxation Policies
Bangalore, India, 28th April, 2022, Chainwire Bitget, the leading derivatives exchange, has announced its entry into India in order to provide a secure, and compliant platform for trading crypto futur...
Saudi Royals Are Selling Homes, Yachts and Art as Crown Prince Cuts Income
RIYADH, Saudi Arabia—Saudi princes have sold more than $600 million worth of real estate, yachts and artwork in the U.S. and Europe since the kingdom’s de facto ruler tightened the purse strings of th...
‘The issues with the IRS are still present and very real’: Millions of Americans are racing to file their tax returns, and filing extensions
Tax Day came and went earlier this week, so if your upcoming weekend plans are just chilling after the last-minute tax time bustle, you might have company. April 18 marked the deadline in most states ...
‘I’m already feeling guilty’: My uncle is leaving me a large inheritance, but excluding my siblings. Should I gift them money every year, or set up a trust?
Dear Quentin, I am soon to inherit a sizable sum of money from an uncle with whom no one in my family still speaks; I’m the only one who has stayed in contact with him. While it seems a bit grotesque ...
The Right Tax Treatment of Staking Rewards Is Clear: Taxation Only After Sale
This treatment is intuitive with respect to created property. We paint pictures, grow crops, mine raw materials, process raw materials into useful commodities, write essays and engage in countless oth...
Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament – Taxes Bitcoin News
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the...
You Made $700 From an Online Side Hustle. Now the IRS Will Know.
Now that your 2021 taxes are done—or at least under way—it’s time to focus on a key tax change for 2022 affecting millions of Americans making money through platforms like eBay , Etsy , Airbnb , Venmo...
How to Handle the Taxes on the AT&T Spinoff of Warner Bros.
Text size The Warner Bros. Studios in Burbank, Calif. AT&T shareholders have received a 0.242 share of Warner Bros. Discovery for each AT&T share. Photographer: Bing Guan/Bloomberg Bing Guan/B...
Here’s Another Reason to Do a Roth IRA Conversion. Your Heirs Will Thank You.
Dreamstime Text size If you’re planning to leave a tax-deferred account to your children, you may be able to save them a lot of money by doing Roth conversions while you’re alive. Suppose you have a ...
Three things to take care of when you retire—your future self will thank you for it
After a working lifetime of alarm clocks and meetings, you might be looking forward to a lot more unstructured time once you retire. But taking care of one more to-do list early on can set you up for ...
Beginning Around 2023 Rio de Janeiro Will Accept Cryptocurrency For Taxation Payments
Brazil’s central bank is hard at work developing its own digital money. The central bank chose proposals from Visa and Santander earlier this month to test the potential of building a CBDC. In t...
Crypto Assets Taxation: Indonesia ready to collect VAT and income tax
TL;DR Breakdown Indonesia has continued to complete the legislative process to implement a tax on crypto assets. The latest update about Indonesia’s crypto taxation tells of VAT and income tax applica...
Defense Stocks Rose With the Ukraine War. Then a Tight Proposed Budget Set Them Back.
Elias Stein Text size Defense stocks took a surprising blow after a proposed defense budget was released last week. The Biden administration asked Congress for $773 billion to fund defense for fiscal ...
Former Indian chief minister likens crypto to gambling, calls for higher taxation
A former Indian chief minister said “crypto is gambling” and urged the government to raise the taxes imposed on virtual assets. “Crypto is gambling. It is a form of lottery, a form of horse racing… Wh...
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 ...