The Green Party in the German state of Hesse has caused controversy by revealing confidential discussions about proposed increases in allowances for leading parliamentarians. This revelation has strained the existing coalition between the Christian Democratic Union (CDU) and the Greens, with some suggesting a potential “coalition break”. The discussions revolved around a “Democracy Package” that […]
Henry Kissinger, the former US Secretary of State, shared a close friendship with Robert Holzach, a prominent figure in the Swiss banking industry. Holzach, who held positions as the chairman and later the president of the Swiss Bank Corporation (now UBS), deeply impressed Kissinger with his unwavering commitment to democracy and integrity within the business […]
A recent public consultation conducted by the Bank of Canada on the country’s central bank digital currency (CBDC) initiative has revealed a negative sentiment among Canadians. The consultation aimed to explore the role of CBDCs in a digital payment landscape dominated by credit cards. However, the survey, which received 89,423 responses, showed that Canadians are […]
The UK’s HM Revenue and Customs (HMRC) has introduced a new system for taxpayers to voluntarily disclose any unpaid tax on digital assets, including cryptocurrencies like Bitcoin, NFTs, and utility tokens. This initiative aims to increase oversight of the nascent asset class and help taxpayers rectify their tax affairs while potentially avoiding severe penalties and […]
Brazilians may soon face a new tax on income derived from cryptocurrencies held on exchanges outside the country. The Brazil Senate has approved new income tax rules that would require individuals to pay up to 15% tax on earnings over $1,200 made on foreign exchanges. The bill, which has already passed in the Chamber of […]
The UK government has implemented new guidelines for reporting and paying taxes on cryptocurrency assets. Individuals and entities dealing with cryptoassets must comply with these guidelines to ensure tax obligations are met. Failure to report earnings can result in penalties and interest charges. Taxpayers must initiate a voluntary disclosure through the Government Gateway and provide […]
A stakeholder in the blockchain and fintech ecosystem has urged the Nigerian government to implement regulations that will facilitate the widespread integration of blockchain technology in the country. The National Blockchain Policy, which was signed by former President Muhammadu Buhari, offers significant potential for economic growth, job creation, and financial inclusion. The President of the […]
Cardano co-founder Charles Hoskinson has criticized U.S. regulators for categorizing ADA and other cryptocurrencies as unregistered securities while giving bitcoin a pass. Hoskinson argues that bitcoin could also meet the legal criteria of an investment contract due to the broad nature of securities laws. The Securities and Exchange Commission (SEC) chairman, Gary Gensler, has suggested […]
In an effort to strengthen control and oversight in the world of cryptocurrency taxation, Spain has implemented new regulations requiring residents to declare their crypto assets held on non-Spanish platforms. The country’s tax agency has introduced a dedicated declaration form, known as Form 721, which individuals and businesses must use to report their holdings for […]
Working remotely from abroad can present various challenges and considerations. Immigration and visa requirements are a major concern, as different countries have different regulations. For instance, working without the proper visa in Thailand can lead to deportation. Remote workers need to determine whether a tourist visa is sufficient or if an employment visa is necessary. […]
