tax

Kenya's government plans to impose a 3% tax on cryptocurrency transfers to narrow the country's fiscal deficit and boost its domestic revenue. Kenya is among the leaders on the African continent in terms of cryptocurrency…

editorials Reducing waste and graft to justify tax collection Friday 05 May 2023 Reducing waste and graft to justify tax collection. file image | Swimming pool Even as the Treasury Department unveils a raft of taxes for the…

On May 2, 2023, the Biden administration unveiled a blog post outlining a Digital Asset Mining Energy (DAME) tax, which appeared in the president's sweeping 182-page budget proposal for fiscal year 2024. The DAME tax targets "make…

The White House Council on Economic Activities (CEA) is looking to sanction the crypto mining sector stating that high energy consumption by crypto miners has spillover effects on the environment and quality of life. In a major move,…

Natwest beat earnings expectations for the first three months of this year. NatWest Group, which includes the Royal Bank of Scotland and Ulster Bank, reported a pre-tax profit of £1.8 billion in the three months to March 31. The total…

The UK government borrowed £139.2 billion in the 2022-23 financial year, well below official forecasts, in a development that opens the way for possible tax cuts later in the year.The borrowing figure, published by the Office for…

Involved Share on Twitter Post on LinkedIn Share on Telegram Copy link Link copied Betterment LLC has accepted a $9 million penalty from the US Securities and Exchange…

Involved Share on Twitter Post on LinkedIn Share on Telegram Copy link The link has been copied Sweden is getting rid of tax incentives for data centers in July 2023. This…

Chinese authorities have fined leading crypto-mining hardware maker Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the digital asset sector, according to information from…

Despite a series of tax hikes introduced this month, on the second anniversary of the IR35 reform for the private sector, the legislation continues to top contractors' minds. The arrival of the 2023/24 tax year and with it a host of…