South Korea Plans to Impose Income Taxes on Bitcoin ...

South Korea’s National Tax Service (NTS) is pressing ahead with a framework to enforce taxes on cryptocurrencies including bitcoin. Run under the purview of Korea’s Ministry of Strategy and Finance, the National Tax Service is tasked to assess and collect internal taxes in the country. As South Korea emerges among the world’s leading bitcoin and cryptocurrency trading markets,...

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Eni's Italian refineries at risk of shutdown after...

Reuters StaffMILAN (Reuters) - Italy’s Eni said on Wednesday its refineries in Italy were at risk of shutdown after Italian tax police seized assets as part of a probe into alleged tax evasion. The state-controlled oil major said in a statement a judge had ordered the seizure of devices used to measure oil products at its refineries and storage facilities across the ...

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Paradise Papers: Oxford and Cambridge invested tens of ...

By Luke Harding and Richard AdamsThe universities of Oxford and Cambridge, and nearly half of all Oxbridge colleges, have secretly invested tens of millions of pounds in offshore funds, including in a joint venture to develop oil exploration and deep-sea drilling, leaked documents from the Paradise Papers reveal.The files show that both universities ...

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Bitcoin smashes records as US flags new derivatives ...

By Gary McFarlaneChicago-based CME Group, which runs one of the world's largest derivatives marketplaces, announced today that it is launching bitcoin futures trading in the fourth quarter of this year. The bitcoin price immediately spiked on the news, hitting a record high at $6,392 on the CoinDesk bitcoin price index.This latest indicator of the coming-of-age of ...

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#PanamaPapers: MEPs accuse EU national governments of ...

EU Reporter CorrespondentSome EU member states are obstructing the fight against money laundering, tax avoidance and evasion, the EP committee of inquiry into the ‘Panama Papers’ leaks concludes.EU member states that received a special mention were the United Kingdom, Luxembourg, Malta and Cyprus.Co-rapporteur Jeppe Kofod (S&D, DK) said: “Europe needs to get its own house in ...

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Panama Papers: German authorities carry out first raids...

Author David Martin  German officials have reportedly seized €2 million from funds embezzled by a former manager at Siemens. The German company's slush fund was disclosed in last year's leaked Panama Papers.Germany's Federal Criminal Police Office (BKA) has carried out its first investigation after purchasing the so-called Panama Papers from an anonymous ...

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