Today news
About the same in other media
‘New Blow’ as Large Crypto Exchanges Are Told to Pay British Tech Tax
Reading now: 410
cryptonews.comCrypto exchanges operating in the United Kingdom – including the likes of Coinbase – will be forced to pay a recently created tech tax – with the British tax body, HM Revenue and Customs (HMRC), declaring that cryptoassets “are not financial instruments.”
The British Treasury last year announced the launch of a new 2% sales charge on online vendors, search engines and social media providers with global revenue of over USD 666.4m and domestic sales above the USD 33.3m mark.
Per the Telegraph, the tax office has informed crypto exchanges that they are subject to the levy, which was created in a bid to make sure the likes of Google and Amazon – who have been criticized for finding tax workarounds in the UK – contribute more to the Treasury’s
Read more on cryptonews.comAbout this in other media
As Covid mutates, the vaccine makers are adapting too theguardian.com /2 years ago
New EU rules could turn 4.1 million gig workers into regular employees euronews.com /2 years ago
New Zealand to ban future generations from buying cigarettes in bid to become 'smoke-free nation' euronews.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
