Gate News bot message, the U.S. Senate Finance Committee announced a scheduled hearing on October 1 to examine the taxation framework for digital assets. This marks a significant step in addressing cryptocurrency tax regulations at the federal level. The hearing, as reported by Bloomberg, demonstrat

Jin10 reported on September 5 that UK Deputy Prime Minister Raab resigned after being investigated by regulators over his tax affairs. Before his resignation, the UK government's independent ethics adviser Laurie Magnus submitted a report to Prime Minister Starmer on Friday. His departure has further plunged Starmer's Labour government into chaos.

Recently, some internet platforms have attempted to convert their employees into individual business owners in bulk to reduce personal income tax. The State Administration of Taxation stated that it will strengthen supervision, crack down on non-compliance, and maintain a fair business environment.

According to Jin10 data, Faraday Future founder Jia Yueting increased his holdings of approximately $180,000 in common stock of FFAI on September 3, 2025, with a total planned purchase amount of $560,000. This amount is the after-tax portion of the $1.2 million signing bonus he received.

Odaily News Market News: U.S. President Trump hinted that future tariffs may replace income tax, which could change tax policy, and stated that tariffs are "crucial" for America's success. (Jin10)

UK Deputy Prime Minister Raab admitted to underpaying stamp duty when purchasing a home and has reported the matter to the ethics watchdog. This incident has raised questions about her political future and could affect the future leadership dynamics of the Labour Party.

Gate News Bot News, September 3, according to CoinMarketCap data, as of the time of writing, PEPE (Pepe) is currently priced at $0.0000098169, with a rise of 4.07% in the last 24 hours, reaching a high of $0.0000102814 and a low of $0.0000091952. The 24-hour volume has reached $563 million. The current market capitalization is approximately $4.13 billion, showing an increase of $162 million compared to yesterday. Pepe is a cryptocurrency themed around the well-known internet meme character "Pepe the Frog." The project aims to drive its value purely through meme power, with no presale, zero tax, destroyed liquidity, and abandoned contracts. Pepe's goal is to revive the status of meme coins and provide the community with a pure and permanent token. PEPE

Jin10 data reported on September 2nd that forex options traders have noted an increase in demand for pound-related options expiring in the months following the UK autumn budget announcement, which is expected to be released at the end of October or early November. Betting on its subsequent effects seems wiser compared to focusing on the budget itself. UK Chancellor of the Exchequer Reeves is expected to unveil a fiscally cautious plan, with tax increases and spending cuts becoming the main theme. These measures are unlikely to produce surprises on the day itself, but their cumulative effect may weigh on the pound in the coming weeks. On this basis, the potential volatility risk premium on the day of the budget announcement may be limited, while longer-term volatility trading in the following weeks may capture more fluctuations. Due to concerns over rising borrowing costs, the pound continues to face pressure, and the forex options market reflects this bearish sentiment. Traders report that the premium for pound put options has risen relative to call options, highlighting an increased demand for downside protection.

The yield on UK long-term bonds has risen to its highest level since 1998, increasing pressure on the government to restore market confidence. As borrowing costs rise, the Chancellor faces the tough choice of raising taxes or cutting spending, but political resistance cannot be ignored. Analysts believe that tax increases are inevitable, but they may backfire.

Jin10 Data reported on August 31 that in the evening of August 31, Zhixing Technology announced on the Hong Kong Stock Exchange that in the first half of 2025, the group recorded revenue of RMB 365.99 million, a year-on-year decrease of 42.47%; gross profit was RMB 17.07 million, a year-on-year decrease of 61.93%; and the gross profit margin was 4.67% (compared to 7.05% in the same period of 2024). During the reporting period, the pre-tax loss increased by 80.39% year-on-year to RMB 177.86 million; the loss attributable to the company's equity holders increased by 80.38% year-on-year to RMB 177.88 million.

Golden Finance reports that Bloomberg ETF analyst Eric Balchunas stated that the Rex Solana ETF is transitioning from a Class C company to a registered investment company to eliminate tax burdens, thereby gaining a competitive edge. Meanwhile, the Solana Spot ETF, including Rex, has submitted its third amended filing today, and approval is almost a certainty.

The South Korean National Tax Service report shows that this year, 6,858 people declared overseas financial accounts worth 945 trillion won, with both the number of declarations and the amount significantly increasing compared to last year. The main reason is the rise in encryption asset values, with declarations for virtual assets and stock accounts also on the rise.

According to Foresight News, Hong Kong listed company New Town Development (stock code 1030) announced that it will establish a digital asset research institute today, combining existing business accumulation with RWA tokenization technology to promote the strategic layout of related RWA applications. In addition, the company will introduce external experts in blockchain, digital finance, and compliance to fill specific field experience gaps, including related legal advisors to comprehensively assess domestic and foreign legal issues of RWA, relevant professional consultants to evaluate financial and tax issues, and related technology providers to optimize technical solutions, while maintaining communication with regulatory authorities.

Fitch's BMI analysts have stated that India's tax reform plan may offset the impact of U.S. tariffs on the economy, with an expected drop in average tax rates and a simplification of the Goods and Services Tax. Although the impact on tax revenue is small, it will stimulate private consumption. BMI has revised down India's growth forecast, expecting a growth rate of 5.8% for the fiscal year 2025-2026.

The U.S. Department of Homeland Security plans to impose a 50% tariff on Indian goods starting August 27, due to India's alleged import of Russian oil. Previously, Trump had signed an executive order imposing an additional 25% tariff on Indian goods, bringing the total tax rate to 50%.

Gate News bot message, Major developments emerged in the cryptocurrency sector over the weekend. Grayscale, Bitwise, and other financial institutions submitted updated applications for spot XRP ETFs. In European news, the EU revised its digital euro planning strategy following the introduction o

Japan's Minister of Economy, Trade and Industry, Yasushi Muto, emphasized the integration of Web3 with fields such as anime and art at WebX Asia 2025. He believes that Web3 is a tool for promoting the value of small and medium-sized enterprises and creators, and the Ministry of Economy, Trade and Industry will support Web3 startups through measures such as tax reform and legal revisions.

Golden Finance reports that Trish Turner, a senior official at the IRS, has announced her resignation to become the tax director of the encryption tax company Crypto Tax Girl. Turner has worked at the IRS for decades and took over the agency's encryption department only this May.

Jin10 Data reported on August 23 that U.S. President Trump announced at the end of last month that starting from August 29, the tax exemption on imported packages valued at $800 or less would be suspended. According to a recent report by Reuters, as a result of this tariff policy, postal companies in countries such as Sweden and Norway have already announced a suspension of sending packages to the U.S., requesting clarification on the policy details from the American side.

VanEck has submitted an S-1 application to launch the first Spot Solana ETF backed by liquid staking Token JitoSOL, aimed at providing investors with Liquidity and tax transparency while enhancing the security of the Solana network. The application is currently under review.

Jin10 News on August 22: The tax reduction lists released by the EU and the United States do not include important sectors for the EU such as wine and spirits, and the tariff rate for these categories remains at 15% in the United States. In response, a representative from the relevant industry association in France expressed disappointment on the 21st, stating that this outcome will result in losses of over 2 billion euros for EU wine and spirits exporters.

Jin10 data reported on August 22, according to the Korean News Agency, the South Korean government announced the "New Government Economic Growth Strategy" on the 22nd, planning to promote enterprise-led "Thirty Major Technology Leading Projects" with the goal of "Artificial Intelligence (AI) Great Transformation" and "Super Innovative Economy". To this end, the government will provide comprehensive support in finance, tax system, finance, talent, regulation, site selection, and other aspects over the next five years, striving to achieve a potential economic growth rate of 3%. The South Korean government believes that the momentum for economic growth is weakening, and the next five years are the "last golden period" for achieving the AI Great Transformation. To support the relevant strategy, the government will establish a "National Growth Fund" with a scale of over 100 trillion won (approximately 515.8 billion yuan) to develop AI future strategic industries, energy infrastructure, and related technologies and venture capital enterprises.

New York State Assemblyman Phil Steck's proposed crypto assets transaction tax does not take into account the daily payment use of stablecoins. He believes that crypto assets should not be tax-exempt and expects that the tax could bring in $158 million in revenue for the state government each year.

Jin10 data, August 19th: Desjardins Group of Canada maintains its forecast for a rate cut by the Central Bank of Canada next month, citing relatively moderate inflation data for July. Overall inflation slowed to 1.7% in July, down from 1.9% the previous month. The inflation rate excluding indirect taxes also decreased from 2.5% to 2.2%. With the Canadian government deciding in March to eliminate the consumer carbon tax, the Central Bank of Canada is closely monitoring this tax-excluded indicator. However, core inflation excluding volatile items such as food and energy remains high, with the core inflation metric preferred by the Central Bank still above 3%. Economist Royce Mendes stated that the data suggests price increases related to tariffs may occur in March and April, potentially earlier than the expectations of the Central Bank of Canada. "Recent price data shows that price growth is normalizing."

PANews, August 18 news, Bitinning founder Kashif Raza posted on the X platform stating that the Indian CBDT (Income Tax Department) has communicated with local crypto asset exchanges, requesting them to provide feedback on issues such as VDA (Virtual Digital Asset) regulation, volume outflow, tax framework, loss deductions, the impact of a 30% tax rate, challenges in TDS enforcement, and tax fairness between domestic and foreign exchanges. This is the first formal dialogue regarding crypto tax policy in India.

Upbit operator Dunamu has been assessed a tax surcharge of 22.635 billion won due to a tax investigation, which is equivalent to 23% of its net profit for the second quarter. In addition, Dunamu is currently in litigation with financial regulators and faces a penalty of a three-month suspension of some of its business.

New York state lawmakers are considering a bill that plans to impose a 0.2% sales tax on digital asset transactions, with the revenue being used to support substance abuse prevention programs in schools. If passed, the bill would make New York one of the regions exploring a special tax on digital assets.

Golden Finance reports, Trump: Next week I will impose tariffs on steel and chips, and the tax rate will start at a relatively low level.

Zhixing Technology expects a pre-tax loss of approximately 177.86 million yuan in the first half of the year, a rise of 80.39% compared to the same period last year. Uneven business demand and increased R&D investment have led to a decline in revenue.

Gate News Bot news, on August 15, according to CoinMarketCap data, as of the time of writing, PEPE (Pepe) is currently priced at $0.000011, with a 10.15% fall in the last 24 hours, reaching a high of $0.000013 and a low of $0.000011. The current market capitalization is approximately $4.644 billion, a decrease of $525 million from yesterday. Pepe is a meme coin themed around the internet-famous meme frog, Pepe. The project aims to revitalize the meme coin market through pure meme power. The PEPE token is issued with no presale, zero tax fees, locked liquidity pools, and a renounced contract ownership, claiming to be a token that belongs forever to the community. The total supply is 420.69 trillion. Important news about PEPE recently: 1️⃣ **Large Withdrawals Attract Market Attention**

Odaily News The Decentralized Finance lobbying organization DeFi Education Fund (DEF) announced the establishment of the "DeFi Education Foundation," aimed at providing U.S. lawmakers with education on encryption policies and laws, and offering donors a tax-deductible charitable donation channel. The organization is advocating for the Senate to approach DeFi cautiously in encryption regulatory legislation and is calling on the U.S. Securities and Exchange Commission (SEC) to establish a "safe harbor" mechanism for specific blockchain applications. (The Block)

PANews, August 14 - According to The Block, one of Washington's largest decentralized finance lobbying groups, the DeFi Education Fund (DEF), is launching the DeFi Education Foundation, a nonprofit organization aimed at educating legislators who are drafting rules for the crypto assets industry and providing a tax-deductible charitable donation channel for donors. The new foundation will be led by DeFi Education Fund Executive Director Tuminelli, Greg Xethalis of Multicoin Capital, and Michael, co-founder of Arktouros PLLC.

Jin10 data reported on August 12, Tesla (TSLA.O) stock price rose on Monday, marking the fourth consecutive day of increase. The company launched an autonomous taxi service in Austin, Texas in June, and the stock is expected to regain some of the momentum it recently lost. Additionally, the company recently extended the expected delivery date for the Model Y from one to three weeks to four to six weeks. This is a signal of increased orders, and higher demand is good news, but this is also the last quarter for buyers to receive up to $7,500 in federal purchase tax credits, which were eliminated in the tax and spending bill passed by Trump on July 4. Some buyers may be eager to purchase before the subsidy expires, which could drive some demand forward.

Odaily News The Decentralized Exchange Uniswap Foundation proposed to establish a new legal entity for its governance organization, adopting the Decentralized Unincorporated Nonprofit Association (DUNA) framework in Wyoming. The proposal will allocate 16.5 million USD worth of UNI Tokens to the new entity DUNI for past tax and legal defense budgets. It is reported that the new entity does not change the Uniswap protocol, tokens, or governance structure, and fee income cannot be directly distributed to UNI holders. (The Block)

The Uniswap Foundation proposed to establish a "DUNA" legal entity in Wyoming to meet compliance and tax requirements, and plans to allocate $16.5 million in UNI to settle past tax and legal budgets. This entity does not change the Uniswap protocol and governance structure, and the fee income is not directly distributed to UNI holders.

Jin10 data reported on August 11 that Citigroup strategists raised their target for the S&P 500 index, stating that tax cuts should offset the negative impact of tariffs on U.S. businesses. The team led by Scott Chronert raised the year-end target for the index from 6300 points to 6600 points, implying that the index will rise about 3% from last Friday's close. The quarterly earnings reports have performed better than expected, and there is almost no visible negative impact from tariffs on performance, driving the stock market to new highs this month. Data from institutions show that over 81% of S&P 500 component companies exceeded expectations, the highest level in seven quarters. The Citigroup team stated that companies are not only "performing well" but most also maintain their expectations for performance in the second half of the year. As a result, the consensus expectations for earnings per share are being raised. They have raised the expected earnings per share for S&P 500 component companies in 2025 from the previous $261 to $272.

Jin10 Data reported on August 11 that Action Education announced a revenue of 344 million yuan in the first half of 2025, a year-on-year decrease of 11.68%. The net profit was 131 million yuan, a year-on-year decrease of 3.51%. The company intends to distribute a cash dividend of 10 yuan (including tax) for every 10 shares to all shareholders, totaling a cash dividend of 119 million yuan (including tax), which accounts for 90.74% of the net profit attributable to the shareholders of the listed company for the first half of 2025.

According to a report by the Korean News Agency, South Korean officials have not yet completed discussions on the controversial Capital Gains Tax plan and will further review it. The report states that the ruling party and the government have indicated they will closely follow the developments. Previously, the ruling Democratic Party proposed lowering the threshold for stock capital gains tax from the current 5 billion won to 1 billion won; this plan has caused concern among South Korean investors and sparked widespread public opposition.

On August 8, Jin10 reported that on the 7th local time, the International Chamber of Commerce issued a statement regarding the official implementation of a new round of tariff measures by the United States. The statement indicated that the new U.S. regulations significantly increased complexity for businesses, particularly burdening small and medium-sized enterprises, and called for clearer enforcement guidelines from the U.S. The Secretary General of the International Chamber of Commerce, Denton, pointed out in the statement that the impact of the tariff policy is not only about the tax rates themselves but also about the operational confusion and enforcement uncertainty it brings. The new tariff policy implemented by the U.S. makes it difficult for exporting companies to clarify applicable tax rates, and even multinational companies with well-established compliance systems are facing difficulties. The statement also noted that currently, global trade is still operating under World Trade Organization rules, and several economies have released positive signals for trade liberalization.

Odaily News The United States will impose an additional 15% tariff on imports from Japan, regardless of the existing tax rate. (Jin10)

On August 6, Jin10 data reported that, according to foreign media, Trump made the decision to impose tariffs on India after five rounds of fruitless trade negotiations. The U.S. demanded greater access to the Indian agriculture and dairy markets, leading to a deadlock in negotiations. Indian officials privately acknowledged that the pressure to return to the negotiating table is increasing. A potential compromise could include a phased reduction of oil imports from Russia and diversification of energy sources. A senior Indian official stated that as the two countries continue to discuss trade issues, the Indian government is caught off guard by the sudden imposition of new taxes and high tax rates.

Trump announced a 25% tariff on Indian goods, raising the total tax rate to 50%. Trade analysts warn that this will severely impact Indian exports, potentially leading to an economic rise slowdown, pressure on the Renminbi, and an increase in demand for fiscal support.

Jin10 reported on August 6 that a day before the U.S. equivalent tariffs take effect on the 7th, India has been hit with an additional 25% tariff by U.S. President Trump, citing the same reason of India's purchase of Russian oil. On July 31, Trump announced that a 25% tariff would be imposed on Indian products exported to the U.S., leaving hints that additional penalties would be applied due to India's procurement of Russian oil. On the 6th, Trump signed an executive order announcing an additional 25% tariff on India.

PANews, August 5 news, according to The Block, the U.S. White House Digital Asset Working Group recommended in a 168-page report that the IRS clarify the tax timing for Bitcoin mining income or switch to taxing at the time of sale, to avoid "double taxation" of "mining income tax + capital gains tax on sale." BitFuFu CEO Leo Lu stated that this move could significantly reduce the tax burden on miners and accelerate the popularization of Bitcoin. Similar tax deferral proposals have already been introduced in Congress, such as H.R. 8149.

Jin10 data reported on August 5 that Siwei Liekong released its semi-annual report, stating that the company achieved an operating income of 689 million yuan in the first half of the year, a year-on-year rise of 23.35%; net profit was 304 million yuan, a year-on-year rise of 59.76%. The company plans to distribute a cash dividend of 2.1 yuan per share (including tax).

Jin10 reported on August 4th that Jung Chung-rae, the leader of South Korea's ruling Democratic Party, stated that the party will soon determine its position on the Capital Gains Tax. During a meeting on Monday, Jung Chung-rae mentioned that the debate over the government's proposed Capital Gains Tax reform is heating up, but it is inappropriate for party members to publicly express differing opinions. Jung Chung-rae urged the party to prepare various proposals for internal debate while requesting that lawmakers refrain from publicly voicing their views.

The South Korean Benchmark KOSPI index rose by 0.91% on August 4, closing at 3147.75 points, driven by a net foreign purchase of 83.3 billion won. Despite a significant fall in the index last Friday, investors are optimistic about the government's possible revision of the tax increase proposal. The ruling party stated it would reconsider the relevant measures.

The White House announced that Trump will maintain the global minimum tariff rate at 10%, rejecting the proposal to raise it to 15%. At the same time, he signed an order to increase the tariff rate on Canada to 35%, and this change does not affect the goods under the USMCA agreement.

Jin10 reported on August 1 that on July 31 local time, U.S. President Trump stated that Canada’s stance on Palestine would not affect the achievement of a tariff agreement, and Canada must "pay a fair tax rate." On July 30 local time, Canadian Prime Minister Carney stated that if the West Bank governing body meets certain conditions, Canada will announce recognition of the State of Palestine at the United Nations General Assembly scheduled for September this year.

Odaily News According to a Cointelegraph report, Japan may become the "preferred country" for encryption investors as it optimizes its encryption tax process by 2025.