Trump proposed cutting the corporate tax rate from 21% to 15%, which is nearly twice the difference between Harris’ proposal to raise the corporate tax rate to 28%
WenJunThe IRS stipulates that cryptocurrencies are considered property, so their purchase, exchange, and trading may trigger capital gains or losses, which must be reported according to capital gains tax. In addition, income from mining, airdrops, and hard forks must also be taxed.
JinseFinanceFTX, the bankrupt crypto exchange, challenges the IRS's $24 billion tax claim, deeming it "absurd and meritless." The fluctuating tax bill, currently at $24 billion, covers income and employment taxes from 2018 to 2022. FTX emphasizes the need for a fair resolution to protect bankruptcy victims. The upcoming court hearing on December 13 will play a crucial role in determining the distribution of FTX's remaining assets.
BerniceThe Japanese National Tax Agency (NTA) reveals an increase in crypto tax violations, with 548 cases identified out of 615 inquiries in the fiscal year 2022. Although the average undeclared income per case dropped to $206,000, the cumulative value rose to $126.5 million, prompting calls for tax system reforms in Japan amid criticisms of the current structure's impact on firms holding coins.
JixuIsrael's parliament, the Knesset, has given initial approval to a bill that seeks to extend tax benefits currently available to ...
BitcoinistHostile App Store rules won’t let crypto developers build
BanklessThe LUNC community has voted to reduce the tax burn rate from 1.2% to 0.2%.
BeincryptoLawmakers in a European country have drafted a 2023 budget that revealed a 28% tax on crypto assets held for under a year.
BeincryptoStaking is likely to become mainstream, which could prove rather costly for U.K. taxpayers.
BeincryptoDeFi Pulse, a leading authority on the DeFi space, calculates that the combined value of all deposits within DeFi protocols ...
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