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“Elon Musk got a huge tax break selling $8.5B in Tesla shares: report” Elon Musk pocketed $8.5 billion in cash when he sold off 9.6 million shares of his electric car maker, Tesla, last week in order to help finance his $44 billion takeover of Twitter. But the fact that Tesla shares were worth less…
” Kazakhstan ramps up power consumption reporting requirements for crypto miners “ The government of Kazakhstan has laid out new reporting requirements for cryptocurrency mining operators with a keen eye on how the industry’s energy usage affects the local power grid. The order published by the country’s Minister of Digital Development earlier this week compels…
“Intuit to pay $141M settlement over ‘free’ TurboTax ads” The company behind the TurboTax tax-filing program will pay $141 million to customers across the United States who were deceived by misleading promises of free tax-filing services, New York’s attorney general announced Wednesday. Under the terms of a settlement signed by the attorneys general of all…
” South Korea’s new president delays crypto taxes in favor of consumer protections “ South Korea’s newly-elected president Yoon Seok-yeol announced Tuesday he would push to defer taxation on crypto investment gains at least until a new set of regulations called the Digital Asset Basic Act is enacted. South Korea’s crypto tax was initially set…
” Uzbekistan’s president issues decree to adopt special crypto framework “ The Republic of Uzbekistan continues to progress with local cryptocurrency regulations, with Uzbek President Shavkat Mirziyoyev issuing a new decree regulating the industry. Released on April 27, the new decree instructs a reorganization of a major presidential agency known as the National Agency for…
” Buenos Aires to accept crypto for tax payments, launch DLT-backed citizen profiles “ The capital of Argentina and an agglomeration with more than 12 million citizens, Buenos Aires will make blockchain a vital part of its digitalization drive. Specifically, the city will accept public financial transactions in crypto. As the city mayor Horacio Rodríguez…
“Adams budget beats de Blasio standard — but he still needs to up his game” Give Mayor Eric Adams credit for keeping spending growth in the $99.7 billion budget he unveiled Tuesday well below inflation. Yet there’s far more he could’ve done. Total outlays for the fiscal year that starts July 1 would plunge to $104.2…
” Crypto tax calculator Koinly integrates Terra into its platform “ Crypto tax calculation platform Koinly added Terra (LUNA) wallet support to make tax calculation easier for LUNA holders as the Canadian tax report deadline draws near. Tony Dhanjal, head of tax at Koinly, said that LUNA support has been requested by many Koinly users,…
” ECB needs ‘globally coordinated regulatory action’ on crypto, says official “ European Central Bank executive board member Fabio Panetta said lawmakers across the world must decide how to regulate cryptocurrencies based on potential risks. In a written statement for a speech to Columbia University on Monday, Panetta said global policymakers had made some progress…
“Eric Adams insists ‘no reluctance’ on releasing tax returns” Mayor Eric Adams insisted in a new interview that he has expressed “no reluctance” about releasing his tax returns — despite recently replying “no” when asked if he would commit to maintaining the decades-long disclosure practice. During an appearance on “60 Minutes” that aired Sunday, interviewer Anderson Cooper…