IRS Finalizes Crypto Tax Reporting Regulations for Brokers
The US Internal Revenue Service (IRS) has finalized its long-awaited crypto broker reporting rules, aiming to improve tax collection in the burgeoning digital asset…
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Japan is planning to reduce the 30% tax on crypto revenues
As of now, crypto issuers in Japan must pay a corporation tax rate of 30% on their assets, regardless of whether or not they have made a profit from selling them.
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Italy will begin taxing cryptocurrency earnings at a rate of 26%
Starting in 2023, Italian crypto investors will be subject to a 26 percent capital gains tax. Under the new rule, cryptocurrency owners will have to be clear about…
India imposed heavy taxes on cryptocurrencies
India's financial year 2022 budget will include a "cryptocurrency tax." Nirmala Sitharaman, the Finance Minister, has proposed a 30% tax on all income from digital…
Tax Officials Raid India’s Top Cryptocurrency Trading Providers
Tax officials raided India's top cryptocurrency trading providers on suspicion of alleged tax evasion.Indian tax authorities have raided the offices of top…
WazirX Evaded Rs 40.5 Crore In GST, Alleges GST Department
The GST department is investigating cryptocurrency exchange WazirX for allegedly avoiding tax of Rs 40.5 crore. In the late evening of Thursday, the tax authorities…
Pro-Bitcoin Senator Will Introduce a Comprehensive Crypto Bill in the US
Senator Cynthia Lummis, a pro-bitcoin Democrat, is allegedly planning to introduce a broad cryptocurrency bill that will address everything from how cryptocurrency…
Elon Musk Will Pay An Estimated $11 Billion In Taxes
Elon Musk, one of the wealthiest persons on the planet, will also have to pay the highest taxes in history. According to what he just declared on Twitter, it will…
FTX CEO: Billionaires Should Pay More Tax
The FTX CEO believes that billionaires should pay more tax as they profit from their investments.Sam Bankman-Fried, the CEO of FTX, believes billionaires should…