The U.S. Securities and Exchange Commission published a new Staff Accounting Bulletin Thursday withdrawing its controversial SAB 121. SAB 121 directed banks …
tax
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Trump’s $TRUMP coin raises major tax compliance and capital gains issues. $TRUMP could disrupt U.S. political donations, raising corruption concerns. Legal uncertainty …
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The Federal Tax Authority (FTA) of the United Arab Emirates (UAE) issued a clarification regarding VAT (Value Added Tax) for those dealing …
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Regulation
US Congressman Buddy Carter introduces Fair Tax Act to abolish the IRS and replace US tax code
by shayaanby shayaanRep. Earl “Buddy” Carter has proposed eliminating the Internal Revenue Service (IRS) and replacing the current US tax code with a national …
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Finance
‘The only one not convinced is you’ — Pro-XRP CEO Yoshitaka Kitao scolds Japanese PM on high crypto tax rates
by shayaanby shayaanThe CEO of financial services conglomerate SBI Holdings has criticized Japan’s prime minister (PM) regarding the government’s absurd crypto tax rates. Yoshitaka …
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Donald Trump announced in a post via X that he plans to renew the Trump Tax Cuts, which were the largest in …
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Regulation
IRS Postpones Implementation of New Tax Rules for Crypto Asset Holders Interacting With Centralized Exchanges
by shayaanby shayaanThe Internal Revenue Service (IRS) is suspending the implementation of new tax rules that will affect investors who hold crypto assets in …
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Finance
Elon Musk brings crypto tax attention to the IRS – D.O.G.E onto crypto affairs?
by shayaanby shayaanElon Musk, the billionaire entrepreneur and owner of social media platform X, recently posted a tongue-in-cheek message addressing the US Internal Revenue …
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The Bitcoin price has recovered from its tax harvesting year-end drop. BTC is trading right around $97,000 after gaining over 3.4% over …
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Regulation
IRS grants temporary relief on crypto tax reporting rules amid legal challenges
by shayaanby shayaanThe Internal Revenue Service (IRS) issued temporary relief on crypto cost-basis reporting rules, potentially averting increased tax liabilities for digital asset investors. …