article thumbnail

Washington State Capital Gains, Er, Excise Tax

TrustBank

As some of you may recall, the Washington state legislature had passed a 7% tax on capital gains on the sale of certain assets. Before it could take effect a trial court in Douglas County ruled that this was an invalid income tax in the state of Washington. Last Friday they ruled that this tax is a valid excise tax.

article thumbnail

In South Korea, Treating (And Taxing) Crypto Gains As Income

PYMNTS

To get a better handle on crypto – and to boost government coffers, perhaps – change the tax designation (and rules, of course). Under rules governing “other income,” a 20 percent rate is levied on 40 percent of total other income; the remaining 60 percent can be tax-deductible. Tax Policy Still Fluid.

Taxes 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Treasurers Have Mixed Outlook On Tax Reform, TD Bank Survey Says

PYMNTS

tax reform on their organizations. Forty-two percent of professionals surveyed said they believe tax reform will lead to significant economic benefits for their organizations, TD Bank said. as a result of tax reform. A new survey from TD Bank suggests corporate treasurers have mixed outlooks on the impact of U.S.

Taxes 100
article thumbnail

Bitcoin Daily: Crypto Livestreamer Loses $2M, Bitcoin Traders Hope For Post-Tax Day Surge

PYMNTS

In bitcoin news, cryptocurrency pundits are hoping that the world’s top cryptocurrency will rebound after Tax Day (April 17), CNBC reported. Tax-selling has been a significant factor in downward crypto prices over the past few weeks. Bitcoin has fallen more than 40 percent since the beginning of the year.

Bitcoin 100
article thumbnail

Tax Reform Not Enough To Convince Corporates To Spend, AFP Finds

PYMNTS

Tax reform played a key role for several corporate successes in the first quarter of 2018. “The optimism generated from corporate tax reform seems to have done little to persuade organizations to spend their cash during the early months of 2018,” Kaitz said in a statement.

Taxes 100
article thumbnail

Bitcoin And The Bitter Tax Bite

PYMNTS

And lest you think changes in tax policy sow confusion only in the United States, think again. Bitcoin breeched a key psychological barrier on news that the South Korean government would tax income earned by virtual currency exchanges to the tune of 24.2 This past week saw a wild ride. For someone in the U.S.,

Bitcoin 123
article thumbnail

CRE loan distress: Spot the symptoms, diagnose, and treat problem loans

Abrigo

Consequently, all stakeholders of CRE assets are understandably nervous, including bankers and their investors who, due to the highly leveraged nature of CRE transactions, provided the bulk of capital financing the industry. Bring together the deal team, credit approvers, and workout experts to discuss and determine the grade and next steps.

Strategy 221