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“#Why Facebook whistleblower and her ‘crypto friends’ moved to Puerto Rico” When Facebook whistleblower Frances Haugen isn’t flying around the world urging lawmakers to regulate her ex-employer, she’s apparently living off little-taxed cryptocurrency profits in her new home of Puerto Rico. “For the foreseeable future, I’m fine, because I did buy crypto at the right…
“# Crypto in the crosshairs: US regulators eye the cryptocurrency sector ” In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain. Lately, news headlines are focused…
“# South Korean opposition set to tackle controversial crypto tax law ” Lawmakers belonging to South Korea’s opposition People Power Party have prepared a fresh challenge to the planned crypto tax law. According to The Korea Herald, opposition lawmakers are advocating for a one-year extension to the start of crypto taxation in the country. As…
“#Nearly 140 countries agree to 15% minimum global corporate tax rate” Nearly 140 countries, representing more than 90 percent of the world’s GDP, agreed to set a minimum corporate tax rate of 15 percent Friday — in a sweeping overhaul of international tax rules that will clamp down on tax havens. The long-awaited deal still…
“#Ireland hikes corporate taxes in blow to Facebook, Apple and Google” Facebook, Apple, Google and other big tech firms with offices in Ireland are set to take a hit to their bottom lines as the country hikes corporate taxes. Ireland — which is also home to sizable offices for Twitter and PayPal — is raising…
“#This is a tax you pay for Biden and Dems’ reckless spending” $175 a month. That’s the hidden tax the average American household is paying for the Biden economy. Some of this is indeed “transitory,” as Federal Reserve officials like to say. The COVID-19 pandemic did a number on supply chains around the world. Workers…
“# South Korean crypto tax delay thwarted ” Lawmakers in South Korea settled a long political battle on Sept. 30th and headed off moves by the ruling party to delay the implementation of the controversial crypto tax legislation. In a meeting on the 26th but only reported yesterday, Finance Minister Hong Nam-ki and key Democratic…
“# The infrastructure bill is hanging in the balance. What would its enactment mean for crypto? ” Later today, the United States House of Representatives is expected to vote on the bipartisan Infrastructure Investment and Jobs Act of 2021, a bill authorizing sweeping investments in domains such as passenger rail, bridge repair, clean and wastewater…
“# Crypto tax ‘a top enforcement priority,’ reminds IRS commissioner ” The Internal Revenue Service (IRS) continues to propose new tax reforms to regulate the crypto investments in the United States, with the latest notice sharing tax obligations for the marijuana industry. The notice, signed by IRS Commissioner De Lon Harris, reflects the priorities of…
“# Charitable sustainable NFTs for the United Nations’ 17 SDGs ” In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain. The United Nations General Assembly (UNGA)…