Biden Pledges to Eliminate Tax Loopholes for Crypto Traders — Vows to Make US Tax System Fair

U.S. President Joe Biden has promised to make the federal tax system fair by eliminating loopholes for crypto traders and hedge fund managers. He aims to “achieve tax code fairness” by “ensuring that the burden is shared by the wealthy, super-wealthy, and large corporations while safeguarding the middle class from any tax increases.” Biden Wants [...]

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$4M 'exit scam' suspected as Kokomo Finance flies off radar, token plunges

Kokomo Finance's social media presence and websites are offline, while the price of the KOKO token fell more than 95% within a matter of minutes.

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What is the Bitcoin Loophole, and how does it work?

Anyone can make money trading Bitcoin and other cryptocurrencies thanks to Bitcoin Loophole, a well-known automated trading platform.

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UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents

Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year 2024-25, according to the Exchequer’s recently published spring 2023 budget. New Criminal Offenses Planned by U.K. Government to Combat Tax Avoidance Amid the chaos in the banking sector following the collapse of Silicon Valley Bank’s [...]

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President Joe Biden Calls Off Tax Loopholes That Supports Wealthy Investors

According to the Forbes report, Kelly Phillips Erb 2 wrote that the President of the U.S., Joe Biden is closing

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Biden calls to end $18B ‘crypto tax loopholes’ — community begs to differ

Reddit users speculated that the president might be referring to the IRS wash sale rule not being applied to crypto yet. United States President Joe Biden recently shared an infographic on Twitter, calling to end “tax loopholes” that allegedly help wealthy crypto investors. Community members responded to the tweet, questioning the figures shared by the

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Biden Aides Explore Minting $1 Trillion Platinum Coin as Solution to Impending Debt Default

As the United States stares down the barrel of a potential debt default come June, a curious and intriguing solution has emerged: crafting a single $1 trillion platinum coin. This unusual tactic exploits a legal loophole that allows the Treasury Department to mint platinum coins of any value. By delivering such a coin to the [...]

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