IRS Confirms Mileage Rate Increase For The New Tax Year The Internal Revenue Service has announced an increase in the standard mileage rate for 2026. The adjustment reflects updated cost data and inflation trends. Business drivers will be allowed to deduct more per mile traveled. The change applies starting January 1, 2026. It represents a…
The Exodus of UK Company Directors The UK is facing a growing concern over a potential mass exodus of its wealthiest residents. Following the government’s introduction of stringent tax hikes in its inaugural budget last autumn, a significant number of company directors have reportedly departed the country. An examination of Companies House data, as analysed…
Brazil’s federal government is pushing ahead with plans to enhance oversight of cryptocurrency transactions, even as sweeping tax reforms on digital assets provoke sharp political debate. In a formal notice published via ComprasNet, Brazil’s online public procurement portal, the Ministry of Justice and Public Security called for proposals on new technology capable of monitoring and…
Mobile app developers and digital commerce are affected by the recent judgment from a U.S. federal appeals court. The court ruled against Apple’s over 30% compulsory ‘in-app purchase’ commission or “Apple Tax,” levied on all applications used on the Apple ecosystem. The Apple courts Apple will now enable app developers to incorporate hyperlinks to external…
Cryptocurrency holders in Russia now face a new hurdle when contesting their blockchain property rights in courts. Per a recent understanding of federal legislation, citizens must first register their digital assets with the Federal Tax Service (FTS) for their claims to be adjudicated in court. It is claimed that without this declaration, courts are barring…
COLUMBUS, Ohio — Ohio recently gained national attention when they announced plans to explore the possibility of enabling residents to pay state fees along with taxes using cryptocurrency such as Bitcoin. While the proposal introduces the potential of innovation in the state, critics have pointed out that doing so raises unnecessary risks to state finances.…
The country of Slovenia is proposing a new change to the law and its tax system rules. Slovenia, known to have one of the most pro-cryptocurrency policies in the Eurozone, is thinking of imposing a drastic evolution on its tax system, calling for a 25% tax on capital and profit gained from cryptocurrency investments. fiscal.…
Cost Crunch: UK Businesses Set to Lose Billions as Wages and Taxes Increase UK businesses are set to experience a significant financial strain starting from this week due to the rising cost of wages alongside tax hikes. Retail and hospitality business leaders are already cautioning that these added pressures will inevitably result in increased prices…
