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US gov’t job could allow Elon Musk to defer capital gains tax
15.11.2024
The ‘DOGE’ department proposed by Elon Musk could allow the Tesla CEO to divest many of his assets and defer paying taxes
US gov’t job could allow Elon Musk to defer capital gains tax
15.11.2024
The “DOGE” department proposed by Elon Musk could allow the Tesla CEO to divest many of his assets and defer paying taxes
Italy scales back plans to hike crypto tax rate: Report
12.11.2024
A Bloomberg report suggested Italian Prime Minister Giorgia Meloni could accept a proposal for a 28% tax hike on crypto rather than a 42% one
Italy scales back plans to hike crypto tax rate: Report
12.11.2024
A Bloomberg report suggested Italian Prime Minister Giorgia Meloni could accept a proposal for a 28% tax hike on crypto rather than a 42% one
Italy’s finance minister defends 42% crypto capital gains tax plan
31.10.2024
Giancarlo Giorgetti said cryptocurrencies like Bitcoin presented a “very high level of risk,” highlighting the need for additional taxes
Italy’s finance minister defends 42% crypto capital gains tax plan
31.10.2024
Giancarlo Giorgetti said cryptocurrencies like Bitcoin presented a “very high level of risk,” highlighting the need for additional taxes
Denmark Unveils Crypto Tax Plan, Recommendations Draw Fire From Bitcoiners
24.10.2024
The Danish Tax Council has recommended what it terms non-backed crypto assets like Bitcoin be taxed similarly to asset-based crypto assets. The council argues the recommendations would allow crypto investors to deduct losses from gains thus making taxation more fair. However, some observers believe...
Bitcoin Capital Gains Tax Set to Rise to 42% in Italy’s 2025 Budget
24.10.2024
In a move that has shaken the crypto community, Italy’s 2025 Budget Law proposes a massive increase in…
Chainalysis hit with $650M lawsuit, Italy to hike Bitcoin tax: Law Decoded
21.10.2024
Chainalysis faces a $650 million defamation lawsuit, the EU’s ESMA pushes for MiCA amendments, Cyprus and Ireland scramble to align with regulations, and Italy plans to hike tax on Bitcoin
Italy Targets Bitcoin With Capital Gains Tax Hike as EU Prepares for MiCA Regulations
17.10.2024
Italy plans to raise its capital gains tax on bitcoin to 42%, up from 26%, as part of efforts to fund election promises and curb the fiscal deficit. The government cites growing bitcoin adoption as a key factor. This comes as the European Union prepares to implement its Markets in Crypto-Assets...
Italy to Raise Capital Gains Tax on Crypto to 42% From 26%: Reports
16.10.2024
Italy's Deputy Finance Minister Maurizio Leo has said the nation will raise taxes on capital gains on cryptocurrencies such as Bitcoin to 42% from 26%, according to Reuters and Bloomberg
Italy to raise capital gains tax on Bitcoin from 26% to 42%
16.10.2024
In addition to raising the withholding tax on Bitcoin capital gains to 42%, Italy also plans to remove the 750,000 euro web tax threshold
Kamala Harris’s Unrealized Capital Gains Tax Would Hurt All Crypto Investors
2.10.2024
The proposed 25% levy would hurt early investors in bitcoin and lead to a selloff in the wider market, says Zac Townsend, CEO and co-founder of Meanwhile
Mark Cuban Warns Kamala Harris’ Unrealized Gains Tax Will Kill Stock Market
8.9.2024
Billionaire Mark Cuban warned that taxing unrealized gains would “kill” the stock market but believes Vice President Kamala Harris would not prioritize this policy. While Harris supports parts of President Biden’s tax plan, Cuban emphasized it is not her final stance. He also...
Campaign Advisor Says Harris Will ‘Support Policies’ Promoting Growth of Digital Currencies
22.8.2024
On Wed., Aug. 21, 2024, Bloomberg shared that Vice President Kamala Harris intends to back policies that favor digital currencies. Brian Nelson, a senior advisor for the Harris campaign, told Bloomberg in an interview that if Harris secures the presidency in November, she will “support policies...
Greek gov't to impose crypto taxes starting 2025
18.7.2024
Currently gains on crypto profits are going untaxed and unrecognized by the Greek government - but not for long as regulators are seeking new taxes on the industry early next year
South African Tax Authorities Scrutinize Crypto Traders Amid Compliance Uncertainty
23.6.2024
South African crypto traders have reportedly started receiving notices from the South African Revenue Service (SARS) indicating that their tax affairs are under review. The revenue collector is gathering information from various crypto-asset exchanges to assess compliance. Traders who fail...
Canada’s Tax Agency Targets $40M in Uncollected Crypto Taxes as Trudeau Seeks Major Capital Gains Hike
14.5.2024
Based on a report by the National Post, Canada’s Revenue Agency (CRA) is actively searching for uncollected taxes on cryptocurrencies. The agency estimates that there is nearly $40 million in undeclared taxes related to digital currencies. Concurrently, Prime Minister Justin Trudeau...
Australian Tax Office Seeks Personal, Transaction Details from 1.2 Million Cryptocurrency Users
8.5.2024
The Australian Tax Office reportedly has requested that cryptocurrency exchanges share both personal and transaction details of as many as 1.2 million cryptocurrency users. The revenue collector recognized that some users are fulfilling their tax obligations unknowingly, but maintained that others...
Australian Tax Office seeks data from 1.2 million crypto exchange users: Report
7.5.2024
The personal and crypto-transaction related details could help identify users who failed to report their tax obligations, according to the Australian Tax Office