News

Reuters on MSN1d
End of de minimis tax loophole slashes demand for air cargo to US
Air cargo shipment volume from Asia has declined by double digits since the U.S. cancelled a tax-free exemption for low-value ...
End of tax-free loophole for low-value goods disrupts air shipments to US from China
The de minimis rule, which dates to 1938, had been a target of criticism from American lawmakers as a loophole that lets ...
Bitcoin Magazine2d
Senator Lummis Introduces Digital Asset Tax Legislation
The bill proposes a $300 exemption for small Bitcoin and crypto transactions, defers taxes on mining and staking until assets ...
Senate Republican unveils digital assets taxation package
Sen. Cynthia Lummis (R-Wyo.) unveiled new legislation Thursday updating tax rules for cryptocurrencies, as Congress continues ...
‘Big Beautiful Bill’ Would End De Minimis Exemption for Goods from All Countries
The GOP’s big [tax-and-spending bill]( ...
US Senate, passing Trump bill, bars clean energy tax credits for firms with ties to China
The US Congress is poised to bar companies with ties to China from gaining clean energy tax credits - a move that critics warn could jeopardise dozens of planned projects and freeze investment in a ...