Filing taxes last year was a nightmare for taxpayers, their accountants and the Internal Revenue Service. This year might not be much better. The IRS is still working to issue guidance for the changes to the tax code signed into law more than two years ago. Congress also passed a series of tax breaks late […]

The decentralized finance (DeFi) boom of 2019, leading to over $758 million in locked crypto assets, is already making accountants dizzy.  If you lock up bitcoin or ether in exchange for a synthetic asset or a stablecoin, as nearly a dozen projects and platforms today allow, is that a trade or merely a temporary reorganizing of the original

U.S. lawmakers have resurrected a bipartisan push to exempt gains from small cryptocurrency transactions from being taxed.  On Thursday, Reps. Suzan DelBene (D-Wash.), David Schweikert (R-Ariz.),  Darren Soto (D-Fla.) and Tom Emmer (R-Minn.) introduced “ The Virtual Currency Tax Fairness Act of 2020,” an amendment to IRS tax code that would exempt realized gains under

ANSA) – Rome, January 14 – The government’s planned tax-wedge cut will be for those excluded from an existing 80-euro monthly benefit, Economy MInister Roberto Gualtieri said Tuesday.    Speaking at a brainstorming seminar of his centre-left Democratic Party (PD), Gualtieri said “we want to start the first tranche of the fiscal reform as soon as

The New York State tax department sends STAR school tax relief checks to tax-delinquent homeowners because it does not have the legal authority to stop it, a top tax official acknowledged at a state Assembly hearing Tuesday. “We’re not in a position to withhold that advance payment based on the statute as it is today,” Andrew

Tax policy is the key risk to U.S. stock prices arising from the 2020 U.S. election, according to Goldman Sachs  The Wall Street giant sees a durable profit cycle and continued economic expansion lifting the S&P 500 to 3,400 points by the end of 2020, but anticipates that policy uncertainty surrounding the election outcome will keep

Netflix has been accused of funneling as much as $430M of its international profits into tax havens, while at the same time receiving more than $1M in tax relief in the UK. A report by British think-tank Tax Watch said that, like other major tech companies including Google and Amazon, “there is little doubt that

President Muhammadu Buhari on Monday signed the Finance Bill 2019 into law after assenting to the document, which was created to help the country increase its revenue. In a message via his verified Twitter page this afternoon, President Buhari said he said the bill into law in the morning, thanking members of the National Assembly

The belief in some quarters that the increase in Value Added Tax (VAT) is the only elixir the country needs to cure its ailments has been punctured by Taiwo Oyedele, a  tax expert with PricewaterhouseCoopers (PwC).According to him, the receipts from  this kind of tax would not the country anywhere. “It is a drop in the