Latest news with #TaxLaws
Yahoo
14 hours ago
- Business
- Yahoo
Are outdated tax laws crippling Bitcoin mining? Miners say it's time for change
Are outdated tax laws crippling Bitcoin mining? Miners say it's time for change originally appeared on TheStreet. In the evolving landscape of Bitcoin mining, one regulatory issue has quietly become a flashpoint for operators: the way mining income is taxed. Unlike traditional commodity producers, Bitcoin miners are taxed the moment they generate new coins—even before any sale takes place. 'If you're mining gold, you don't pay tax until you sell it,' said Beau Turner, CEO of Abundant Mines, in a recent conversation with TheStreet Roundtable's Alp Gasimov. 'But for Bitcoin miners, the IRS treats mined coins as regular income immediately, creating unnecessary sell pressure.' That distinction could soon be challenged. Turner points to the Financial Accounting Standards Board (FASB)'s recent decision to allow companies like Michael Saylor's Strategy to use fair value accounting for Bitcoin as a sign of shifting tides. He sees a similar path for the mining sector—if regulators are willing to view mined Bitcoin the same way they view mined commodities. Currently, Bitcoin miners face a two-part tax burden: first, regular income tax when coins are mined, and second, capital gains tax if the price increases before sale. This dual structure pressures many miners to sell prematurely—just to cover tax obligations—contributing to volatility and undermining long-term holding strategies. 'If you've got a tax bill but you haven't sold your coin yet, you might have to sell it just to pay the tax,' Turner explained. 'That wouldn't happen if we were treated like other commodity producers.' The implication is clear: align Bitcoin taxation with commodity norms, and miners could hold longer, reducing market supply and stabilizing price dynamics. When asked why this wasn't standard from the outset, Turner pointed to the slow-moving nature of regulatory bodies. Even small changes often require significant industry momentum and political backing. 'We're not asking for special treatment,' he emphasized. 'Just to be treated like any other commodity business.' That framing could gain traction, especially as mining gains visibility in political circles. Turner noted the involvement of 'the Trump brothers' in the mining sector as a possible catalyst for policy momentum, suggesting that bipartisan awareness is growing. Are outdated tax laws crippling Bitcoin mining? Miners say it's time for change first appeared on TheStreet on Jun 19, 2025 This story was originally reported by TheStreet on Jun 19, 2025, where it first appeared.
Time of India
25-04-2025
- Business
- Time of India
ICAI launches free live revision classes for CA Final September 2025 exams
Free LVRC sessions launched by ICAI for CA Final students preparing for September 2025 NEW DELHI: The Institute of Chartered Accountants of India (ICAI), through its Board of Studies (Academic), has announced the commencement of free Live Virtual Revisionary Classes (LVRC) for students appearing in the CA Final Examinations scheduled for September 2025. Aimed at providing focused academic support, these live classes are part of ICAI's ongoing effort to ensure that students are thoroughly prepared and confident ahead of their professional examinations. The initiative will begin on May 14, 2025, and is designed to help students revise key concepts, resolve doubts in real-time, and access high-quality content from the comfort of their homes. The classes will be delivered by experienced faculty members and will be available through multiple ICAI digital platforms for easy access and convenience. Structured schedule with flexible timings The LVRC sessions have been organised in both morning and evening slots, catering to the diverse routines of aspirants. Morning sessions will run from 7:00 AM to 10:00 AM, while evening sessions will be held from 6:00 PM to 9:00 PM. Each paper has been allotted specific days in the week to ensure a focused and streamlined approach to learning. The schedule is as follows: by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo Name of the paper Timing Days Commencing from Paper 1: Financial Reporting Morning (7:00 AM – 10:00 AM) Monday, Wednesday, Friday, Sunday May 14, 2025 Paper 2: Advanced Financial Management Morning (7:00 AM – 10:00 AM) Tuesday, Thursday, Saturday May 15, 2025 Paper 3: Advanced Auditing, Assurance and Professional Ethics Morning (7:00 AM – 10:00 AM) Tuesday, Thursday, Saturday June 14, 2025 Paper 4: Direct Tax Laws and International Taxation Evening (6:00 PM – 9:00 PM) Tuesday, Thursday May 15, 2025 Paper 5: Indirect Tax Laws Evening (6:00 PM – 9:00 PM) Monday, Wednesday May 14, 2025 Comprehensive features for exam readiness The live classes will offer students the opportunity to engage directly with faculty through Zoom meetings, enabling one-to-one interactions and instant doubt resolution. In addition to live sessions, students will have access to recorded lectures, allowing for repeated viewing and flexible revision. Each session will follow an exam-centric approach, focusing on key areas essential for success in the CA Final examinations. Supplementary materials, including notes, assignments, and MCQs, will be provided to aid self-study. The sessions aim not only to revise the syllabus but also to guide students on exam strategies and time management. Multiple access points for ease of learning Students can join the classes through various ICAI platforms, including the ICAI BOS mobile app (available on Google Play and Apple Store), the BoS Knowledge Portal, and the official ICAI YouTube channel (ICAI CA Tube). This multi-platform access ensures students can learn anytime, anywhere, at their own pace. The ICAI continues to show its commitment to quality education and student support through such inclusive initiatives. The LVRC for September 2025 is a step forward in ensuring that every CA Final student receives the guidance and resources needed to succeed.
