Roger Ver, a prominent early investor in Bitcoin and famously dubbed “Bitcoin Jesus,” has been indicted by the Department of Justice (DOJ) on charges of mail fraud, tax evasion, and filing false tax returns. Ver was arrested over the weekend in Spain based on these criminal charges, and the U.S. intends to seek his extradition…
Dzmitry Skazau As the U.S. Presidential election draws nearer, many investors are eyeing the future of the soon-to-expire 2017 Tax Cuts and Jobs Act- a significant individual tax code overhaul that reduced taxes across income levels-and more specifically, its potential impacts on the municipal bond market. Although each possible election outcome will likely result in…
Hiroshi Watanabe/DigitalVision via Getty Images If we have learned anything from the past year’s market behavior, it is that very few predictions turn out to be helpful. The market goes up when you expect it to go down, and vice versa. But one thing is sure, eventually the market corrects, sometimes dramatically. When it does,…
PM Images/DigitalVision via Getty Images It has been some time since we updated the views on Greystone Housing Impact Investors LP. (NYSE:GHI). In November 2022, we took a negative stance on the company in light of the increasing risks to fund the distribution. We maintained that into February 2023, but the large price decline after…
DigiClicks What’s the ideal investment to meet the needs and preferences of retirees? Enterprise Products Partners (NYSE:EPD) would be my first choice. To begin with, it’s a great business with great management and a 25-year record which is unsurpassed in its category. Secondly, its earnings and distributions are steady and safe. Third, it’s cheap by…
pcess609/iStock via Getty Images It is that not-so-fun time of year when we all have to pay taxes. Giving up a significant chunk of hard-earned money is simply part of living in a modern society, but we still want to give up as little as possible. This article will provide tips on how to reduce,…
igorr1 Synopsis MGP Ingredients (NASDAQ:MGPI) is a leading supplier of branded spirits, high-quality distilled spirits, and food ingredients. It is one of the largest distillers in the US, and its branded spirits segment covers an extensive range of brands, including iconic names from its 2021 acquisition of Luxco. MGPI’s past financial results have demonstrated strong…
SasinT Gallery/Moment via Getty Images Trulieve Cannabis Corp. (OTCQX:TCNNF) [CSE:TRUL] presents a fantastic opportunity for investors interested in the U.S. cannabis sector. Its high-quality and consistent leadership, sound business strategy, and a genius tax plan can yield great results for years to come. This position aligns with Seeking Alpha’s Quant Rating of “Buy”. Introduction Trulieve…
FREDERICA ABAN/iStock via Getty Images ‘Tis the season to be jolly, but it is also the season to harvest tax losses. There are 3 key aspects of tax loss harvesting: How to use it to defer taxation How to convert deferred taxation into permanent gains How to benefit from other traders harvesting tax losses. This…
FTX’s legal team noted in the filing that paying the $24 billion could impede the repayment of funds to the exchange victims. Lawyers representing the bankrupt cryptocurrency exchange FTX have contested the United States Internal Revenue Service (IRS) claim of $24 billion in unpaid taxes. The attorneys insist that the IRS must substantiate its demands,…
The move to regulate and tax cryptocurrencies held on foreign exchanges comes as digital assets are gaining popularity in Brazil. The Brazilian Senate recently gave the green light to a new tax reform aimed at imposing a 15% tax on cryptocurrencies held on foreign exchanges. The proposed bill on crypto income has already received approval…
bankkgraphy By James Smith, Developed Markets Economist The chancellor is poised to get extra wiggle room UK Chancellor Jeremy Hunt is likely to be gifted with a rare bit of good news as he gears up for his Autumn Statement on 22 November. Not only has borrowing come in £20bn lower than forecast so far…
The group is suggesting a coordinated international push to tax billionaires. As governments of the world continue to tackle tax evasion, a new study has hinted at what might be their next line of action. This follows after an EU Tax Observatory group said that a global minimum tax on billionaires could help raise $250…
Aside from Coinbase has raised concerns about the potential adverse impact of the proposed law across various sectors within the digital asset ecosystem. The recent proposal from the US Internal Revenue Service (IRS) regarding crypto tax regulations has drawn strong criticism from Coinbase, the largest cryptocurrency exchange in the United States. Expressing deep concern, the…
Analysts at KeyBanc downgraded Apple shares from ‘Overweight’ to ‘sector-weight’ citing a weaker sales growth outlook. Apple Inc (NASDAQ: AAPL) top executives led by Chief Executive Officer (CEO) Tim Cook, senior vice presidents Deirdre O’Brien and Katherine Adams offloaded part of their shareholdings according to filings with the United States Securities and Exchange Commission (SEC)….
Richard Villalonundefined undefined Back on July 5, 2023, I explained in the article, Why I’m Buying DIA This Month Instead Of VOO that I was buying the SPDR Dow Jones ETF (NYSEARCA:DIA) with investments I made going forward because I expected I’d soon be getting some tax loss harvest opportunities. I believed that in a…
Japan has been actively reassessing its crypto tax regulations since last year, with a focus on creating an environment that encourages the growth of blockchain startups within the country. Japan’s financial regulator, the Financial Services Agency (FSA), has unveiled a groundbreaking proposal that could reshape the country’s crypto taxation landscape. On August 31, 2023, the…
Apple is now legally allowed to keep its taxation policy. As Justice Elena Kagan has ruled, the latest petition filed by Epic Games against Apple is declined. US Supreme Court has granted Apple Inc (NASDAQ: AAPL) permission to keep its App Store payment rules. It means that a 30% tax imposed on application developers tapping…
The initiative will be funded through the Inflation Reduction Act, which approved $80 billion over ten years for the IRS. The Internal Revenue Service (IRS) has announced that it will allow taxpayers to submit all their tax documents electronically for the 2024 tax season. Consequently, taxpayers will no longer need to mail or fax their…
Alisa Korolevskaya/iStock via Getty Images SalMar (OTCPK:SALRF, OTCPK:SALRY) is a company that has acted as a gold standard in terms of aquaculture returns on assets. The problem is that the industry in Norway has been slammed, where taxes will be levied from aquaculture on Norwegian shores. SalMar has some non-Norwegian businesses in Iceland and Scotland,…