News with the tag "crypto tax"

The content appears to be promotional material for a cryptocurrency called Floppypepe ($FPPE), described as an AI meme token with potential for high returns.

New York Assembly bill proposes a 0.2% excise tax on crypto and NFT transactions to fund substance abuse prevention programs, reflecting broader global trends in crypto taxation.

A New York State Assembly Democrat has proposed Assembly Bill 8966, which seeks to impose a 0.2% excise tax on the sale and transfer of digital assets and NFTs, potentially setting a precedent for crypto taxation.

Seoul's Gangnam District has intensified efforts to recoup unpaid taxes by seizing cryptocurrencies from tax evaders, resulting in significant recoveries and increased voluntary payments.

South Korea's Gangnam District seized 210 million won in unpaid crypto taxes, marking a significant step in enforcing tax compliance on virtual assets and setting a precedent for digital asset accountability.

India's Income Tax Department has issued over 44,000 warning notices to crypto traders for tax compliance, enforcing a 30% flat tax on crypto gains and a 1% TDS on transactions.

Economist Peter Schiff criticizes US tariffs as a burden on consumers and labels Michael Saylor as a 'con man', sparking online debates about tariffs and cryptocurrency.

Indonesia's crypto tax revenue surged by 181% in 2024, but 2025 has seen a significant drop due to market volatility, with regulatory shifts and tax adjustments impacting the sector.

The U.S. government has proposed new crypto tax reporting rules for foreign accounts, aiming to enhance transparency and compliance for U.S. taxpayers holding cryptocurrency abroad.

Trump's task force has unveiled a plan for crypto regulation, including a proposed Bitcoin reserve, aiming to provide a framework for digital assets while balancing innovation and consumer protection.