Topic: #taxation
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House Ways and Means releases seven digital asset tax bills for June 9 hearing
The House Ways and Means Committee released seven discussion-draft bills targeting digital asset taxation on June 2, with a hearing scheduled for June 9. The proposals address de minimis exemptions, stablecoin treatment, mining and staking deferrals, wash sale rules, and charitable contribution appraisals, marking the most significant crypto tax reform since the IRS classified Bitcoin as property in 2014.
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House committee circulates seven crypto tax bills ahead of Tuesday hearing
The US House Ways and Means Committee released draft legislation addressing digital asset taxation, including proposals for de minimis reporting exceptions and reduced paperwork for crypto holders, ahead of a committee hearing chaired by Republican Jason Smith.
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EU proposes 0.1% crypto transaction tax, targeting €3-4B annual revenue
The European Commission proposed a 0.1% transaction tax on crypto trades alongside a capital-gains levy, projected to raise €3–4 billion yearly as part of a broader revenue package for the 2028–2034 budget period, though the plan requires unanimous approval from all 27 member states.