crypto: Budget to decide if crypto investment is business income

crypto: Budget to decide if crypto investment is business income

Mumbai: The government has sought opinion from senior tax advisors on whether the income earned from trading or investing in cryptocurrencies could be treated as business income as against capital gains from this year onwards, said two people involved in the discussions. The move could substantially increase the tax burden of crypto investors. The government … Read more

Cryptocurrency exchanges, experts raise concerns over government’s Budget Crypto Bill plan

Cryptocurrency exchanges, experts raise concerns over government's Budget Crypto Bill plan

Crypto exchanges are lobbying for definition of different types of crypto assets while the government looks to table the cryptocurrency bill in the parliament this budget session, said people with direct knowledge of the matter. The government’s current plan includes creating a broad framework around crypto assets that would give them a legal credence in … Read more

Keir Starmer misses PMQs and budget after positive Covid test | Keir Starmer

Keir Starmer has tested positive for Covid, the Labour party has confirmed, meaning he was unable to take part in prime minister’s questions and will not be able to respond to the budget. He has previously had to isolate four times during the pandemic.Ed Miliband took prime minister’s questions and Rachel Reeves, the shadow chancellor, … Read more

Life after COVID: EU re-thinks budget rules for new era

Life after COVID: EU re-thinks budget rules for new era

European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium May 5, 2021. REUTERS/Yves HermanStability and Growth Pact governs states’ borrowingPandemic debts and climate costs forcing rethinkDeep divisions remain over how loose rules should beBRUSSELS, Oct 18 (Reuters) – So often the source of rows between its members, the European Union starts reviewing … Read more