News with the tag "Capital gains tax"

Rumors have surfaced about potential crypto tax reforms as Donald Trump’s official memecoin, TRUMP, hits $71 billion in fully diluted value and rises to the 15th-largest crypto in the world.

Ukraine plans to legalize cryptocurrencies by early 2025, applying standard taxation rules without offering tax incentives.

In a significant policy shift aimed at stimulating the financial markets and attracting both domestic and international investments, South Korea’s main opposition party, the Democratic Party of Korea (DPK), plans to abolish capital gains tax on investments during the upcoming December 10 session. Th...

In a notable shift, British finance minister Rachel Reeves announced on Wednesday, October 30, a hike in the capital gains … Continue reading The post UK Government plans to increase its capital gains tax rate appeared first on Finbold .

Chainalysis faces a $650 million defamation lawsuit, the EU’s ESMA pushes for MiCA amendments, Cyprus and Ireland scramble to align with regulations, and Italy plans to hike tax on Bitcoin.

In addition to raising the withholding tax on Bitcoin capital gains to 42%, Italy also plans to remove the 750,000 euro web tax threshold.

On Wed., Aug. 21, 2024, Bloomberg shared that Vice President Kamala Harris intends to back policies that favor digital currencies. Brian Nelson, a senior advisor for the Harris campaign, told Bloomberg in an interview that if Harris secures the presidency in November, she will “support policies that...

Currently gains on crypto profits are going untaxed and unrecognized by the Greek government - but not for long as regulators are seeking new taxes on the industry early next year.

Based on a report by the National Post, Canada’s Revenue Agency (CRA) is actively searching for uncollected taxes on cryptocurrencies. The agency estimates that there is nearly $40 million in undeclared taxes related to digital currencies. Concurrently, Prime Minister Justin Trudeau is proposing an ...

President Joe Biden recently proposed introducing the highest capital gains tax rate in more than a century. With a new … Continue reading The post What Biden’s proposed capital gains tax means for crypto investors appeared first on Finbold .