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Bitcoin Daily: S. Korea Eyes Crypto Capital Gains Tax; Crypto Lawyers See Rise In Demand

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South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. ” But Sung Tae-yoon , an economist with Yonsei University, warned that taxing cryptocurrencies could slow the country’s tech markets. .”

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GPS Capital Markets For Sale, Sources Say

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Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. The publication reported Thursday (Aug. As of last year, the company employed 63 people, reports said, citing Utah Business data.

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

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To get a better handle on crypto – and to boost government coffers, perhaps – change the tax designation (and rules, of course). As initially reported by The Korea Times , and as attributed to anonymous government officials, the ministry has directed its income office to examine the taxation of cryptos. Tax Policy Still Fluid.

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California Expects IPO Tax Windfall

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California is gearing up to get a tax windfall from all the initial public offerings of California companies slated for this year. According to a report in The Wall Street Journal , close to 10 percent of the tax revenue for the state in the coming fiscal year will come from capital gains. billion, noted the report.

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Mexico Eyes Investors With IPO Tax Cut

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Stocks in Mexico rose on the news that the country’s government would cut the tax rate for equity IPOs, and allow private pension funds the chance to invest in more instruments. Financial Times reported that Mexico’s IPC stock index was trading at 1.6 The tax rate for new equity will get slashed to 10 percent from 30 percent.

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Accountants Urge Clarity In SMB Accounting Rules Amid Tax Reform

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The American Institute of Certified Public Accountants (AICPA) submitted recommendations to policymakers this week, urging clarity and simplification in how the Tax Cuts and Jobs Act impacts small business (SMBs) accounting rules. The letter outlined eight recommendations for the Tax Cuts and Jobs Act.

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Sales Of Small Businesses To Spike, Driven By Tax Reform

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this year, driven largely by tax reform. The IBBA, along with M&A Source and the Pepperdine Private Capital Markets Project, announced their research on Monday (Feb. With the corporate tax rate dropping to 21 percent and the repatriation of overseas capital, companies will have more capital to allocate to acquisitions.

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