What did you want to grow up to be when you were little? Firefighter?Teacher?Lawyer?Sanctions czar? That last one probably wasn’t on the list. But it might be in the future. Increasingly, companies and firms are creating positions that might not have existed a few years—or even months—ago. There’s always a […]
tax
One can’t really blame big business for launching yet another anti-tax campaign. After all, it’s what they do: Complain incessantly about the poor level of public services, while taking steps to make them even poorer. One can blame them, however, for taking these steps deceitfully. It would undermine voters’ rights […]
Introduction Non-fungible tokens, or NFTs, have become increasingly popular in a number of different industries, including visual arts, sports, and entertainment, where they are used to create and market digital collectibles. An NFT is a digital certificate of ownership of a virtual or physical asset that may include products, images, […]
The Ministry of Finance said the new tax, the first of its kind in the country, will be applied on the adjusted accounting net profits of a business above 375,000 AED (US$102,000), and would “be amongst the most competitive in the world.” The new corporate tax will not be […]
In 2019, Joshua Jarrett of Nashville engaged in a small-scale virtual currency staking enterprise using a home computer. Jarrett owned a few hundred thousand tokens in Tezos, a proof-of-stake (POS) platform that allows randomly selected users to generate new tokens by validating blockchain transactions. In essence, this staking process lets validators […]
On Jan. 31, the UAE Ministry of Finance published a press release, together with some frequently asked questions, on the introduction of a federal corporate tax on business, to be implemented in June 2023. Once in place, the UAE will join the other Gulf Cooperation Council (GCC) countries, except for […]
A new tax rule will impact millions of small businesses in 2022. You can thank one small change buried in the American Rescue Plan Act of 2021. Let’s suppose you’re a small business owner or freelancer, and you get paid from a digital payment service like PayPal, Venmo, Zelle, Cash […]