Chancellor Jeremy Hunt Proposes Innovative Approaches to Address Taxation Challenges
In a recent interview with The Times, Chancellor Jeremy Hunt has put forth a forward-thinking strategy to tackle rising taxes in the United Kingdom. Hunt emphasized the significance of welfare reforms and the integration of cutting-edge technology into the public sector as key measures to alleviate the growing tax burden. Hunt believes that embracing technological […]
South Korea tightens grip on undeclared overseas crypto worth $99B
South Korea’s tax agency has reported that citizens and businesses in the country hold approximately 131 trillion won, or around $99 billion, in overseas crypto assets. This staggering figure accounts for 70% of all offshore assets disclosed by South Koreans this year. Moreover, the tax authority revealed that 1,432 individuals and entities are behind these […]
Slovakia paves the way for crypto boom with reduced tax rates
In a significant move towards embracing the digital revolution, the National Council of Slovakia, the country’s legislative body, has approved an amendment that will reduce taxes on cryptocurrency income. This decision is expected to create a more favorable environment for crypto holders, enticing them to invest in digital assets. The approved change, passed on June […]
