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“Donald Trump was aware of company’s tax fraud: prosecutors” Donald Trump knew exactly what a top finance executive was up to when he committed financial crimes — with records showing the ex-president “explicitly” sanctioned tax fraud, prosecutors said on Friday. The 76-year-old Trump hasn’t been charged but remained the focus of closing statements by the…
“Florida may reverse Disney crackdown over ‘Don’t Say Gay’: report” Florida legislators are reportedly eyeing a compromise that would allow Disney to maintain its special tax status within the state – potentially settling a months-long flap over the state’s “Don’t Say Gay” law. State lawmakers are said to be crafting terms that would allow Disney…
” Digital assets could add $40B a year to Aussie GDP: Tech Council report “ Up to $40 billion a year (AU$60 billion), could be added to Australia’s national GDP with the right regulatory framework and could lead to enormous cost savings for consumers and businesses according to a new report. The Nov. 29 Digital…
“IRS warns Americans over $600 threshold to report Venmo, PayPal payments” The Internal Revenue Service is reminding tax filers to prepare to report transactions of at least $600 that are made through so-called “third-party” facilitators such as Venmo and PayPal. The agency on Tuesday posted an explainer warning American business owners earning $600 or more…
” Kenyan legislation establishes crypto taxation, creates consumer protections “ An amendment was introduced to the Kenyan law in capital markets on Nov. 21 that would require those who own or deal in cryptocurrencies to provide the country’s Capital Markets Authority with information on their activities for tax purposes, local media report. This is the…
” Crypto notches a win among professional accountants “ In his regular column, J.W. Verret, a law professor, attorney, CPA, and head of the Crypto Freedom Lab covers law and regulation of cryptocurrency with a focus on decentralized finance (DeFi) and financial privacy. Institutional adoption is an exciting yet frustrating topic in crypto. The true…
Online secondhand sellers balk at new tax reporting threshold Melissa Williams has been buying and reselling her children’s clothing on a variety of online platforms for more than a decade. But a new tax barrier may force her to pause her accounts and abandon what she calls a sustainable economic solution for her family. “If…
” IRS prepares for an increase in crypto cases in the upcoming tax season “ The United States Internal Revenue Service (IRS) criminal investigation division is ramping up for tax season with its sights set on the crypto community. According to a report from Bloomberg Law, the division chief Jim Lee said they are preparing…
” Japan is losing its place as the world’s gaming capital because of crypto hostility “ A marked hostility toward new and emerging Web3 technologies like cryptocurrencies runs the risk of costing Japan its place as the world’s gaming capital. We’re getting dangerously close to the point of no return, and here’s why. Nobody can…
” Before ETH drops further, set some money aside for surprise taxes “ Ethereum’s Merge dominated the crypto world in September with promises of quicker transaction times, improved security and a 99% reduction in energy consumption. However, will you end up with a surprise tax bill too? Let’s examine. During the Merge event, the Ethereum…