Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to a recent report, the United Kingdom tax authority has sent out tens of thousands of “nudge letters” to individuals suspected of owing or underreporting taxes on their crypto asset gains. This move reflects the increased tax scrutiny of cryptocurrency investors … Read more
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Roger Ver, the early Bitcoin promoter often called “Bitcoin Jesus,” has reached what reports describe as a tentative deal to resolve a US criminal tax case by paying about $48 million. According to prosecutors, the payment would settle alleged tax shortfalls tied … Read more
Great Britain’s Reeves should break the income tax promise in the budget, says Think Tank
High income employees are not the only ones to worry about the minimum alternative tax – understanding the rules of the AMT can save you thousands of unexpected taxes. The minimum alternative tax (AMT) is a parallel tax system Created to guarantee that high income taxpayers pay at least a basic amount of federal income … Read more
Nigel Farage is faced with a meticulous examination of the way in which his clacton district house has been funded, which raises questions about stamp duties, tax and political hypocrisy. United Kingdom reform chief Nigel Farage is subject to increasing pressure to disclose the financial origins of a property of £ 885,000 in Clacton-on-Sea, Essex, … Read more
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure India’s Income Tax Department has intensified its efforts to curb tax evasion in the cryptocurrency sector, sending more than 44,000 notices to traders who failed to disclose their virtual digital asset (VDA) transactions in their income tax returns. Indian Tax Watchdog Ups … Read more
To an outsider, offshore tax havens might look like minor jurisdictions on a map, but for the world’s most wealthy, they are anything but, acting as mechanisms for protecting and controlling vast sums of money. There has always been a distance between wealth and visibility, whether through the turquoise shores of the Cayman Islands or … Read more
A tax project on the 3.5% versions on the money sent from the United States to non-citizens abroad has sent shock to countries that depend on international transfers. Part of the law on “One Big Beautiful Bill” currently in front of the American Senate, the levy would affect 40 to 50 million non-citizens in the … Read more
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Nigel Farage, a British politician and leader of Reform UK, a right-wing political party has outlined a crypto-friendly comprehensive plan to position the United Kingdom as a global leader in digital finance should his Reform party win the next general election. Speaking … Read more
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Slovenia’s Finance Ministry released a draft bill that would tax profits from the sale of cryptocurrencies at 25%, potentially sealing the nation’s status as a tax haven for investors in digital assets. The plan is designed to close a loophole that currently … Read more