News with the tag "income tax"

The Russian Federation Council’s approval of the new crypto taxation regime comes amid Bitcoin hitting all-time highs against Russia’s national currency, the ruble.

The New York Post recently reported that Donald Trump is reportedly considering eliminating income tax for all Americans.…

According to the most recent Polymarket odds, the former President currently has a 65% chance of winning the Presidential election.

In a lively exchange on Fox & Friends this week, former U.S. President Donald Trump floated an intriguing idea: doing away with income taxes entirely. ‘There is a Way’: Trump’s Nostalgic Call for Ending Income Taxes During the television segment, Donald Trump took a nostalgic trip down memory lane, ...

A previous case brought by Josh and Jessica Jarrett was dismissed in 2022 after the IRS conceded to refund some of the tax paid.

The IRS has recently introduced new rules to simplify the income tax return and taxes for crypto investors. These changes promise to make taxation more transparent and manageable. Let’s see all the details below: How The New IRS Regulations Will Affect Taxes On Crypto In recent years, tax regulation...

U.S. Congressman Matt Gaetz has introduced a bill to allow federal income taxes to be paid with bitcoin. Inspired by El Salvador’s success with the cryptocurrency, the lawmaker believes this move will modernize the U.S. tax system, promote innovation, and maintain America’s technological leadership....

The bill would order the Treasury secretary to develop a plan for accepting Bitcoin as payment.

Tanzania plans to amend its Income Tax Act to tax crypto trades. The proposal includes a three per cent withholding tax on income from digital asset transactions. Digital platform owners or facilitators of digital asset transfers will act as withholding agents. Foreign citizens operating such platfo...

The Federal Revenue of Brazil is publishing an ordinance this week to look for any potential “illegality” and info on what Brazilians may be owing in tax.