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Washington State Capital Gains, Er, Excise Tax

TrustBank

As some of you may recall, the Washington state legislature had passed a 7% tax on capital gains on the sale of certain assets. Before it could take effect a trial court in Douglas County ruled that this was an invalid income tax in the state of Washington. Last Friday they ruled that this tax is a valid excise tax.

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

PYMNTS

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

PYMNTS

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

PYMNTS

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

PYMNTS

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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Bitcoin And The Bitter Tax Bite

PYMNTS

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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French Tech Startups To Get $5.5B Cash Infusion

PYMNTS

Axa , Natixis , Aviva and Allianz are among asset managers and insurers recruited to invest in helping new tech companies overcome the lack of growth capital. Over the course of the last few years, France’s public investment bank Bpifrance was instrumental in contributing funds. 18), that $2.2 billion].”. in Palo Alto, told FT.

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