News with the tag "Tax"

Senators Cynthia Lummis and Bernie Moreno have urged the US Treasury to address an unintended tax burden caused by a Joe Biden-era tax on corporations, which could hurt digital asset companies. In a letter sent to Treasury Secretary Scott Bessent, the senators wrote that this tax could make American...

The cryptocurrency market is a global phenomenon, but its trajectory is often shaped by regional developments and the voices of local investors. South Korea stands out as a significant player in the crypto space, boasting a tech-savvy population with a keen interest in digital assets. A recent crypt...

For investors navigating the complex world of assets, particularly in the rapidly evolving digital asset space, tax implications are always a major consideration. The potential for significant gains often comes with the reality of capital gains taxes. However, a groundbreaking development in Missour...

Key Takeaways: Missouri is set to become the first U.S. state to completely exempt capital gains from income tax, pending the governor’s signature. The measure applies to profits from assets such as stocks, real estate, and cryptocurrency, retroactive to 2025. The bill includes expanded exemptions f...

Missouri lawmakers have passed a sweeping tax bill that exempts capital gains from state income tax and sent it to Gov. Mike Kehoe for signature. The measure , a top priority for House Republicans, passed the House Wednesday with only GOP support and 10 Democrats voting “present.” The bill would app...

David Sacks dismissed the idea of 0.01% crypto transaction tax The proposal involves using the tax revenue to establish a US strategic Bitcoin reserve In the past, Donald Trump has supported the elimination of federal income tax, suggesting import tariffs as an alternative White House AI and crypto ...

Exciting news is breaking from the Land of the Rising Sun! Japan, a nation known for its technological prowess and forward-thinking approach, is poised to potentially revolutionize its cryptocurrency landscape. Imagine a world where crypto taxes are significantly slashed, and the doors are flung ope...

Consensys -developed self-custody crypto wallet MetaMask has integrated Crypto Tax Calculator (CTC), aiming to simplify tax season for crypto users. According to the press release, MetaMask is now the only wallet that has embedded this solution directly into the product. This move enables its users ...

The Income Tax Department of India could soon gain powers to monitor people’s crypto holdings. The rule is expected to take effect starting April 1st, 2026, and is subject to massive criticism. Authorities claim that the move is important to modernize investigation of tax evasion. India’s Income Tax...

Japan is about to undergo a major transformation in its crypto regulations. The ruling party has proposed a new framework under the Financial Instruments and Exchange Act. If approved, this could plead to cryptocurrency exchange-traded funds (ETFs) and a significant tax cut on crypto-related earning...