COMMENT: Crypto gains in Japan sit under “miscellaneous income,” pushing top-bracket traders to pay as much as 55% on profits.BSCN (@BSCNews):JAPAN CONSIDERS CUTTING CRYPTO TAXES FROM 55% TO 20% FOR APPROVED TOKENS- Japan’s financial regulator, the Financial Services Agency (FSA), is considering a plan to classify 105 cryptoassets, including Bitcoin and Ethereum, as financial products, according to a local https://t.co/yqVGaFGO2a ...

LATEST: 🇯🇵 Japan's Financial Services Agency intends to slash the crypto tax rate from as high as 55% to a flat 20% while introducing insider trading rules and mandatory disclosures for 105 cryptocurrencies, including Bitcoin and Ethereum. https://t.co/MDyDRzdmQQ ...

Discover the eight U.S. states with no income tax—plus how Washington taxes capital gains, what other taxes you’ll likely pay instead, and what to consider before relocating. https://t.co/hyW5BzlYTu ...

A one-time transfer outperforms an equal-installments method in most tax situations, research finds. https://t.co/189AHF9AgE ...

It's been a roller coaster day for UK financial markets. A report in the day's early hours that Chancellor Rachel Reeves was going to drop plans to raise income taxes caused the pound to tumble. UK borrowing costs soared.Then only an hour later, we reported that the reason this was being dropped was because forecasts for the country are looking better. That caused those moves to pair a little. Speculation about the budget is becoming more feverish as we head toward the November 26th announcement.And today's ...

Kenya’s High Court ruled that a private equity firm must pay tax on profits from the sale of a local business, even though the transaction was completed overseas https://t.co/xCZdqRkbmi ...

James, we had Reeves saying in her speech last week or at least hinting that she was going to break the manifesto. Then it seemed she wasn't going to raise income tax in the budget and now we've got these latest developments on forecasts. What's going on. What's the thinking behind all of this.>> Well, do you understand the thinking. There are three constituencies you need to bear in mind. The public, Labour MPs, and the markets.Reeves is trying to keep all of them happy. And so that was why two weeks ago s ...

UK Chancellor of the Exchequer Rachel Reeves is considering dropping plans to raise the headline rates of income tax and a slew of other levies at the coming budget https://t.co/2BrJC5hD3X ...

Retirement Planning & Investment Strategies - Approximately 42 million people in the US will turn 65 this year, highlighting the increasing need for retirement planning [1] - Rolling over a 401k into a checking account is considered dangerous due to potential taxes and penalties if not rolled into a qualified account like an IRA [3][4] - Health Savings Accounts (HSAs) are described as triple tax advantage accounts (tax-free in, tax-free growth, tax-free out for qualified medical expenses) and can serve as supplemental retirement accounts [8][9] - Overfunding an HSA results in a 6% penalty per year on the excess contribution [10] - Only 6% of people with HSAs have activated the investment function, missing out on potential market growth [16] Financial Habits & Long-Term Planning - Unconscious spending habits can lead to financial crisis; focusing on income, expenses, and where money is going is crucial [21][22] - Small business owners should prioritize saving for retirement, even with small amounts, and avoid relying solely on their business as their retirement plan [23][24] - A long-term planning horizon (10 years or more) improves the chances of a better retirement outcome [25][26] - It's important to understand annual spending needs 5-10 years before retirement to effectively plan for the cost of living in retirement [37] Retirement Account Considerations - When inheriting a Roth IRA, children must withdraw all the money within 10 years, but the withdrawals are tax-free [33][34] - For those required to take Required Minimum Distributions (RMDs) from an IRA, Qualified Charitable Distributions (QCDs) can be a tax-efficient strategy [29][30][31]

Embedded Tax Platform April Launches Real-Time Tax Estimation For Stock Trades https://t.co/sSwlfpLOAJ ...