Europe’s DeFi tax gap is only temporary, warns a former OECD official, urging regulators to close loopholes before they widen and stressing that tougher reporting rules for crypto are inevitable.
Rep. Warren Davidson introduces the ‘Bitcoin for America Act,’ seeking federal recognition of Bitcoin as sound money, tax clarity, and legal protections for miners and users amid rising policy debate.
Germany’s Left and Greens propose ending tax-free Bitcoin gains for long-term holdings, aiming to close loopholes and raise revenue. The move could reshape crypto investing and prompt industry pushback.
A million taxpayers are set to receive up to $1,400 from the IRS in an effort to correct prior payment discrepancies. Affected individuals, primarily low- and moderate-income earners, can expect these refunds as part of the agency’s commitment to equitable tax relief.