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“#California and Florida battle for the soul of a nation” Thanks to the blessings of decentralization, life can vary greatly in America depending on where you sit. Those differences are growing into a chasm of philosophical and practical contrasts between two basic models for the American future. Call them the California way and the Florida…
“# Are cryptocurrency ransom payments tax deductible? ” About 2,000 years ago during its Han dynasty, China made peace with some of the nomadic people of Central Asia who continuously ransacked Silk Road traders for an easy payday. It did so in order to fully establish the Silk Road trade route, which stretched from China…
“# Kazakhstan to introduce new energy fees for crypto miners in 2022 ” As Kazakhstan becomes increasingly popular for cryptocurrency mining, the country’s president has signed a new law introducing an extra levy for crypto miners. President of the Republic of Kazakhstan Kassym-Jomart Tokayev recently signed last a new law that imposes an additional tax fee…
“#Anti-biz NY loses out again — as upstate chipmaker invests in Singapore” Good news: Upstate chip manufacturer GlobalFoundries is investing $4 billion in a new factory. Bad news: The factory will be located in . . . Singapore. Not New York. Only two months ago, the giant chipmaker announced it was moving its corporate headquarters to its state-of-the-art Fab 8…
“# Spanish court rules John McAfee can be extradited to the United States ” John McAfee, the founder of the antivirus software company of the same name, is one step closer to facing prosecution in the United States for tax evasion. In a ruling released today, the Spanish National Court approved the extradition of McAfee…
“#Analysis says Biden’s tax plan will effectively cut lower- and middle-class wages” Here’s something new to worry about when it comes to President Biden’s tax plan: It could hit you in the paycheck. A new analysis from the Tax Policy Center shows the White House’s plan to hike the minimum rate on corporate taxes to…
“# Existing Indian law could impose 2% levy on crypto bought from offshore exchanges ” According to local sources, the Indian Government’s 2% “equalisation levy” could be extended to crypto-assets purchased from off-shore exchanges. According to a June 22 report from Economic Times, analysts are inferring that existing law could require a 2% levy to…
“#Biden’s ‘death tax’ threatens to hit New Yorkers especially hard” There’s no escaping death and taxes — and under President Biden’s tax plan, the so-called “death tax” is poised to pack a wallop for New Yorkers. The White House’s proposed tax law will for the first time treat inheritance tax as a capital gains event,…
“#‘Exodus of the rich’ to Florida threatens disaster for NYC” Even post-COVID, the exodus of wealthy New Yorkers will continue until the plague of city mismanagement also ends. Goldman Sachs is relocating 100-plus key employees from the city to Palm Beach, Fla., to save money and grow its operations strategy beyond Wall Street. That includes…
“# ‘I have nothing’: Imprisoned John McAfee claims his crypto fortune is gone ” Software antivirus pioneer John McAfee has told his one million Twitter followers that his entire crypto fortune is gone — although he concedes not everyone will believe he’s telling the truth. The McAfee antivirus founder has been behind bars in Spain…