The news came from Austria’s Finance Minister Hartwig Loeger.

Loeger also stated that the new regulation would take place as of 2020 for tech companies making 750 million euros in total with at least €25 million from Austria.

The increase in digital tax is aimed at providing equity in taxation.

The digital platforms will also face compulsory VAT.

Australian Government estimates to make 200 million euros with the new regulation.

Source: Reuters
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French Minister of Economy Bruno Le Maire said during a press conference on Monday that the GAFA (Google, Apple, Facebook, Amazon) Tav will go in effect on January 1st.

Indeed, European Comission proposed in March to impose taxes of 3% on tech firms that has a global net worth of €750.

But the proces stalled due to some disagreements among some member states such as Ireland and The Netherlands.

UK, and now France, are preparing to place its own taxes on tech firms.

British Chancellor Phillip Hammond stated in October that they are planning on placing a ‘digital services tax’ on big tech firms that do business in The UK.

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Bitcoin surpassed $10,000 as seen on CoinDesk. Lee told Squawk Box: We think over the next 10 years, this new generation of millennials are going to view trust as a replacement for gold. So, bitcoin is essentially digital gold for another generation. If it gets “5 percent of just the gold market, it’s $25,000. But 5 percent seems like an awfully small number. Let’s say it’s 10 or 15. Then bitcoin could easily be in the $100,000 range.”

Lee raised his mid-2018 price target for bitcoin to $11,500. Bitcoin is up more than 130 percent over the last three months. Earlier this week, former Fortress hedge fund manager Michael Novogratz predicted on CNBC that bitcoin could “easily” be at $40,000 at the end of 2018.

Source: cnbc

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

“Blockchain is the world’s leading software platform for digital assets. Offering the largest production blockchain platform in the world, we are using new technology to build a radically better financial system. Our software has powered over 100M transactions and empowered users in 140 countries across the globe to transact quickly and without costly intermediaries. We also offer tools for developers and real time transaction data for users to analyze the burgeoning digital economy.”

“Blockchain has created a bitcoin wallet which is essentially a piece of software to store the digital currency and carry out transactions with other users.” Arjun Kharpal, CNBC

Blockchain was founded in 2011 and now has users in 140 countries. Its last funding round came in 2014 when it raised $30.5 million. Other investors in its latest round include Nokota Management, Digital Currency Group and existing investors Lightspeed Venture Partners, Mosaic Venture Partners, Prudence Holdings, Virgin, and Richard Branson.

• The digital asset, bitcoin, is used like other assets in exchange for goods and services. Unlike traditional currencies and assets, bitcoin is easily portable, divisible, and irreversible.
• Bitcoin increases system efficiency and enables the provision of financial services at a drastically lower cost, giving users more power and freedom.
• Keeping your bitcoin safe in a non-custodial wallet (like Blockchain’s) means there is no entity that can lock you out of your funds
• It’s globally inclusive — bitcoin is enabling millions across the globe to transact, save, and hedge their way to a better financial future

The Process:

1. Create a blockchain wallet
2. Set up an exchange account
3. Start buying bitcoin
4. Store bitcoin in your wallet
5. Checking your balance

After you follow the steps in the site, having created your blockchain wallet and exchange account you can start buying and exchanging bitcoin or ether, another digital currency.

You will always be able to see your bitcoin & ether balances at the top of your wallet and on your dashboard.

SENDING & RECEIVING AND USING YOUR TRANSACTION FEED

To send bitcoin or ether from your wallet, you need the recipient’s receive address or QR code. Your home screen will display your most recent transactions.

Source: https://www.blockchain.com

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.