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President-elect Donald Trump has signaled that his administration will take a friendlier approach to bitcoin and cryptocurrency, which may influence the way they are taxed in the US and abroad. In the US, bitcoin and crypto are currently viewed as property. Short-term gains (less than one year) are taxed between 10% and 37%, depending on income. Similarly, long-term bitcoin and crypto gains are taxed between 0% and 20%. US crypto holders may use their capital losses to offset their gains. For most individuals, the tax deadline is the same as for other assets: April 15. Up to the north, Canada taxes just 50% of a casual investor’s capital gains. Tax rates follow Federal Income Tax and Provincial Income Tax, meaning bitcoin and crypto are taxed between 15% to 33% depending on income. Gains may be offset by 50% of capital losses. Click to enlarge. Read more: CHART: How bitcoin and crypto are taxed in the EU Across the pond in the UK, capital gains tax ranges from ...

India is now inching towards establishing its reputation as one of the most powerful international trade contenders by bolstering its exports. In a recent interview with India ’s commerce and industry minister Piyush Goyal, the head of the realm, reiterated how India has noted a 9% growth in exports, which may continue to expand more soon. Also Read: New ASEAN Country Ditches The US Dollar For Trade India’s Exports To G7 Nations Continue To Gain Momentum Source: Outlook India India is building a robust trade link that will increase the capacity of its export business. The country now targets enormous revenues of $800 billion arising from its exports to G7 countries. The sharp estimate was recently shared by the nation’s commerce and industry minister Piyush Goyal. Goyal expressed his optimism about India scaling its exports to G7 Nations. The G7 bloc comprising Canada, France, the UK, Germany Italy, Japan, and the US will be the recipients of India ’s prolif...