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In South Korea, Treating (And Taxing) Crypto Gains As Income

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To get a better handle on crypto – and to boost government coffers, perhaps – change the tax designation (and rules, of course). Under rules governing “other income,” a 20 percent rate is levied on 40 percent of total other income; the remaining 60 percent can be tax-deductible. Tax Policy Still Fluid.

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Treasurers Have Mixed Outlook On Tax Reform, TD Bank Survey Says

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tax reform on their organizations. Forty-two percent of professionals surveyed said they believe tax reform will lead to significant economic benefits for their organizations, TD Bank said. as a result of tax reform. A new survey from TD Bank suggests corporate treasurers have mixed outlooks on the impact of U.S.

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Bitcoin And The Bitter Tax Bite

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And lest you think changes in tax policy sow confusion only in the United States, think again. Bitcoin breeched a key psychological barrier on news that the South Korean government would tax income earned by virtual currency exchanges to the tune of 24.2 This past week saw a wild ride. For someone in the U.S.,

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Why Mexico’s SMBs Need A FinTech Operating System And Not Another Bank

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For individuals, the process can be equally frustrating, mandating that they go in person to the branch to activate those cards — and the wait, of course, can feel interminable when one simply wants to have access to funds. Of course, SMBs can’t get debit cards (virtual or tangible) if they can’t get incorporated in the first place.

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US Banks Expected To Lose 200K Jobs To Technology

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In the next 10 years, as robots and other tech bring about the “greatest transfer from labour to capital” the industry has witnessed, per a report by Wells Fargo analysts, U.S. Mayo said, according to the outlet, “It’s been a rocky 25-year marriage for banking and technology, but it’s finally getting on course.”.

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Bitcoin Daily: Crypto Livestreamer Loses $2M, Bitcoin Traders Hope For Post-Tax Day Surge

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In bitcoin news, cryptocurrency pundits are hoping that the world’s top cryptocurrency will rebound after Tax Day (April 17), CNBC reported. Tax-selling has been a significant factor in downward crypto prices over the past few weeks. Bitcoin has fallen more than 40 percent since the beginning of the year.

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Tax Reform Not Enough To Convince Corporates To Spend, AFP Finds

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Tax reform played a key role for several corporate successes in the first quarter of 2018. “The optimism generated from corporate tax reform seems to have done little to persuade organizations to spend their cash during the early months of 2018,” Kaitz said in a statement.

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