Capital gains tax

Warren Buffett redirected $140 billion from the Gates Foundation to his children’s charities, sparking debate about tax avoidance and philanthropy efficiency. Experts note that giving appreciated stock to foundations avoids capital gains and estate taxes, with Buffett’s move potentially saving $33 billion to $56 billion in taxes.

The UK will defer Capital Gains Tax on cryptocurrency transactions involving DeFi lending and liquidity pool deposits. Taxable disposal will now occur only when users cash out their assets, not when moving funds into these protocols.

South Africa’s tax authority proposed draft guidance clarifying how crypto assets are taxed under existing income and capital gains tax rules. The guidance seeks public input until Aug. 31.

An initiative to repeal Washington's 'millionaires tax' could also eliminate capital gains tax, according to opponents. Initiative supporters argue this claim is a misleading scare tactic.

Reports indicate wealthy individuals are leaving Washington state, but capital gains tax revenue has tripled, suggesting significant tax payments are still occurring.

The Greens will support the Albanese government’s negative gearing and capital gains tax changes under a deal that delays and adjusts Labor’s planned overhaul of the national disability insurance scheme. The agreement allows Labor to pass its budget measures before federal parliament’s winter break.

The AI boom and tech IPOs are creating significant wealth in Silicon Valley, with employees holding highly appreciated company stock. Wealth advisor Joey Carney outlines three strategies, including exchange funds, to help diversify portfolios and avoid large capital gains tax bills.

Prime Minister Anthony Albanese announced 'generous' capital gains tax exemptions for Australia's 2.7 million small businesses, startups, and testamentary trusts after facing criticism over Labor’s tax reforms. The changes aim to address backlash against shifting from a flat 50% CGT discount model to an inflation-linked approach, which industry groups labeled a 'tax on growth'.

Australian housing prices may rise again as economists predict eventual increases due to chronic undersupply once interest rates ease and tax changes take effect. The government's property tax reforms, including negative gearing and capital gains tax adjustments, have become a contentious political issue, drawing criticism for potentially harming home values.

India has removed the capital gains tax for foreign investors in government bonds to attract foreign capital and strengthen the rupee. The policy change aims to boost capital inflows into the country.

India has eliminated capital gains tax for foreign bond buyers to strengthen the rupee. The central bank maintained interest rates despite currency pressures from foreign outflows and the Iran war.

Former Australian Prime Minister Paul Keating urged the Labor Party to maintain its proposed capital gains tax reforms, warning that exemptions for commercial assets would harm the economy. The Albanese government's plan to replace the 50% capital gains tax discount with an inflation-based model faces opposition from small businesses and start-ups.

Labor MPs expect the Australian government will make concessions on capital gains tax changes for startup businesses following public backlash to the budget announcement. Several MPs are engaging directly with Treasurer Jim Chalmers' office seeking tweaks to the policy, expressing concerns that unclear communication could fuel scare campaigns.

Wes Streeting has unveiled a wealth tax proposal that would align capital gains taxation with income tax rates. The plan aims to address wealth inequality by equalizing how different types of income are taxed.

Wes Streeting, former health secretary, has proposed equalizing tax rates on capital gains and income as part of his Labour leadership pitch. He argues the current system unfairly favors asset owners over workers and describes his plan as a 'wealth tax that works'.

Wes Streeting, a former British health minister and potential Labour Party leadership challenger, has proposed equalizing capital gains tax with income tax as part of a 'wealth tax that works.' Streeting, who recently stepped down from his position, has called for Prime Minister Keir Starmer to set a timetable for his departure and indicated he may challenge Starmer in a future leadership contest.

Australia's proposed changes to Capital Gains Tax could discourage long-term crypto holding and may hurt low-income investors, potentially leading to more short-term trading. The changes were commented on by Robin Singh, CEO of Koinly. This may impact the crypto market.

The top 1% of income earners benefit from capital gains tax and negative gearing, with more than half of the CGT concession going to them. The federal budget includes changes to these policies, which some blame for fueling housing speculation. The richest individuals receive over $700,000 in tax concessions over their working life.

An investment fund is closing, forcing the sale of a £60,000 holding and resulting in a huge capital gains tax bill. The investors are seeking options to minimize their tax liability. They must sell their holding due to the fund's closure.

The Albanese government plans to replace the 50% capital gains tax discount on assets held over 12 months with a model taxing full real gains adjusted for inflation, affecting crypto investors. This change aims to adjust taxation according to inflation. The new model will impact investments in Australia.

South Korea is tightening oversight of firms moving cryptocurrency overseas and planning to impose a 22% capital gains tax on crypto from January 2027. This move aims to regulate cryptocurrency transactions. The new tax rule will take effect in 2027.

A user in Ireland discusses their hesitation to invest more in Bitcoin due to a 33% capital gains tax, which remains unchanged regardless of investment duration. They seek opinions on tax rates in other countries and whether further investment is worthwhile.

Deloitte warns that applying capital gains tax (CGT) and negative gearing reforms only to new investments would 'severely delay' budget repairs and economic growth. The firm estimates such a policy would generate only $500 million over four years if existing investments are excluded, highlighting concerns about the effectiveness of a 'grandfathering' approach.

The article discusses how cryptocurrency is taxed in the USA, highlighting IRS guidelines that treat crypto as property. It explains capital gains tax implications and reporting requirements for crypto transactions.

The UK has reintroduced tax-free status for Bitcoin investments, allowing investors to avoid paying duties on crypto transactions. This policy change aims to boost the cryptocurrency market and attract more investors to the UK.

The article compares a $30,000 investment in Bitcoin (2015) versus a rental property over 10 years. Bitcoin, held through crashes, yielded $1.5M–$2M, while rental property returned $175K–$195K after expenses. However, most Bitcoin investors panic-sell during crashes, leading to lower returns, whereas real estate's illiquidity prevents panic selling.

Republicans, led by Ted Cruz, are advocating for another capital gains tax cut, which the article criticizes as a tax break for the wealthiest 1%. The author argues that this policy is widely seen as unfavorable.