Zermatt, a ski resort town of 5,400 residents in Switzerland, has decreed that cryptocurrency bitcoin can now be utilized to pay taxes and other government services, Bloomberg reported.
Mayor Romy Biner-Hauser confirmed that her residents can now pay for an array of traditional government services using bitcoin. Broker Bitcoin Suisse will accept the payments through a tablet computer that converts the popular digital currency into francs, then transfers the funds to the municipal government.
Quite a lot has been going on:
Apple investors are cheering a record quarter why tax collectors might be too - MarketWatch
While Apple AAPL +2.09% investors and analysts are applauding the tech giant's record quarterly results , tax collectors are likely feeling good about the news too.
A family of four paying $1,200 a year for four wireless lines paid an estimated $260 on taxes, fees and surcharges on their devices last year, according to an analysis in 2019 from the Tax Foundation, a right-leaning think tank.
This could be the best tax decision you make all year
Now that tax season is officially underway, millions of working Americans will soon start gathering paperwork and reading up on ways to shield their income from the IRS. And there are plenty of valuable tax credits and deductions that can help you accomplish the latter. But if your goal is to save money on taxes, perhaps the single best way to get there is to make the one move that will also set you up for a financially secure future: contribute to a traditional retirement savings plan.
A sleeper of a tax increase - POLITICO
— Democrats campaigning on income inequality issues are talking more about a tax break that generally flies below the radar.
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— Another set of talks is opening on altering worldwide taxes in the increasingly digital global economy.
WELCOME TO WEDNESDAY from Morning Tax, with me standing in today as your usual host takes a midweek hiatus. Check in with some tips and info for all of us.
This may worth something:
Key changes to keep in mind while filing your 2019 taxes | KOMO
Filing taxes sooner helps prevent identity theft - WXOW
LA CROSSE, Wis. (WXOW) - Filing taxes earlier rather than later can help prevent identity theft, and there are local options for those who cannot afford a handler fee.
Filing one's tax returns with the IRS eliminates the option of someone else attempting to use that same number as a fraudulent social security number.
"The earlier you file, [then] nobody will have a chance to use your social security number," H&R Block Master Tax Preparer Tammy Pedersen Marker said. "So if you get yours in early, then no one can do it, so you won't probably have identity theft."
Other voices: Lesson from California: Roll back marijuana taxes to save legal market – Twin
California’s legal marijuana industry has been a bust, falling far short of the sales projected when voters legalized it in 2016.
Unfortunately, high taxes, a slow-moving permitting process and local government resistance has stifled the ability of the legal market to better get off the ground.
Estimates from Arcview Market Research and BDS Analytics suggest that black market sales of marijuana continue to make up the vast majority of marijuana sales in the state. Surveys of consumers have suggested that one factor keeping marijuana consumers away is the high rate of taxes.
Warren, Sanders wealth taxes could double US trade deficit, study finds
Wealth-tax proposals championed by Democratic presidential candidates Elizabeth Warren and Bernie Sanders could significantly increase the trade deficit over the next decade, according to a paper published this week.
The Tax Foundation, a conservative think tank based in Washington, D.C., estimated that the average trade deficit from 2020 to 2029 would more than double under both progressive candidates' proposals. The deficit would increase from the Congressional Budget Office's estimate of 3.10 percent to 6.94 percent under Warren's proposal and 7.53 percent under Sanders'.
Happening on Twitter
Americans should hear that President Trump is casually talking about cutting their Social Security and Medicare at… https://t.co/Td33dgq1WN SenSchumer (from New York, NY) Thu Jan 23 17:15:21 +0000 2020
President Trump promised that unlike other Republicans—he wouldn't touch Social Security and Medicare. He's alread… https://t.co/VtEb0u81Fq SenSchumer (from New York, NY) Thu Jan 23 16:34:44 +0000 2020
The Swiss ski resort of Zermatt is now accepting tax receipts in Bitcoin https://t.co/uc4UP3ynjL business (from New York and the World) Wed Jan 29 16:45:15 +0000 2020
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