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  • Scott Eells | Bloomberg | Getty Images Benjamin Lawsky, superintendent of the New York State Department of Financial Services After 3,700 public comments, the proposed licensing for bitcoin-related firms has been slightly relaxed. Benjamin Lawsky, New York state superintendent of financial services, announced his new proposal for the so-called BitLicense in a Thursday speech. The […]

  • The Swiss Federal Council has adopted dispatches on five double taxation agreements, which will now be submitted to Parliament for approval. The treaties with Estonia, Ghana, Iceland, and Uzbekistan either replace or revise the current deals, while the agreement with Cyprus is Switzerland’s first with the territory. All of the DTAs contain administrative assistance provisions […]

  • Changes to Switzerland’s value-added tax rules will come into effect from January 1, 2015, through changes to the Value-Added Tax Ordinance. In changes approved in November, foreign companies will be liable to register and account for VAT on supplies made in Switzerland if their turnover in Switzerland amounts to at least CHF100,000 (USD103,600). This change […]

  • BRATISLAVA, Dec. 8 (Xinhua) — Chinese and Slovak leaders on Monday pledged to deepen cooperation in economy and trade, and to strengthen relations between the Communist Party of China (CPC) and Slovak political parties. Wang Jiarui, vice chairman of the National Committee of the Chinese People’s Political Consultative Conference, made the pledge when meeting with […]

  • BEIJING, Dec. 12 (Xinhua) — China will raise taxes on oil products from Saturday, the second increase in a month. Tax on gasoline, naphtha, solvent oil and lubricating oil to will rise to 1.4 yuan (about 23 U.S. cents) per liter from 1.12 yuan. The levy on diesel, jet fuel and fuel oil will be […]

  • The US government has been seriously studying bitcoin for about two years now. The FBI knows how to seize the digital currency. The Marshal’s Service knows how to sell it. The IRS knows how to tax it. And now, the Federal Reserve should copy it. So says James Angel, a professor of economics at Georgetown […]

  • Microsoft will now accept bitcoin payments for digital content such as games, videos, music and applications on Windows Phone and Xbox. Microsoft posted a “how to” guide on its e-commerce website, directing customers how to pay for products using digital wallets. IGOR – FOTOLIA Bitcoins can be paid into a Microsoft account from a digital […]

  • Facebook paid £1.8million in Irish tax on more than £2.3billion global sales Social network has been accused of channelling profits through Ireland  This has allowed the company to avoid tax in the UK for two years running Facebook ‘refused to listen’ to British public by not paying UK tax, MP says Margaret Hodge called for […]

  • MasterCard has used a submission to a Senate inquiry to argue for Australian regulators to move against the pseudonymity of digital currencies such as Bitcoin. “Any regulation adopted in Australia should address the anonymity that digital currency provides to each party in a transaction,” the company’s submission (PDF) states. “Contrary to transactions made with a […]

  • Global Advisors, a firm based in Jersey that manages the first regulated bitcoin fund, has been served notice by its bank, HSBC. The firm said it received a notice from HSBC indicating that the company’s bank account would be closed in 60 days. A meeting with HSBC personnel at the firm’s office in Jersey revealed that the […]