income tax – DIGIT INFO

Russian gov’t approves new crypto taxation framework

DIGIT — Thu, 28 Nov 2024 08:58:35 +0000

The Russian Federation Council’s approval of the new crypto taxation regime comes amid Bitcoin hitting all-time highs against Russia’s national currency, the ruble.

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Former President Trump floats idea of eliminating federal income tax

DIGIT — Sat, 26 Oct 2024 22:04:52 +0000

According to the most recent Polymarket odds, the former President currently has a 65% chance of winning the Presidential election.

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Trump’s No-Income-Tax Vision: What America Looked Like Without Income Taxes

DIGIT — Fri, 25 Oct 2024 14:30:46 +0000

In a lively exchange on Fox & Friends this week, former U.S. President Donald Trump floated an intriguing idea: doing away with income taxes entirely. ‘There is a Way’: Trump’s Nostalgic Call for Ending Income Taxes During the television segment, Donald Trump took a nostalgic trip down memory lane, recalling a time when Americans didn’t […]

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Crypto staking Jarretts again sue IRS over block reward taxes

DIGIT — Fri, 11 Oct 2024 05:43:04 +0000

A previous case brought by Josh and Jessica Jarrett was dismissed in 2022 after the IRS conceded to refund some of the tax paid.

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Japan’s Financial Services Agency Includes Crypto in 2025 Tax Proposal

DIGIT — Wed, 04 Sep 2024 07:30:47 +0000

The Financial Services Agency has released its tax reform requests for fiscal year 2025, highlighting the need to consider the tax treatment of virtual currency transactions as financial assets. This marks the first time virtual currencies are mentioned in such requests. Industry groups have long called for changes to the tax system for virtual currencies, […]

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Brazil’s tax dept to summon info from foreign crypto exchanges: Report

DIGIT — Tue, 18 Jun 2024 23:38:11 +0000

The Federal Revenue of Brazil is publishing an ordinance this week to look for any potential “illegality” and info on what Brazilians may be owing in tax.

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Donald Trump Proposes Elimination of US Income Tax, Introduction of Tariffs

DIGIT — Fri, 14 Jun 2024 14:00:08 +0000

U.S. presidential candidate and former 45th President Donald Trump has been proposing the idea of eliminating the country’s income tax and substituting it with tariffs. Trump Discusses Tariff-Based Revenue System With Republican Lawmakers On June 13, Donald Trump met with Republican lawmakers in Washington and reportedly discussed abolishing income tax. According to sources from several […]

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China Fines Bitmain $3.6 Million for Tax Violations, Report

DIGIT — Thu, 13 Apr 2023 06:04:57 +0000

Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the digital asset sector, according to information from the crypto community. Bitmain Fined for Failing to Pay Income Tax on Behalf of Employees One of the world’s largest producers of devices […]

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‘I anti-endorse these projects’ — Buterin’s shitcoin war sees him sent another 250K

DIGIT — Fri, 10 Mar 2023 01:24:34 +0000

Earlier this week, the Ethereum co-founder sold $700,000 worth of “shitcoins.”

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Income Tax Applies to Crypto Trading in Bosnia, Tax Administration Says

DIGIT — Mon, 13 Feb 2023 12:50:03 +0000

Individuals are expected to pay income tax on gains from cryptocurrency trading, the tax authority of Bosnia has determined. In the absence of dedicated regulations, the federal government in Sarajevo has set up a working group to assess various risks associated with digital assets. Income Tax Is Due on Profits From Crypto Trades, Bosnia Tax […]

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