Tax News
SBF jailed, FTX partners under attack: Law Decoded
The FTX affair continues to unravel. Sam Bankman-Fried, the former CEO of the failed crypto exchange, will be held in jail through the end o...
Brazil’s Congress moves to levy higher taxes on cryptocurrencies
Brazilian lawmakers are moving forward with a legislation that would raise taxes on cryptocurrencies held overseas. According to local repor...
Apple’s 30% tax rules will stay for now, crypto and NFTs may have to wait
Crypto app developers hoping for a loosening of Apple’s App Store rules will have to wait longer after a United States Supreme Court h...
Futures Rise On Hope China’s Deflation Will Lead To More Policy Easing
S&P futures point to a higher open after China officially entered into deflation with -0.4% CPI print, continuing the buying momentum fr...
Sentiment inches higher in light newsflow, US 10yr due – Newsquawk US Market Open
European bourses are firmer as the tone improves while US futures attempted to claw back recent downside DXY dips under 102.50, Yuan in focu...
A Long-Awaited Crypto Tax Rule Was Written Months Ago. Why Isn’t it Proposed?
Senators have told the IRS to hurry its regulations on brokers reporting crypto transactions while crypto lobbyists question whether the del...
FTX has a plan, but creditors are not impressed: Law Decoded
FTX has outlined its intended reorganization plan, which will categorize claimants of the bankrupt exchange into specific classes and pave t...
Elizabeth Warren, Bernie Sanders Demand Closure Of “$50 Billion Crypto Tax Gap”
United States senators, including Elizabeth Warren and Bernie Sanders, have claimed that crypto tax evaders are siphoning off billions from ...
Ukraine claims $81m tax gap from unregulated crypto exchanges
Ukrainian authorities allege crypto exchanges have evaded over $81 million in contributions to the national budget over the past ten years. ...
Elizabeth Warren pressures Treasury, IRS for swift action on $50B crypto tax loophole
In a recent letter addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, US Senators led by Elizabeth Warren have...
Elizabeth Warren, Bernie Sanders urge closure of ‘$50 billion crypto tax gap’
A number of United States’ lawmakers have urged the Internal Revenue Service (IRS) and the Treasury to speed up the closure of tax loophol...
Elizabeth Warren, Bernie Sanders Demand Crackdown on ‘Crypto Tax Evaders’
Left-leaning lawmakers have urged the IRS and the Treasury to publish tax reporting guidelines for cryptocurrency brokers—and then vigorou...