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G20 Prioritises Discussions on Digital Tax Amid Looming Tariff Threats from US
The Group of 20 finance leaders meeting this week for progress on a stalled plan to reallocate taxing rights on large multinational companies.The stakes in the negotiations are high. A failure to reach agreement on final terms could prompt several countries to reinstate their taxes on U.S. tech giants and risk punitive duties on billions of dollars...
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US States Shelve Plans To Accept Bitcoin Tax Payments Amid Crypto Crash
Two US states are steaming ahead with programs that will permit taxes to be paid in cryptocurrency, but the idea has been shelved almost everywhere else in the wake of the crash that has erased hundreds of billions of dollars worth of digital assets.
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Australia Plans Crypto Taxation as Government Gears to Reform Payment Laws
The government of Australia has begun thinking of ways to regulate the crypto sector. Along with bringing digital assets under the tax regime of the nation, Australia is also aiming to ensure investor protection. Foreign crypto exchanges operating in the country may also have to agree to store Australian data inside the country itself.
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RBI's Views Might Have Delayed Crypto Bill: Deputy Governor Michael Patra
RBI Deputy Governor Michael Patra said the central bank's views about cryptocurrencies might have delayed the government's proposed legislation on crypto assets.
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Digital Rupee in 2022–23: How Industry Stakeholders See the Move by Government
Digital Rupee is planned to launch in 2022–23, Finance Minister Nirmala Sitharaman revealed while presenting the Union Budget 2022 on Tuesday. Fintech industry stakeholders and cryptocurrency exchanges are optimistic about the move. However, some experts are raising concerns due to the lack of details at the moment.
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Crypto Tax Based On "Frequency, Magnitude Of Transactions": Finance Minister
India announced plans to start a digital currency and tax crypto assets, as the country keeps pace with the global move toward virtual financial instruments.
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Union Budget 2022: Digital Rupee Using Blockchain Technology to Be Launched by RBI in 2022-23
India will be getting its blockchain-backed digital currency this year, Finance Minister Nirmala Sitharaman said in her Union Budget speech on February 1, 2022. The Central Bank Digital Currency or CBDC will be regulated by the Reserve Bank of India. While Sitharaman did not announce any plans of banning the crypto sector, she did reveal a tax on c...
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NFTs to Fund Presidential Campaign in South Korea Amid Prevailing Crypto Regulatory Mayhem: Report
At a time South Korea is planning to tax and regulate the crypto space, its presidential candidate Lee Jae-myung has decided to fund his campaign through NFTs. The crypto-flavoured campaigning will begin from later in January.
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US Senator Cynthia Lummis Who Supports Bitcoin Plans to Introduce a Broad Crypto Bill in 2022
US Senator Cynthia Lummis plans to introduce a crypto bill next year that would radically alter the legislative and regulatory landscape for cryptocurrency in the US.
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US To Terminate Trade Retaliation Case Against India After Digital Tax Agreement
The U.S. Trade Representative's office said it is moving to terminate its trade retaliation case against India after Washington and New Delhi agreed on a global tax deal transition arrangement that will withdraw India's digital services tax.
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How Can The Government Tax Your Cryptocurrency Investments?
You need to have knowledge about taxation around cryptocurrency if you are planning to invest in the digital assets.
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EU Pauses Digital Tax Plan After US Push, but Ireland Sticks to Its Guns
The European Union agreed to delay a corporate tax plan for the bloc following pressure from the US administration and in a bid to facilitate a broader global tax deal, but EU member Ireland reiterated its criticisms of the wider reform.
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European Union Puts Digital Tax Plan "On Hold" Amid US Pressure
The European Commission said Monday it would delay its plan to propose an EU digital tax in order to not jeopardise efforts to secure a global deal on fairer taxation.
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Bitcoin Sinks Below $50,000 as Cryptocurrencies Stumble Over Biden Tax Plans
Bitcoin and other cryptocurrencies suffered hefty losses on concern that US President Joe Biden's plan to raise capital gains taxes will curb investment in digital assets.
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Facebook, Google, More Tech Giants to Face Digital Tax in Canada in 2022
Canada plans to impose a tax on corporations providing digital services from 2022 that will stay in place until major nations come up with a coordinated approach on taxation.
-
G20 Prioritises Discussions on Digital Tax Amid Looming Tariff Threats from US
The Group of 20 finance leaders meeting this week for progress on a stalled plan to reallocate taxing rights on large multinational companies.The stakes in the negotiations are high. A failure to reach agreement on final terms could prompt several countries to reinstate their taxes on U.S. tech giants and risk punitive duties on billions of dollars...
-
US States Shelve Plans To Accept Bitcoin Tax Payments Amid Crypto Crash
Two US states are steaming ahead with programs that will permit taxes to be paid in cryptocurrency, but the idea has been shelved almost everywhere else in the wake of the crash that has erased hundreds of billions of dollars worth of digital assets.
-
Australia Plans Crypto Taxation as Government Gears to Reform Payment Laws
The government of Australia has begun thinking of ways to regulate the crypto sector. Along with bringing digital assets under the tax regime of the nation, Australia is also aiming to ensure investor protection. Foreign crypto exchanges operating in the country may also have to agree to store Australian data inside the country itself.
-
RBI's Views Might Have Delayed Crypto Bill: Deputy Governor Michael Patra
RBI Deputy Governor Michael Patra said the central bank's views about cryptocurrencies might have delayed the government's proposed legislation on crypto assets.
-
Digital Rupee in 2022–23: How Industry Stakeholders See the Move by Government
Digital Rupee is planned to launch in 2022–23, Finance Minister Nirmala Sitharaman revealed while presenting the Union Budget 2022 on Tuesday. Fintech industry stakeholders and cryptocurrency exchanges are optimistic about the move. However, some experts are raising concerns due to the lack of details at the moment.
-
Crypto Tax Based On "Frequency, Magnitude Of Transactions": Finance Minister
India announced plans to start a digital currency and tax crypto assets, as the country keeps pace with the global move toward virtual financial instruments.
-
Union Budget 2022: Digital Rupee Using Blockchain Technology to Be Launched by RBI in 2022-23
India will be getting its blockchain-backed digital currency this year, Finance Minister Nirmala Sitharaman said in her Union Budget speech on February 1, 2022. The Central Bank Digital Currency or CBDC will be regulated by the Reserve Bank of India. While Sitharaman did not announce any plans of banning the crypto sector, she did reveal a tax on c...
-
NFTs to Fund Presidential Campaign in South Korea Amid Prevailing Crypto Regulatory Mayhem: Report
At a time South Korea is planning to tax and regulate the crypto space, its presidential candidate Lee Jae-myung has decided to fund his campaign through NFTs. The crypto-flavoured campaigning will begin from later in January.
-
US Senator Cynthia Lummis Who Supports Bitcoin Plans to Introduce a Broad Crypto Bill in 2022
US Senator Cynthia Lummis plans to introduce a crypto bill next year that would radically alter the legislative and regulatory landscape for cryptocurrency in the US.
-
US To Terminate Trade Retaliation Case Against India After Digital Tax Agreement
The U.S. Trade Representative's office said it is moving to terminate its trade retaliation case against India after Washington and New Delhi agreed on a global tax deal transition arrangement that will withdraw India's digital services tax.
-
How Can The Government Tax Your Cryptocurrency Investments?
You need to have knowledge about taxation around cryptocurrency if you are planning to invest in the digital assets.
-
EU Pauses Digital Tax Plan After US Push, but Ireland Sticks to Its Guns
The European Union agreed to delay a corporate tax plan for the bloc following pressure from the US administration and in a bid to facilitate a broader global tax deal, but EU member Ireland reiterated its criticisms of the wider reform.
-
European Union Puts Digital Tax Plan "On Hold" Amid US Pressure
The European Commission said Monday it would delay its plan to propose an EU digital tax in order to not jeopardise efforts to secure a global deal on fairer taxation.
-
Bitcoin Sinks Below $50,000 as Cryptocurrencies Stumble Over Biden Tax Plans
Bitcoin and other cryptocurrencies suffered hefty losses on concern that US President Joe Biden's plan to raise capital gains taxes will curb investment in digital assets.
-
Facebook, Google, More Tech Giants to Face Digital Tax in Canada in 2022
Canada plans to impose a tax on corporations providing digital services from 2022 that will stay in place until major nations come up with a coordinated approach on taxation.
