Regulatory Landscape & Taxation - India's tax office (CBDT) initiates formal discussions with crypto firms, signaling a potential shift from its stringent stance [1] - CBDT seeks input on designing a workable regulatory regime for virtual digital assets (VDAs) [1] - Stakeholders are consulted on the 30% flat tax and the 1% tax deducted at source (TDS) on trades [2] - CBDT addresses concerns regarding derivatives, cross-border transactions, and compliance with the OECD's new global reporting standard [2] Industry Concerns & Market Impact - The industry argues that current tax rules stifle liquidity and drive traders to friendlier markets [2] - Crypto exchanges compare India's regulations with those in other major jurisdictions [3] - The current framework taxes crypto more heavily than equities, treating every trade as a taxable event, hindering domestic activity [3] Future Outlook - Legal experts suggest the consultations could be the first step towards comprehensive regulation [3] - Crypto firms hope for a fairer tax regime and clarity on oversight [3] - India's future actions will determine its role in the global digital asset market [4]

Switzerland’s tolerance for foreign drivers clogging up its highways is wearing so thin that some politicians now want to make them pay extra for the privilege https://t.co/noJbIHcvSU ...

Workers in Las Vegas have a problem, and it’s one that “no tax on tips” can’t fix https://t.co/mCXRehTahh ...

Industry Issue - Las Vegas workers face a problem that "no tax on tips" cannot solve [1]

The U.K. is trying to tax the superrich. It’s off to a bumpy start. https://t.co/M1FUtHWqXV ...

The U.K. is trying to tax the superrich. It’s off to a bumpy start. https://t.co/Xa2zVm8rrK ...

The U.K. is trying to tax the superrich. It’s off to a bumpy start. https://t.co/BaV73buD4x ...

RT Bloomberg em Português (@BBGEmPortugues)Ao taxar o Brasil, Donald Trump traz uma ameaça aos planos presidenciais do governador de São Paulo, Tarcísio de Freitas. Por @andrewrosati e @barbarafn_Leia gratuitamente aqui 👇️ https://t.co/y9Uy6KwNU1 ...

Cryptocurrency Investment - An individual, Jerry, invested $3,217 in Bitcoin in 2018 [1] - Jerry's Bitcoin investment is now worth approximately $119,000, resulting in roughly $115,000 in unrealized gains [1] Taxation - The government is considering taxing unrealized gains on cryptocurrency investments annually [1] - Yellen indicated the potential taxation of unrealized gains [1]

After more than 24 hours of negotiations, the Senate has passed the bill. The overhaul of taxation and spending could spell trouble for America https://t.co/b7MWVWi2Ps ...