Cryptotax

UK Chancellor of the Exchequer Rachel Reeves is set to announce a package of measures, dubbed "Great British Summer Savings," in an effort to ease cost-of-living pressures made worse by the Iran war. Bloomberg's James Woolcock reports.

Bloomberg's Laura Nahmias joins Scarlet Fu on "Bloomberg Real Yield."  New York lawmakers are planning a new tax on New York City homes purchased in cash for at least $1 million, according to people familiar with the state budget negotiations.

Brown Harris Stevens CEO Bess Freedman discusses NY Democrats cutting deal on second-home tax and says we need complete property tax reform. She speaks with Romaine Bostick and Katie Greifeld on "The Close."

Australia is reportedly preparing major capital gains tax reforms that could significantly affect cryptocurrency investors and other long-term asset holders.

South Korea confirmed that its long-delayed cryptocurrency tax regime will proceed as scheduled from January 1, 2026 after the government decided not to include another postponement in its upcoming July tax law revisions.

South Korea confirmed plans to implement a 22% tax on cryptocurrency profits from January 1, 2027, ending years of delays and political debate surrounding digital asset taxation.

Germany is preparing to end its long-standing crypto tax exemption as Finance Minister Lars Klingbeil revives a proposal to tax digital asset gains regardless of holding period.

Steven Horsford said his bipartisan PARITY Act offers a “durable floor” for crypto tax policy as broader legislation stalls in the US Senate.

Bloomberg's Laura Nahmias joins Scarlet Fu on "Bloomberg Real Yield." Citadel's Ken Griffin reportedly met this week with New York Governor Kathy Hochul after a spat with Mayor Zohran Mamdani that centered on Griffin's $238 million Manhattan penthouse.

Daniel Werfel, former Commissioner of the US Internal Revenue Service, joined Caroline Hepker and Lizzy Burden on Bloomberg Radio as the UK's tax authority undertakes a major digital overhaul. HMRC is aiming to move most customer interactions online by 2030, while updating legacy systems and exploring the use of AI. Werfel, now with Public Digital, which is advising HMRC, discussed the challenges of delivering large-scale government transformation, as well as concerns around AI, data protection and the security of sensitive public sector systems.