Trump’s tax plan set to eliminate income taxes for 93 million Americans

2024-10-22 00:28

Trump's tax reform could exempt 93 million Americans from income taxes, shifting burden to tariffs with economic implications. The post Trump’s tax plan set to eliminate income taxes for 93 million Americans appeared first on Crypto Briefing.

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Источник: cryptobriefing.com

taxes million → Результатов: 46

India to recover $345m in taxes from Kraken, Huobi, and other offshore exchanges

India’s Financial Intelligence Unit is looking to recoup at least $345 million in goods and services tax from 7 seven foreign cryptocurrency exchanges that operated in the nation. Sources familiar with the matter told the Economic Times that India’s anti-money…

2024-9-12 13:25	India
india exchanges tax operated seven cryptocurrency foreign

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'Bitcoin a matter of national security' - Mara’s CEO after Russia mined $3B

Russia made $555 million in taxes from $3B BTC mined last year in the wake of Western sanctions This remarkable feat tipped Mara’s Thiel to call Bitcoin and mining a "national security" matteThe post 'Bitcoin a matter of national security' - Mara’s CEO after Russia mined $3B appeared first on AMBCrypto.

2024-9-8 00:00	News
mined bitcoin mara russia security national ceo

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Australia’s Crypto Crackdown: ATO Seeks Data from Exchanges To Identify Tax Discrepancies

The Australian Taxation Office (ATO) is targeting approximately 1. 2 million cryptocurrency-related accounts to tighten the noose on tax discrepancies. According to Reuters, this step marks an approach by the Australian government to “crackdown on users who may be failing to pay their taxes amid a rising interest in digital tokens.

2024-5-9 02:30
australian ato discrepancies crackdown tax pay taxes

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Canada Revenue Agency Targets $39.5 Million From Crypto Tax Evaders

The Canada Revenue Agency is pursuing $54 million in unpaid taxes from cryptocurrency traders, emphasizing the need for improved tax education. The post Canada Revenue Agency Targets $39.5 Million From Crypto Tax Evaders appeared first on BeInCrypto.

2024-5-8 22:43
million canada revenue agency tax evaders crypto

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South Korea’s Gyeonggi province cracks down on crypto tax evasion, recovers $4.6m

A South Korean province has adopted an advanced system to combat crypto tax evasion, successfully recovering $4.6 million in unpaid taxes from delinquents. As per Feb. 22 local reports, the Gyeonggi province’s method represents a considerable shift from the traditional,…

2024-2-22 10:55	South Korea
province tax evasion south crypto gyeonggi taxes

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Economic Setback: Ukraine Misses Out On $80M In Taxes As Crypto Regulations Lag

Ukraine’s governmental data reveals a notable shortfall in the national budget of over $80 million during the past 10 years because of the non-compliance of cryptocurrency exchanges operating within the country.

2023-8-4 18:05	ukraine
ukraine million past budget operating within country

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Economic Setback: Ukraine Misses Out On $80-M In Taxes As Crypto Regulations Lag

2023-8-4 18:05	ukraine
ukraine million past budget operating within country

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Ukraine Government Reveals Crypto Firms Have Cost The Country $81 Million In Lost Taxes

According to data released by the Ukrainian government, cryptocurrency firms offering services in Ukraine have failed to contribute over $81 million in taxes to the country’s budget in the past decade.

2023-8-4 19:00	Taxes
country million taxes ukraine government firms contribute

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Binance France records €4 million loss in 2022, optimistic for profit in 2023

Binance France first audited financial records covering 14 months between when the company was created in November 2021 to December 2022 showed that the exchange recorded a loss of €4 million. Throughout the period, Binance France incurred total expenses of €14 million to cater for its staff payroll, marketing, administrative costs, taxes, and professional fees.

2023-7-22 02:47
binance million france 2022 records loss expenses

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Bitmain Crypto Mining Company Faces $3.5M Fine for Tax Violations in China

The Bitcoin mining-focused manufacturer Bitmain is facing a fine of $3.5 million for unpaid income taxes in Beijing, China. The post Bitmain Crypto Mining Company Faces $3.5M Fine for Tax Violations in China appeared first on BeInCrypto.

2023-4-11 11:00
china bitmain fine mining crypto violations faces

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New tax rules could mean a US exodus for crypto companies

A change to R&D tax rules means that a tech company could lose more than $1 million — but still be on the hook for hundreds of thousands in taxes.

2023-4-11 02:29	IRS
could rules tax million still taxes thousands

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Apple Japan to Pay $98 Million in Back Taxes for Missing Duty-Free Abuses

Coinspeaker Apple Japan to Pay $98 Million in Back Taxes for Missing Duty-Free Abuses Notably, iPhones are cheaper in Japan than abroad. As a result, Tokyo authorities suspect vendors trying to take advantage of the country's duty-free system, purchasing the products and then selling them overseas, turning a profit by bypassing consumption tax.

2022-12-27 13:47
duty-free japan abuses apple missing taxes pay

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Former Celsius CEO Withdrew $10M Ahead of Bankruptcy to ‘Pay Taxes’

Former Celsius CEO Alex Mashinsky withdrew $10 million in May to pay state and federal taxes and also used it for 'estate planning.' The post Former Celsius CEO Withdrew $10M Ahead of Bankruptcy to ‘Pay Taxes’ appeared first on BeInCrypto.

2022-10-3 08:53	voyager digital
pay former taxes celsius withdrew ceo bankruptcy

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Cardano Investors In Japan Come Under Fire For $6 Million In Underreported Taxes

Cardano investors in Japan have come under scrutiny after authorities reported that investors in the asset had underreported their taxes from their trading activities. It was reported that multiple cities in the country had seen profits from trading in Cardano’s native token ADA but had not reported the earnings made from investing in the digital asset.

2021-10-7 02:00
cardano reported had investors come asset japan

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South Korean Officials Seize $47M in Crypto Due to Unpaid Taxes

South Korea seized nearly $50 million in cryptocurrency from 12,000 people, who are accused of tax evasion. The post South Korean Officials Seize $47M in Crypto Due to Unpaid Taxes appeared first on BeInCrypto.

2021-6-24 22:35
south due unpaid crypto taxes 47m korean

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Tax Authority Seizes Cryptocurrencies Worth $25 Million From Hundreds of Crypto Investors in South Korea

The tax department of the Seoul metropolitan government in South Korea has reportedly seized cryptocurrencies worth about $25 million from hundreds of crypto investors with delinquent taxes. The cryptocurrencies, including bitcoin, were seized from three exchanges.

2021-4-24 14:30
cryptocurrencies korea tax worth seized investors south

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NFT Buyers and Sellers Could be Liable to “Unknown” Capital Gains Tax in the United States

U. S. citizens making money off the booming non-fungible token (NFT) market may be unaware of liable taxes from selling the NFTs. Beeple’s record-breaking $69. 3 million NFT sales could attract tens of millions in taxes.

2021-3-19 22:03	Trading & Investing
nft taxes liable could nfts may unaware

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Bitcoin Is Going Through the Roof in Argentina While the Government Imposes New Taxes

Argentina’s Senate approved an extraordinary one-time wealth tax to fight the coronavirus pandemic by seeking to boost government revenue and targeting millionaires with assets of more than 200 million pesos ($2.

2020-12-11 09:05	tax
argentina government boost revenue coronavirus pandemic targeting

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Engineer Uses Bitcoin to Defraud Microsoft of $10M, Evade Taxes

Bitcoin is regularly blasted by regulators and the IRS for its use in illicit crime such as money laundering or tax evasion. Unfortunately, a story involving a former Microsoft engineer who used the cryptocurrency to mix over $10 million he had defrauded the company out of, doesn’t help that case.

2020-11-11 18:00	xbtusd
microsoft engineer bitcoin cryptocurrency mix evasion used

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IRS Prioritizes Cryptocurrency, Now First Question on 1040 Tax Form

The new U. S. tax form is out and the cryptocurrency question is the first one on the main 1040 tax form used by about 150 million people to file their taxes. The Internal Revenue Service (IRS) requires all tax filers to declare whether they have received, sold, exchanged, or acquired any cryptocurrencies.

2020-8-22 19:30
tax form cryptocurrency 1040 question irs whether

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Coronavirus Could Delay 2019 Cryptocurrency Tax Filings and Payments

Cryptocurrency investors in the United States who scored wins in 2019 can delay filing and payment on their taxes for 90 days. The announcement came from the Trump administration, allowing taxpayers to delay payments up to $1 million individually.

2020-3-24 05:10	The United States (USA)
delay payments 2019 cryptocurrency came announcement trump

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Decentralized Finance (DeFi) Grew To $668 Million In 2019, How Will Taxes Be Calculated?

2019’s decentralized finance (DeFi) boom that has led to more than $785 million being locked in crypto assets is giving accountants serious headaches. Antoine Scalie, the CEO of accounting startup Cryptio says complex assets and transactions make it for the accounting to be more difficult.

2020-1-18 00:33
assets accounting decentralized 2019 defi million finance

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Bithumb Exchange Will Pay $67 Million in Additional Crypto Taxes

Coinspeaker Bithumb Exchange Will Pay $67 Million in Additional Crypto TaxesEarlier South Korean crypto exchange Bithumb had reported about a bad financial year, but now it has been revealed that the taxes are getting even harder.

2019-12-30 23:20	MakerDAO
bithumb exchange crypto taxes additional million pay

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Be Ready to Pay over $85 Million in Taxes if You Win the Mega Millions Jackpot on Friday

Coinspeaker Be Ready to Pay over $85 Million in Taxes if You Win the Mega Millions Jackpot on FridaySince nobody’s ticket matched the numbers that could ensure a Mega Millions jackpot prize on Tuesday, thousands of people can’t wait for tomorrow.

2019-12-13 19:47
millions jackpot mega pay ready win million

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UK Labour Leader Calls Jeff Bezos to Pay Taxes after his $98.5 Million Donation

Coinspeaker UK Labour Leader Calls Jeff Bezos to Pay Taxes after his $98. 5 Million DonationThe leader of the UK Labour party has slammed Jeff Bezos for his recent philanthropic donation.

2019-11-26 17:41	#microsoft
pay taxes donation bezos labour leader jeff

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Fintech Company Adyen Announces First Half Profit Soar by 79%

Coinspeaker Fintech Company Adyen Announces First Half Profit Soar by 79%Earnings before interest, taxes, depreciation and amortisation (EBITDA) in the half year ended June 30 was 125.

2019-8-22 13:47
profit half million company fintech euros adyen

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Loss Harvesting, Crypto Loans and More Strategies to Cut Bitcoin Taxes

Forbes recently estimated that approximately $25 million in taxes is owed by Americans that in one way or another used cryptocurrency in 2017. During this period, cryptocurrencies such as Bitcoin.

2019-8-21 15:31	USA
taxes bitcoin loss loans harvesting cut crypto

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Moonday Mornings: IBM wants to put your browser history on the blockchain, forever

Welcome to another Moonday Mornings. Let’s waste no time and take a look at the weekend’s cryptocurrency and blockchain headlines you can’t afford to miss. 1. Cryptocurrency traders in Israel are facing a sticky situation.

2019-8-12 11:29	hard fork
cryptocurrency trading moonday blockchain ibm mornings unpaid

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Why are Israeli Banks Refusing to Take Fiat Deposits from Cryptocurrency Traders?

On August 6th we reported the difficulty experienced by Israeli cryptocurrency traders to pay taxes given the concerns raised by the banking industry. With over $85 million USD in tax arrears to be paid to the government, cryptocurrency traders are blaming the banks for purposefully creating a barrier due to the competition from the emerging […]

2019-8-9 19:46	Trading & Investing
cryptocurrency traders banks israeli paid arrears million

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Op Ed: Debunking Bitcoin Myths: The ‘Intrinsic Value’ Fallacy

A series of op eds by Kyle Torpey addressing some of the oft-repeated arguments against Bitcoin. One of the earliest criticisms of Bitcoin was that the underlying token in the system had no intrinsic value.

2019-6-4 23:41	Op-ed
bitcoin value intrinsic good exchange utility payment

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Op Ed: Debunking Bitcoin Myths, The ‘Intrinsic Value’ Fallacy

2019-5-31 23:41	Op-ed
bitcoin value intrinsic good exchange utility payment

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Israeli Court Orders Bitcoiner to Pay Nearly $900,000 for Tax Evasion

The Israel Tax Authority has won a court case against Noam Copel, a Bitcoin investor and founder of a blockchain startup called DAV, who bought the cryptocurrency in 2011 and sold it in 2013 with a profit of NIS 8.

2019-5-24 18:00	Regulations
court bitcoin israeli million blockchain cryptocurrency tax

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Bitcoin Bull’s $800,000 Tax Bill Due as Israeli Court Rules Crypto is ‘Property’

By CCN: An Israeli court has ruled that Bitcoin is not a currency but rather an asset. This was in a case brought forth by Noam Copel, a blockchain entrepreneur, according to business publication Globes.

2019-5-22 15:39
bitcoin tax israeli copel court million currency

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Donald Trump Paid Zero Taxes in a Decade, Lost More Money Than ‘Every Other American’: NYT

By CCN. com: The Donald Trump business lost $1. 17 billion in a decade according to tax information seen by the New York Times. The figures mean the “self-made” president lost more money between 1985 and 1994 than any other American.

2019-5-8 12:49	Donald Trump
lost trump money american times decade donald

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SBI Virtual Currencies (SBIVC) Exchange Considers STO After Earning Early Profits In First Fiscal Year

SBI’s Crypto Exchange SBIVC Considers STO After Achieving Profits During Its Fiscal Year SBI Virtual Currencies (SBIVC), the crypto exchange created by SBI Holdings, has been profitable in its first fiscal year, according to its report own reports.

2019-4-26 22:29
sbi fiscal year exchange sbivc crypto considers

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Op Ed: We Just Launched the First Cryptocurrency-to-Tax Payment Partnership

Andrei Poliakov is the CEO and co-founder of Coinberry, one of Canada’s premier digital currency platforms. His company is the first in Canada to partner with a government municipality.

2019-4-23 17:42	Adoption
government cryptocurrency governments technology money million transaction

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France Targets Amazon, Google, Facebook for an Annual $500 Million Tax Boost

France is targeting large technology firms such as Google, Amazon, Facebook, Apple, and others in a move that could fetch the French nation about $500 million. French Finance Minister Bruno Le Maire said on Sunday in an interview with Le Parisien newspaper.

2019-3-6 09:39	Google
million french france tax companies google 500

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The AOC Effect: California’s High Taxes Cost The San Francisco Giants Bryce Harper

It looks like California tax rates, which are some of the highest in the nation, may have cost the San Francisco Giants their shot at top MLB talent Bryce Harper. The 26-year-old professional baseball star agreed to a 13-year, $330 million deal with the Philadelphia Phillies Thursday.

2019-3-5 02:59
harper francisco giants california san bryce cost

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We’re Freeriders: Facebook Co-Founder Chris Hughes, Worth $500 Million, Wants to Pay Higher Taxes

Facebook co-founder Chris Hughes is back advocating for higher taxes for wealthy Americans. This is not the first time Hughes is calling on the government to take a step to help low-income Americans trying to make ends meet.

2019-2-12 17:29	Facebook
hughes taxes higher facebook co-founder chris million

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Moonday Mornings: Dark Web Bitcoin transactions doubled in 2018

If you didn’t notice, today is Monday, January 21, which means two things. One, it’s time for another Moonday Mornings; and two, it’s the most depressing day of the year – apparently. Goodthing we have a wrap-up of the weekend’s top cryptocurrency and blockchain news for you.

2019-1-21 11:35	hard fork
million cryptocurrency two times moonday web bitcoin

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Finland Hands Over Info for 2,700 Danish Traders to Denmark’s Tax Agency

Finnish tax authorities have handed over information on 2,700 bitcoin traders to its Danish counterpart, Skattestyrelsen (SKAT). According to a press release, the traders used an undisclosed Finnish exchange to collectively purchase and sell some $15.

2018-12-14 03:12	Bitcoin
bitcoin tax information traded exchange traders taxable

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Ohio Technology Funds Announce $100M Support for Blockchain Startups

Recently, the CEO of Ohio-based nonprofit JumpStart Inc. announced that his company, along with six others, would invest vast sums of money into Ohio’s blockchain startups.

2018-12-3 19:32	Adoption & community
ohio blockchain tax startups technology could funds

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Australian Taxpayers Have Paid $1 Million to Scammers Through Bitcoin ATMs Since July

The Australian Taxation Office (ATO) has used official channels to warn taxpayers of scammers who are fooling people into paying their taxes through Bitcoin ATMs to their accounts. As the deadline approaches on 21 November, the authority told the one million taxpayers, who will need to make a payment to the ATO, to be wary.

2018-11-15 03:00	tax
taxpayers bitcoin australian through atms scammers million

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Op Ed: In Defense of Bitcoin: A Response to Nouriel Roubini

Rhetorical style should never distract from the content of someone’s arguments. So when I heard that Nouriel Roubini testified to the U. S. Senate Committee on Banking, Housing, and Urban Affairs on the cryptocurrency and blockchain ecosystem, I decided to peruse his testimony and reflect on it.

2018-10-24 19:38	Op-ed
bitcoin value such energy system money roubini

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Congressional Committee Calls for Clearer Crypto Tax Code in Letter to IRS

In an open letter to the Internal Revenue Service (IRS), the U. S. House’s Committee on Ways and Means argues that the tax collection body is leaving investors in the lurch with its vague cryptocurrency tax codes.

2018-9-21 23:35	Regulation
irs letter tax guidance taxpayers cryptocurrency agency

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SEC Distributes $4.6 Million to BitClave ICO Investors After Lawsuit

The SEC has disbursed $4.6M to investors in BitClave’s failed 2017 ICO, addressing securities violations and ongoing restitution for claimants. The post SEC Distributes $4.6 Million to BitClave ICO Investors After Lawsuit appeared first on BeInCrypto.

Trump’s team vets for first White House crypto role

President Donald Trump and his team inched closer to assembling a crypto council as promised to the digital industry and a new office at the White House. Trump’s transition team is evaluating candidates to lead a first-of-its-kind crypto office in…

SEC delays decision on Franklin Templeton Bitcoin & Ethereum index ETF

The SEC delays its decision on Franklin Templeton's Bitcoin and Ethereum ETF, extending the deadline to January 6, 2025. The post SEC delays decision on Franklin Templeton Bitcoin & Ethereum index ETF appeared first on Crypto Briefing.

Trump team considers creating first White House crypto role

Trump's team is considering a new White House crypto role to manage policy and regulation with direct presidential access. The post Trump team considers creating first White House crypto role appeared first on Crypto Briefing.

Former FTX CTO Gary Wang avoids prison time for role in crypto fraud

Gary Wang avoids prison after pleading guilty in FTX fraud case. His testimony aided the conviction of Sam Bankman-Fried. The post Former FTX CTO Gary Wang avoids prison time for role in crypto fraud appeared first on Crypto Briefing.

Japan PM vows to include tax cuts for crypto in stimulus package

Japan Prime Minister Shigeru Ishiba promises to include discussions of tax cut proposals from the opposition party in his economic stimulus package, involving tax cuts for gasoline and crypto assets.

India’s central bank signals no rush for digital currency implementation

The Reserve Bank of India prioritizes the long-term potential of central bank digital currencies but is holding off on a full rollout until its effects are better understood. India‘s central bank is taking a measured approach to launching a central…

2024-10-22 00:28

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