Indonesia to impose VAT, income tax on crypto assets from May
Indonesia plans to charge value-added tax (VAT) on crypto asset transactions and an income tax on capital gains from such investments at 0.1% each, starting from May 1, a tax official said on Friday, amid a boom in digital asset trading.
Biden to Impose a Minimum Tax on Billionaires in Budget Proposal
The White House is reportedly to ask Congress to enact a new minimum tax on billionaires as part of a budget proposal aimed at revitalizing President Biden’s domestic strategy and reducing the deficit. According to various media outlets, the Biden administration will seek a new minimum tax on billionaires in its 2023 budget proposal, which […]
Analysis: Musk’s Tesla stock sale poll raises taxing questions
When Elon Musk asked his Twitter followers last weekend if he should sell 10% of his Tesla Inc (TSLA.O) stock, he said he was posing the question because “much is made lately of unrealized gains being a means of tax avoidance.”
