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Argentina’s Milei fires tax agency head over controversial tax on streamers

President Javier Milei has replaced the leadership of the country’s revenue agency following the introduction of a new tax regime targeting digital creators.

Argentine President Javier Milei has fired the head of the country’s tax authority amid backlash over a controversial tax targeting streamers and influencers. 

According to local media reports, Florencia Mizrahi, who had served as the head of Argentina’s federal revenue agency, known as ARCA, was removed from her position following growing criticism over a new tax regime targeting streamers and influencers in the Latin American country. 

The tax plan would require digital content creators to report income generated from social media platforms, such as YouTube, Instagram and Twitch, including earnings from brand deals and advertising. 

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South Korea Opposition Party Agrees to Two-Year Moratorium on Crypto Asset Taxation: Report

South Korea Opposition Party Agrees to Two-Year Moratorium on Crypto Asset Taxation: Report

South Korea’s opposition party has reportedly agreed to delay the implementation of a new policy that imposes a tax on cryptocurrency earnings starting January 2025.  The Democratic Party of Korea (DPK) previously pushed back against the ruling People Power Party’s (PPP) proposal to postpone crypto asset taxation, which was supposed to take effect in 2021 […]

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Coinbase CEO Advocates Ending Individual Income Tax Entirely, Shifting Burden to Businesses

Coinbase CEO Advocates Ending Individual Income Tax Entirely, Shifting Burden to BusinessesCoinbase CEO Brian Armstrong wants to scrap income taxes entirely, dumping the 150,000-page tax code and shifting the chaos to businesses. Coinbase’s CEO Challenges America’s Tax Code Chaos With Controversial Idea Brian Armstrong, CEO of cryptocurrency exchange Coinbase (Nasdaq: COIN), has proposed a sweeping change to the U.S. tax system, calling for the elimination of […]

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Kenya Collects Over $77M in Taxes From 384 Crypto Traders

Kenya Collects Over M in Taxes From 384 Crypto TradersThe Kenyan government collected $77.5 million tax revenue from cryptocurrency traders in the last fiscal year. Kenya Seeks $465 Million in Crypto Taxes The Kenyan government collected $77.5 million (10 billion shillings) in taxes from cryptocurrency traders during the 2023-24 financial year, Anthony Mwaura, head of the Kenya Revenue Authority (KRA), recently disclosed. Mwaura, speaking […]

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IRS: Frozen Crypto Rewards Taxable Despite Account Lockdowns

IRS: Frozen Crypto Rewards Taxable Despite Account LockdownsCrypto rewards received before an account freeze are taxable in the year they’re received, even if holders can’t access their funds later, the IRS says. IRS Clarifies Tax Rules for Digital Assets in Locked Accounts The Internal Revenue Service (IRS) issued a memorandum in October, addressing the tax obligations of digital asset rewards in accounts […]

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Latam Insights: Brazil Pushes for BRICS Unified Financial System, Milei Axes Tax Enforcement Agency

Latam Insights: Brazil Pushes for BRICS Unified Financial System, Milei Axes Tax Enforcement AgencyWelcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazil declares the necessity of creating a BRICS-centric financial system, President Javier Milei axes the tax collection agency in Argentina, and crypto volumes spike in Brazil. Brazil Calls for Unified BRICS Financial System, […]

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Pennsylvania House of Representatives Passes Bi-Partisan Crypto Bill Protecting Citizens’ Rights to Self-Custody

Pennsylvania House of Representatives Passes Bi-Partisan Crypto Bill Protecting Citizens’ Rights to Self-Custody

Pennsylvania’s House of Representative is passing a new bi-partisan crypto bill that protects the self-custody rights of customers, establishes Bitcoin (BTC) as a valid payment method, and provides clear guidelines on how BTC transactions should be taxed. According to new documents, Pennsylvania’s House passed the bill – known as the “Bitcoin Rights bill” – earlier […]

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Netherlands seeks input on crypto tax monitoring laws to align with EU

The Dutch government wants to align its data collection rules for crypto service providers with the rest of the EU, saying it would “create more transparency.”

The Dutch government has asked for public input on proposed laws that would require crypto service providers, such as exchanges, to collect and share user data with the local tax authority — aligning with European Union rules.

“The aim of the bill is to create more transparency about the ownership of cryptocurrencies, which can prevent tax avoidance and evasion,” the Netherlands Ministry of Finance said in an Oct. 24 press release.

It added “nothing will change” for crypto owners under the proposed rules as they’re already required to file a tax return of their holdings to the country’s tax authority, the Belastingdienst.

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Bitcoin Is Digital Oil Well Fueling Rural Texas Economic Revival, Mayor Says

Bitcoin Is Digital Oil Well Fueling Rural Texas Economic Revival, Mayor SaysMayor Ward Roddam of Rockdale, Texas, sees bitcoin mining as the key to his town’s resurgence after the devastating closure of its largest employer, Alcoa. Comparing it to Texas’ oil boom, Roddam highlights how this modern technology is creating jobs, boosting revenue, and funding essential services. With over $1 billion in investments, bitcoin mining could […]

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Crypto Billionaire Flees London Over Offshore Tax Concerns

Crypto Billionaire Flees London Over Offshore Tax ConcernsChristian Angermayer, a billionaire crypto investor, has reportedly moved from London to Switzerland as the UK considers tightening tax policies on offshore wealth. Angermayer’s relocation signals the potential departure of other wealthy individuals fearing future tax hikes on non-domiciled tax arrangements. Crypto Investor Angermayer Leaves London Over Tax Concerns Billionaire crypto investor Christian Angermayer has […]

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