Taxation

Michelin CEO Warns: France’s Tax Policies Threaten Industrial Growth

2 months ago

In a stark warning to the French government, Florent Menegaux, the CEO of Michelin, has stated that excessive taxation is “killing” the nation’s industrial sector. Speaking at an economic event, Menegaux raised alarm over the rising burden of taxes that he believes stifles competitiveness and innovation among French manufacturers.

Nigeria Set to Amend Digital Asset Regulations to Impose Taxes on Cryptocurrency Transactions

3 months ago

Nigeria is making significant moves in the realm of cryptocurrency regulation by proposing amendments to its digital asset rules. The pending legislative changes are geared towards imposing taxes on transactions involving digital currencies, signaling a shift in the government's approach to these increasingly popular financial instruments.

France Stains Relations with Digital Tax Plan, Ignoring Retaliation Risks

3 months ago

France has firmly declared its intention to proceed with its controversial digital tax, despite facing potential retaliation from other countries, particularly the United States. The decision underscores Paris’s commitment to taxing large technology firms that have thrived amid the digital economy, often without contributing sufficiently to the tax revenues of the countries in which they operate.

India Intensifies Crypto Regulations While Upkeeping Tax Pressure on Traders

3 months ago

In a significant move to fortify its regulatory framework around cryptocurrencies, India has announced measures aimed at tightening oversight of the burgeoning digital asset market. This new approach underscores the government’s ongoing effort to establish a structured environment for crypto trading while balancing the need for taxation.

Lawyers Claim Tax Case Against Bitcoin Pioneer Violates Constitutional Rights

5 months ago

In a significant turn of events for the cryptocurrency community, lawyers representing Roger Ver, known as the "Bitcoin Jesus," have launched a vigorous defense against a tax case brought against him. The legal team asserts that the actions taken by the U.S. Government are not only unjust but also infringe upon his constitutional rights. The case has garnered considerable attention due to Ver’s prominent role in advocating for Bitcoin and his investments in various blockchain technologies.