In a move that is perhaps a bit of a surprise, India has announced that it will subject all income from cryptocurrency transfers to the 30% tax rate, the highest in the Indian tax regime Cryptocurrenc...
Tag: Taxation
India shows no sign of banning crypto, introduces Taxation: indicates Finance Minister
High taxes would be charged on transfers and remittances through the digital assets. Indian Budget 2022 is here; finally, virtual digital currencies and CBDCs got some space into the picture. High tax...
Thailand halts crypto taxation plans
TL;DR Breakdown • Binance plans to operate in Thailand if the government eases its crypto regulations.• The country in Asia seeks to take advantage of crypto-mining. After negotiations with national r...
Thailand Presents More Relaxed Plans for Cryptocurrency Taxation: Report
The Asian country has dabbled with what sorts of tax it should put on cryptocurrency mining, trading, and transacting for months. However, the Financial Times reported that the authorities had ultimat...
Fed rate hikes are coming — how to tackle your savings, mortgage, car payments and credit-card debt in advance
Wall Street investors and Washington D.C. lawmakers are closely listening to what Federal Reserve Chairman Jerome Powell says Wednesday about the central bank’s next steps in its fight against decades...
Opinion: Thankfully, the Fed has decided to stop digging, but it has a lot of work to do before it gets us out of hole we’re in
NEW HAVEN, Conn. (Project Syndicate)—The Federal Reserve has turned on a dime, an uncharacteristic about-face for an institution long noted for slow and deliberate shifts in monetary policy. While the...
Crypto taxation could deter investors, says Thai ruling party MP
Thailand’s Committee on Monetary Affairs, Finance, Financial Institutions and Financial Market conducted a virtual meeting to discuss various aspects of crypto taxation. The ruling party MP Watanya Wo...
The Income Taxation Of Creators, Investors, Dealers And Collectors Of NFTs
NFT text, written on a notebook with calculator,pen on officebackground. getty The creative process of individuals, and the medium through which a Creator works, is constantly expanding, including dig...
Puerto Rico to Become a Prefered Destination for Crypto Investors, Establishing Friendly Taxation and Island Lifestyle
Under Act 60 or the Individual Investors Act, non-Puerto Rican residents get exempted from paying capital gains for investments realized. This is one of the factors attracting crypto investors, mostly...
Thailand Government Disperses Confusion Surrounding Cryptocurrency Taxation
Before now, some countries have mapped out some crypto taxes for transactions on cryptocurrency assets within their jurisdiction. Thailand is one of the countries that proposes some taxation plans. As...
Thailand’s Former SEC Chief Opposes Possible Crypto Taxation: Report
Tipsuda Thavaramara – former Deputy Secretary-General of Thailand’s Securities and Exchange Commission (SEC) – disagreed with the government’s intentions to impose a 15% capital gains tax on cryptocur...
‘Not all the money belongs to you’: Self-employed? Avoid these mistakes when filing your 2021 taxes
More Americans are becoming their own boss as the “Great Resignation” continues. Now they’ll have to resign themselves to the fact that their tax situation is likely going to become more complicated. ...
The IRS will ask every taxpayer about crypto transactions this tax season — here’s how to report them
Cryptocurrencies, also known as virtual currencies, have gone mainstream. That’s for sure. For example, you can use bitcoin BTCUSD, -0.21% to buy a Tesla TSLA, -6.75% and to buy or pay for lots of oth...
Charles Hoskinson Criticizes US Crypto Taxation System, Mocking Crypto Projects with Dirty Titles
Yuri Molchan Cardano founder is criticizing the US system of taxing crypto, also mocking cryptocurrency projects with titles related to sex Contents Tax deduction CumRocket profit gains invested in NF...
Opinion: The party’s over: The Fed and Congress have pulled their support from workers and investors
Even as the government reports the fastest economic growth in nearly 40 years, the historic gains in income and wealth that inflated the economy in 2020 and 2021 are fading fast. The air is coming out...