Gibraltar Archives - Bitcoin Times https://www.bitcointimes.co.uk/tag/gibraltar/ The Latest UK Bitcoin and Crypto News Mon, 29 Jan 2024 15:31:16 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.bitcointimes.co.uk/wp-content/uploads/2023/02/cropped-Bitcoin-Fav-Logo-32x32.png Gibraltar Archives - Bitcoin Times https://www.bitcointimes.co.uk/tag/gibraltar/ 32 32 Gibraltar Implements Tax Law Amendments to Increase Contributions from Insurance and Blockchain Businesses https://www.bitcointimes.co.uk/news/business/gibraltar-implements-tax-law-amendments-to-increase-contributions-from-insurance-and-blockchain-businesses/ https://www.bitcointimes.co.uk/news/business/gibraltar-implements-tax-law-amendments-to-increase-contributions-from-insurance-and-blockchain-businesses/#respond Mon, 29 Jan 2024 15:31:16 +0000 https://www.bitcointimes.co.uk/uncategorized/gibraltar-implements-tax-law-amendments-to-increase-contributions-from-insurance-and-blockchain-businesses/ Gibraltar’s recent updates in tax law will lead to increased contributions from insurance and DLT blockchain businesses. The government aims to ensure fairness and sustainability in the nation’s finances. Implications for Other Territories The amendments, aimed at bringing fairness in contributions, take into account the significant profits made by insurance companies in Gibraltar due to [...]

The post Gibraltar Implements Tax Law Amendments to Increase Contributions from Insurance and Blockchain Businesses appeared first on Bitcoin Times.

]]> Gibraltar’s recent updates in tax law will lead to increased contributions from insurance and DLT blockchain businesses. The government aims to ensure fairness and sustainability in the nation’s finances.


Implications for Other Territories

The amendments, aimed at bringing fairness in contributions, take into account the significant profits made by insurance companies in Gibraltar due to record high interest rates. The move could have implications for other territories, including the UK, seeking to modernize their tax laws.


“
The government aims to ensure fairness and sustainability in the nation’s finances.
”


Regulation of Emerging Financial Technologies

The new legislation also encompasses anti-avoidance measures to prevent exploitation and ensure tax compliance, signaling a shift towards regulation of emerging financial technologies in the region.


Read more here at https://www.theolivepress.es/spain-news/2024/01/27/gibraltar-tax-crackdown-british-territory-to-make-insurance-and-blockchain-businesses-contribute-fairly-to-the-nations-wellbeing/

The post Gibraltar Implements Tax Law Amendments to Increase Contributions from Insurance and Blockchain Businesses appeared first on Bitcoin Times.

]]> https://www.bitcointimes.co.uk/news/business/gibraltar-implements-tax-law-amendments-to-increase-contributions-from-insurance-and-blockchain-businesses/feed/ 0