A major push to overhaul the U.S.’s approach to cryptocurrency taxation is underway. Senator Cynthia Lummis, a Republican from Wyoming, has proposed amendments to her party’s tax and […]
Lummis Proposes Major Crypto Tax Overhaul in GOP Bill
Senator Cynthia Lummis (R-Wyo.) is introducing key changes to U.S. crypto tax laws in a bid to modernize the system for digital assets. Her plan would include provisions […]
Trump’s New Tax Threatens Foreign Tech Firms & Raises Investor Concerns
President Trump’s proposed legislation is causing concerns amongst international investors as it introduces a new tax provision targeting nations applying digital service taxes on US tech companies. The […]
Crypto Tax Filing in Finland Doubles: More Citizens Reporting Digital Assets
A recent report reveals that the number of individuals filing cryptocurrency transactions on their tax returns in Finland has nearly doubled, from 8,200 to 16,000. This surge reflects […]
Trump Tax Bill Stalled by GOP Disagreement
Donald Trump’s proposed tax legislation faces an unexpected obstacle: a setback in the House subcommittee. The bill’s failure to gain approval is due to disagreements within the Republican […]
US Senators Push for Tax Change on Digital Asset Holdings
Two US senators, Cynthia Lummis and Bernie Moreno, are urging Treasury Secretary Scott Bessett to adjust a provision regarding corporate taxation on digital assets. In a letter dated […]
U.S. Sees Record Budget Surplus: April Surpasses $258 Billion
The U.S. Treasury Department reported a record budget surplus of $258 billion in April, marking the second-largest ever recorded and representing a significant 23% increase compared to the […]
Trump Proposes Higher Taxes for Wealthy Americans
Former President Trump has unveiled a proposal to raise taxes for high-income earners, aiming to reverse portions of the 2017 tax cuts enacted during his presidency. This move […]
Hashett to Announce Tax Announcement Today
The cryptocurrency community awaits Hashett’s upcoming tax announcement, with no official statements issued yet. This anticipated news will likely significantly impact digital asset reporting and compliance.
Russia Imposes VAT on Mining Equipment Rentals to Overseas Firms
The Russian Ministry of Finance has proposed a value-added tax (VAT) on businesses renting out mining equipment or data centers to foreign entities, aiming to clarify the taxation […]
Panama City Implements Cryptocurrency for Taxes
Panama City’s Mayor Mayer Mizrachi has announced a groundbreaking partnership with one of the nation’s largest banks to process tax payments using cryptocurrency. This initiative follows a previous […]
Panama City Embraces Crypto for Taxes: Payments Accepted in Bitcoin and Ethereum
Panama City has taken a bold step toward integrating cryptocurrency into its tax and fee payment system. Residents are now able to settle their taxes and municipal fees […]
Trump Proposes Eliminating Income Tax via Tariff Revenue
Former President Donald Trump has boldly suggested that U.S. tariffs could potentially replace income tax, a radical proposal that has sparked intense debate amongst economists and policymakers. During […]
Tech Giants Accused of Billions in Unpaid US Taxes
A new report by the UK-based Fair Tax Foundation (FTF) has accused tech giants like Amazon, Meta, Apple, and Netflix of avoiding billions in U.S. corporate income taxes […]
House Passes Trump’s Tax Plan, Raising Debt Ceiling for Economic Stimulus
The U.S. House of Representatives has voted to advance a tax plan championed by President Trump and raise the debt ceiling, aiming to boost economic growth. This move […]