INNOCENCE
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🚨EX-#SAFEMOON CEO CLAIMS #INNOCENCE AS TRIAL BEGINS
🔹John Karony, former SafeMoon CEO, pleads not guilty to fraud, conspiracy & money laundering
🔹#Blames founder Kyle Nagy, who allegedly fled to Russia, for the misconduct
🔹#Trial began May 6 in New York, expected to run till May 26
🔹Co-accused Thomas Smith testified for the prosecution
🔹Karony remains free on $3M bond, says on X: "I did not commit fraud"
🔹Case draws less media than FTX or Binance trials
- Cointelegraph
$ETH $BNB
$SOL
🔹John Karony, former SafeMoon CEO, pleads not guilty to fraud, conspiracy & money laundering
🔹#Blames founder Kyle Nagy, who allegedly fled to Russia, for the misconduct
🔹#Trial began May 6 in New York, expected to run till May 26
🔹Co-accused Thomas Smith testified for the prosecution
🔹Karony remains free on $3M bond, says on X: "I did not commit fraud"
🔹Case draws less media than FTX or Binance trials
- Cointelegraph
$ETH $BNB
$SOL
How much is crypto taxed in US/UK/Aus/NZ?
The United states
You'll pay up to 37% tax on short-term capital gains and crypto income and between 0% to 20% tax on long-term capital gains - although NFTs deemed collectibles may be taxed at 28%. The amount of tax you'll pay on crypto in the USA depends on how much you earn, the specific transaction, and how long you've held the asset
The United Kingdom
For capital gains from crypto over the £12,300 tax-free allowance, you'll pay 10% or 20% tax. For additional income from crypto over the personal allowance, you'll pay between 20% to 45% in tax. The exact amount you'll pay will depend on the transaction you've made, the tax that applies, and the Income Tax band you fall into.
Australia
For crypto investments in Australia, Capital Gains Tax applies. Report gains and losses in your Income Tax Return and pay Income Tax on net gains. Hold for a year and receive a 50% discount. Declare crypto in your ATO tax return if you've sold, traded, or earned it in the past financial year
NZ
In Newzealand, cryptocurrency is subject to normal income tax rates.You'll pay 10.5-39% depending on your annual income.
#Write2Earn #innocence #cryptotax #letuslive #ftl
The United states
You'll pay up to 37% tax on short-term capital gains and crypto income and between 0% to 20% tax on long-term capital gains - although NFTs deemed collectibles may be taxed at 28%. The amount of tax you'll pay on crypto in the USA depends on how much you earn, the specific transaction, and how long you've held the asset
The United Kingdom
For capital gains from crypto over the £12,300 tax-free allowance, you'll pay 10% or 20% tax. For additional income from crypto over the personal allowance, you'll pay between 20% to 45% in tax. The exact amount you'll pay will depend on the transaction you've made, the tax that applies, and the Income Tax band you fall into.
Australia
For crypto investments in Australia, Capital Gains Tax applies. Report gains and losses in your Income Tax Return and pay Income Tax on net gains. Hold for a year and receive a 50% discount. Declare crypto in your ATO tax return if you've sold, traded, or earned it in the past financial year
NZ
In Newzealand, cryptocurrency is subject to normal income tax rates.You'll pay 10.5-39% depending on your annual income.
#Write2Earn #innocence #cryptotax #letuslive #ftl
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