Russia is facing several economic sanctions for its invasion of Ukraine. UK sanctions will depend on action in low-tax jurisdictions such Guernsey and Jersey to restrict Russian capital.
The Indian government is ambitious to adapt to the blockchain environment by imposing a tax on digital assets. Yet the 2022 budget lacks clear guidance and regulators need robust tools to follow the money.
UK Member of Parliament (MP) Margaret Hodge says Britain has become a “jurisdiction of choice for dirty money, kleptocrats, and criminals” in an exclusive interview with ITR.
The US government is weighing up whether to suspend its gas tax of 18.4 cents per gallon of petrol because of rising inflation, despite its commitments to tackle climate change.
Charles Rettig, commissioner of the Internal Revenue Service (IRS), is pushing for the US to impose stricter reporting requirements on crypto-assets such as non-fungible tokens (NFTs) to prevent tax evasion.
