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Lawyer: WA Supreme Court has ‘convoluted opinion’ over capital gains tax
The Washington Condition Supreme Court docket manufactured its ruling Friday to uphold the constitutionality of the state’s funds gains tax inspite of many opponents demanding it, claiming it’s a slippery slope for the state to build an profits tax. As of the court’s ruling, a 7{c024931d10daf6b71b41321fa9ba9cd89123fb34a4039ac9f079a256e3c1e6e8} tax will be placed on the sale or exchange of cash property earlier mentioned $250,000. “They think about it one thing of an ‘Alice in Wonderland’-like vogue — an excise tax,” previous Bothell Mayor Mark Lamb stated on The Jason Rantz Clearly show on AM 770 KTTH. “They are analogizing this to our actual estate excise tax or estate tax, expressing that the money…
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Tax Planning To Reduce The Effects Of The FTX Collapse: Advice From A Canadian Tax Lawyer – Capital Gains Tax
Introduction: Significant Cryptocurrency Crash Impacts Investors Globally On Friday, November 11, 2022, the cryptocurrency derivatives exchange FTX Trading Ltd. revealed that it had applied for Chapter 11 bankruptcy protection in the United States. The company had previously been valued at over USD $32 billion. This signaled FTX’s collapse. Only a week had passed since Binance, FTX’s main rival in the cryptocurrency exchange market and an investor in FTX, announced that it would be selling a sizable portion of its holdings in the native cryptocurrency tokens of FTX, or FTT, sparking widespread investor concern and speculating about FTX’s financial stability. Concerns about FTX’s true solvency were raised as a result of…
