taxes

How to avoid taxes on a savings accountIf you keep the money in a regular savings account, you will generally owe federal income taxes on the interest earned. You'll pay taxes at your usual rate in the year the interest is earned, whether…

Speaking at the Heal-the-Divide PAC event, Democratic presidential candidate Robert F. Kennedy Jr. outlined specific Bitcoin-focused policies that he would enact as president, including gradual support for the US dollar with Bitcoin and…

Economy Protests over new taxes are worrying global investors Wednesday, July 19, 2023 Demonstrators light fires and block roads in protest against a tax hike in Nairobi, Kenya on July 12, 2023. Photo | Gerald Anderson |…

The IRS is displaying its new ability to aggressively scrutinize high-income tax evaders as it makes the case for sustainable funding and tries to head off budget cuts sought by Republicans who want to undermine the agency. IRS leaders…

Economy The local budget deputies had to pass punitive taxes Friday, June 23, 2023 Cars parked inside the parliament building. file image | NMG MPs dropped income taxes on their mileage claims, making it the culmination of…

ConsenSys, the company behind the MetaMask cryptocurrency wallet, has been covering up rumors that it collects taxes from cryptocurrency users. The company notified its 270,000 Twitter followers on May 22 that the rumor was based on…

Economy How will the new taxes affect fuel, M-Pesa fees, and salaries Friday 05 May 2023 Graphic | GENNEVIEVE AWINO | NMG The Treasury is targeting high-earners, M-Pesa transactions and fuel consumers to collect an extra…

The President of El Salvador, Neb Bukele, enacted a law eliminating all taxes on technological innovations, software and application programming, artificial intelligence, computer and communications hardware manufacturing. The law…

Economy The KRA will allow used car importers to defer taxes Monday, April 24, 2023 Used cars are imported into the Port of Mombasa on April 8, 2022. Photo | Wachira Mwangi | NMG Used car dealers and individuals will soon…