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The UK's HMRC has significantly intensified its scrutiny on crypto investors by significantly increasing the warning letters sent to those suspected of tax evasions.
The HMRC has significantly increased its outreach to cryptocurrency traders, sending over 65,000 warning letters regarding undeclared capital gains last year.
India is enhancing its cryptocurrency tax enforcement by utilizing artificial intelligence and international data-sharing mechanisms to track unreported transactions.
The proposal to eliminate taxes on overtime wages and tips, promised during the 2024 campaign, faces rejection from the Senate, stirring political tensions.
The Indian cryptocurrency industry intensifies lobbying for tax reductions as they perceive a shift in government standards regarding crypto policies.
HMRC has significantly heightened its monitoring of crypto investments by sending over 65,000 warning letters to investors suspected of unpaid taxes.
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