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” Crypto assets to become a separate category in the UK tax forms “ As Great Britain is gradually moving to its own comprehensive crypto framework, the Treasury introduces a separate category for crypto assets into the tax return forms. The particular line should appear in the tax forms in 2024-25. On March 15, His…
Biden’s $5 trillion tax gambit catches Congress by surprise President Biden went big in his $6.8 trillion annual budget proposal to Congress by calling for $5 trillion in tax increases over the next decade, more than what lawmakers expected after the president downplayed his tax agenda in earlier meetings. It’s a risky move for the…
” ‘I anti-endorse these projects’ — Buterin’s shitcoin war sees him sent another 250K “ Ethereum co-founder Vitalik Buterin’s latest salvo against “shitcoins” has ended up with him simply being sent more of it. Only days ago, the Ethereum developer made moves to sell over $700,000 of tokens previously airdropped to him, causing the price…
” Biden budget proposes 30% tax on crypto mining electricity usage “ A phased-in 30% tax on cryptocurrency mining electricity costs has been proposed by United States president Joe Biden in his administration’s 2024 fiscal year budget. A Department of the Treasury supplementary budget explainer paper released Mar. 9 said any firm using resources —…
” CoinTracker integrates with H&R Block to offer crypto tax preparation “ Crypto tax software provider CoinTracker is integrating its software with H&R Block, a company that helps millions of customers prepare their income taxes across Canada, the United States and Australia. In an announcement seen by Cointelegraph, CoinTracker noted the partnership will allow American…
” Biden wants to double capital gains and clamp down on crypto wash sales: Reports “ U.S. President Joe Biden’s upcoming budget proposal has a few surprises for crypto traders and investors, including a proposed doubling of capital gains and a crackdown on crypto wash sales. The Biden administration is set to release its fiscal…
” Thailand to offer tax breaks for investment token issuers “ The government of Thailand is moving to benefit from the digital asset industry growth by allowing tax-free issuance of digital tokens for investment. Thailand’s cabinet has agreed to waive corporate income tax and value-added tax (VAT) for companies that issue investment tokens, Reuters reported….
” Bitcoin-friendly Cash App integrates TaxBit amid tax-filing season “ Mobile payments processor Cash App has integrated crypto tax and accounting software TaxBit into its services, giving Bitcoin (BTC) holders a more streamlined approach to reporting their taxes. As of Feb. 28, Cash App users can now keep track of their Bitcoin transactions for tax…
” Education is key to financial freedom, says Bitcoin advocate Najah Roberts “ Can Bitcoin help Black Americans build wealth in a country that has historically and intentionally prevented them from doing so? The Agenda podcast recently sat down with Najah Roberts, a Bitcoin educator and entrepreneur, to explore the question. In Part 1 of…