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 […]
Trump Repeals IRS Cryptocurrency Tax Rules: Impact on Market Uncertain
President Trump signed legislation repealing the Internal Revenue Service’s (IRS) cryptocurrency tax regulations, significantly altering the landscape for digital asset taxation. This move, aimed at simplifying compliance and […]
Ukraine Unveils Proposal for High Crypto Tax Rate, Exemptions for Stablecoins
Ukraine’s financial watchdog has proposed a new framework to tax certain crypto transactions as personal income, aiming to build a comprehensive crypto tax system that aligns with international […]
U.S. Economic Team Proposes Tax Credit Plan to Combat Tariff Impact on Exports
The U.S. economic team is exploring a proposal for an ‘exporter tax credit’ plan to counter the financial strain of retaliatory tariffs. This initiative seeks to provide refunds […]