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“#Amazon wins EU court fight over $300 million tax bill” In the latest setback to European Union efforts to tackle corporate tax avoidance, a court on Wednesday annulled a ruling by the European Commission that a tax deal between Amazon and Luxembourg’s government amounted to illegal state support. The EU’s executive branch ordered the US…
“#Read (a younger, wiser) Andrew Cuomo’s lips” It’s been a few years, but Gov. Andrew Cuomo clearly needs a reminder of how he saw things in his early days as New York’s chief executive. Not only has he repeatedly extended much of the “temporary millionaires tax” that was due to sunset during his first term…
“# Hungary plans Bitcoin tax cut as part of economic recovery program ” Cryptocurrency investors in Hungary could be getting a major tax break very soon, as lawmakers seek to make the central European country more competitive in the wake of the COVID-19 pandemic. In a video that appeared on Facebook Tuesday, Finance Minister Mihály…
“# Indonesia considers capital gains tax on cryptocurrency trades ” Neilmaldrin Noor, a spokesperson for the Indonesian Directorate General of Taxes, said that the authority is considering a tax scheme for capital gains generated from cryptocurrency trades, Reuters reported on Tuesday. “It is important to know that if there is a profit or capital gain generated from…
“#Andrew Cuomo’s pathetic SALT obsession” Even when he’s begging business leaders to stay in New York, Gov. Andrew Cuomo can’t let go of his obsession with SALT. Ever since President Donald Trump’s 2017 tax reform capped the deduction for state and local taxes to $10,000, Cuomo has been on a tear looking to restore it….
“#CNN’s COVID nonsense, Biden’s tax-hike gaffe and more” Diary of disturbing disinformation and dangerous delusions: This Headline: France kept classrooms open ‘at all costs.’ At a school where 20 pupils lost loved ones, some say the price was too high We say: CNN must be in bed with the teachers unions. Its headline dishonestly implies that…
“# South Korean Bitcoin miners can deduct electricity costs from crypto tax filings ” Crypto investors involved in cryptocurrency mining may enjoy a significant tax break when the country’s virtual currency tax regime commences in 2022. According to a report by Pulse News, South Korea’s Ministry of Economy and Finance on Wednesday announced additional details…
“#94-year-old LI woman mistakenly declared dead and loses benefits” A 94-year-old woman was mistakenly declared dead in Nassau County and it ended up costing her a fortune. Ann Mazze, of Levittown, said her taxes went through the roof after she was falsely deemed deceased by a county clerical worker, according to WABC. When Mazze realized…
“# Employer paid worker in crypto, then demanded it back when price rose ” A United States-based business development specialist has claimed that a company that paid them for contract work using cryptocurrency now wants them to return the tokens following a significant rally in the asset’s price. According to a letter sent to Quentin…
“# Survey shows South Koreans support crypto tax law ” An opinion poll conducted by South Korean television station YTN has shown significant support for the planned cryptocurrency tax regime in the country. According to a report by The Korea Herald, 53.7% of the 500 participants polled by South Korea survey firm Realmeter expressed support…