Japan just moved to cut crypto tax from 55% to 20%. Why it matters globally
The world’s third-largest economy is reclassifying crypto as a financial instrument and charting a path to slash punishing tax rates. The change reaches far beyond...
Tag : tax
Illinois governor approves crypto transaction tax despite industry uproar
Illinois is going ahead with a 0.2% “privilege tax” on crypto transactions involving its residents under a new $55.9 billion state budget bill signed Tuesday....
Musk triggers wealth tax clash after net worth beats Bitcoin
Elon Musk’s net worth has briefly climbed to nearly $1.4 trillion, surpassing Bitcoin’s market value at the time after SpaceX shares reached an intraday high...
India issues over 44,000 crypto VDA tax notices, finds $104M in hidden income
India’s crypto tax checks have become stricter after the Income Tax Department issued more than 44,000 notices linked to virtual digital asset filings. Summary India...
Japan crypto bill advances with ETF, tax reform path: Report
Japan’s Lower House reportedly passed a bill that would bring crypto assets under the country’s financial instruments framework, potentially opening a path to exchange-traded funds...
Crypto tax bills draw scrutiny as House hearing opens debate
A House tax package for digital assets has drawn questions from lawmakers during an early committee hearing. The Ways and Means Committee reviewed bills meant...
Crypto Tax Bills Face Pushback in House Committee Hearing
In brief A House hearing exposed divisions over six GOP crypto tax bills. Democrats questioned exempting staking and mining rewards from taxable income, arguing it...
Trump adviser Patrick Witt backs sweeping crypto tax bills
Trump adviser Patrick Witt has backed six House crypto tax bills as lawmakers seek to clarify rules for staking, mining, and digital asset transactions. Summary...
Congress to Discuss Crypto Tax Rules: What to Watch
In brief The House Ways and Means committee will review a package of crypto tax proposals at a hearing on Tuesday. Lawmakers will revisit how...
House Committee unveils crypto tax plan that could reshape DeFi
The U.S. House Ways and Means Committee has released seven crypto tax discussion drafts that would introduce new rules for decentralized finance lending, stablecoin payments,...