Taxpayer – DIGIT INFO

Elon Musk Offers to Assist Donald Trump Boost Government Efficiency

DIGIT — Tue, 13 Aug 2024 23:46:08 +0000

Tesla and Spacex CEO Elon Musk has offered to assist former U.S. President Donald Trump in managing government spending if Trump is re-elected, proposing the creation of a government efficiency commission. Trump endorsed the idea, praising Musk as “the greatest cutter” and suggesting he would be a great leader for such a commission. Trump and […]

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NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout

DIGIT — Mon, 13 Mar 2023 00:05:22 +0000

On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the U.S. Federal Reserve, Treasury Department, and FDIC explained that all Signature depositors would be […]

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Brazil’s oldest bank allows residents to pay their taxes using crypto

DIGIT — Sun, 12 Feb 2023 06:17:01 +0000

The move will allow Brazilian taxpayers to easily settle their tax liabilities, meanwhile expanding “access” to the digital asset ecosystem.

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Romania Carries Out Raids as Part of Crypto Tax Evasion Probe

DIGIT — Sun, 08 Jan 2023 09:30:52 +0000

Authorities in Romania have conducted more than a dozen raids against people suspected of hiding income from cryptocurrency operations. The searches took place in late 2022 following an earlier investigation which established that crypto traders had failed to report digital assets exceeding $50 million in value. Law Enforcement and Tax Authorities in Romania Go After […]

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Tax Collector Wants $55 Million From Collapsed Bitcoin Ponzi Scheme MTI — Liquidators Accused of Failing Their Duty

DIGIT — Sun, 24 Jul 2022 09:00:12 +0000

In a fresh twist to the collapsed bitcoin Ponzi scheme Mirror Trading International (MTI) saga, revenue collector South African Revenue Services (SARS) has demanded $55.3 million from the scheme’s liquidators. The revenue collector added that it wants the tax bill settled before the MTI liquidation process is finalized. Liquidators Failing ‘as the Deemed Public Officers’ […]

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Japan Leverages 80 Tons of Gold to Help Fund Part of Its Stimulus Package

DIGIT — Mon, 21 Dec 2020 11:05:29 +0000

Japan’s finance ministry has reportedly leveraged 80 tons of gold to help fund part of its huge stimulus package aimed at combating the coronavirus crisis. The Asian country, which is saddled with public debt twice the size of its economy, is under pressure to find non-tax revenues to cover the rising cost of spending to […]

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Brazil Revenue Collector’s Data Shows Cryptocurrency Volumes Exceed $6 Billion Between January and September

DIGIT — Tue, 15 Dec 2020 10:00:10 +0000

Raw data from the Federal Revenue of Brazil (RFB) shows that crypto traded volumes in the country exceeded $6 billion between January and September this year. According to the data, bitcoin dominates as it accounts for over 80% of traded volumes. Still, other cryptos like bitcoin cash, dai, and dogecoin had significant volumes in the […]

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Russian President Vladimir Putin Signs Order Compelling Government Workers to Disclose Crypto Holdings

DIGIT — Sun, 13 Dec 2020 18:30:04 +0000

Russian President Vladimir Putin has signed an order compelling the country’s government workers to disclose their cryptocurrency holdings. The order stipulates that employees must submit details of where they bought the digital assets and the value thereof by June 30, 2021. Similarly, children and spouses of government employees must disclose their digital asset holdings, according […]

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Japan Tax Agency Says Individuals Earning $1,800+ in Crypto a Year Will Declare Tax

DIGIT — Mon, 16 Jul 2018 14:55:24 +0000

The Japanese NTA (Tax Agency) has announced a new strategic policy put in place by July 15th to promote and improve the environment for people and companies to spontaneously declare their virtual currency income tax returns. Also read: Japan Contemplates Scrapping Its Progressive Crypto Tax Rate NTA to Devise Simplified and Automated Tax Return Filing Method […]

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Crypto Incomes Declared on Tax Returns in Russia

DIGIT — Fri, 15 Jun 2018 06:48:55 +0000

Taxpayers in Russia have started declaring incomes and profits from crypto transactions even before cryptocurrencies are legalized in the country, results from this year’s tax campaign show. The Finance Ministry has again clarified the applicable tax rules, while the State Duma is still fine-tuning the upcoming regulations. Also read: Russian Railways Eyes Crypto for Tickets, […]

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