The government of Kenya plans to impose a 3% tax on cryptocurrency transfers to narrow the fiscal deficit of the country and boost its domestic revenues. Kenya is among the leaders on the…
The Digital Asset Mining Energy excise tax would harm businesses and push innovation out of the United States. The President’s new budget proposal for Fiscal Year 2024 includes the Digital Asset Mining Energy…
Entities participating in DeFi space have until June 22nd to submit their opinions about the tax bill. The taxation arm of the UK Treasury, HM Revenue and Customs, is considering modifying the tax…
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The War Against Crypto! Silvergate Bank, Ethereum a Security Kucoin, BTC Mining Tax with Ron Hammond
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Tax is a nightmare for compliance. And crypto taxes — which include a variety of innovative mechanisms and products that have no analog in traditional finance — are 10 times worse. Complicating matters…
President Joe Biden yesterday dropped a $6.9 trillion budget plan. The huge blueprint—which is expected to be rejected in the GOP-controlled House—wants to increase taxes on the wealthy and corporations to reduce a…
The Superior Court of the District of Columbia has dismissed a civil complaint against American business intelligence company MicroStrategy, which alleged that the firm helped its co-founder Michael Saylor evade income tax payments….
Kazakhstan, one of the biggest Bitcoin (BTC) mining hubs in the world, announced plans to introduce new crypto regulations aimed at reducing tax fraud and unlawful business operations. A new law signed by…
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Bithumb, a South Korea-based cryptocurrency exchange, was put under the scope of the South Korean Tax Agency for a “special tax investigation”. South Korea’s National Tax Service (NTS) launched an investigation into Bithumb,…
One of America’s most famous and enduring idioms came from the founding father, Benjamin Franklin. Whilst ruminating on his new country’s constitution, he hoped it would be durable. “But, in this world,” he…