News with the tag "tax reform"

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.

The Liberal Democratic Party (LDP) of Japan is advocating for a significant overhaul of the country’s cryptocurrency tax policy. According to reports by CoinPost and Japanese media outlets, the proposed reform includes a reduced, separate tax rate of 20% on cryptocurrency trading profits and the int...

Japan Moves to Reform Cryptocurrency Taxation Policy In a significant move to boost its cryptocurrency industry, the Japanese government has announced plans to reform its current cryptocurrency taxation policies. The proposed changes aim to reduce the tax burden on investors and foster innovation in...

Yuichiro Tamaki, leader of Japan’s Democratic Party for the People, is advocating for significant cryptocurrency tax reforms ahead of the general election. His party proposes a 20% tax on crypto assets and aims to promote Japan as a web3 leader. The party also supports initiatives like increased lev...

The crypto industry is buzzing this year, not just because of new memes, coin pumping, or Bitcoin leading another bull run. It’s now a hotly debated election issue, dividing the electorate and promising to bring the industry to new heights. And we’re not just talking about the US elections and Trump...

Japan’s minister of economy, trade and industry, Takeru Saito, said on August 28, 2024, that it aims to propel its Web3 ecosystem through startup-friendly tax reforms. Startup-Centric Tax Reforms Key To Web3 Industry Growth To spur its Web3 industry, Japan may soon implement startup-centric tax refo...

Japanese minister Takeru Saito hopes to create an environment to lure businesses and developers worldwide.

The FIRS’s initiative to regulate cryptocurrency and update tax laws reflects a broader trend in Nigeria toward embracing and managing digital asset.

The International Monetary Fund (IMF) has advised the U.S. to improve its fiscal position by reducing spending and increasing revenues. The IMF emphasizes addressing rising debt through policy adjustments and recommends maintaining current interest rates until late 2024. “Given those risks, we agree...

Turkey introduced a 0.03% tax on crypto transactions as part of a major fiscal reform to address the budget deficit caused by recent earthquakes.