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    FBI tracking “extensive amount of concerning online chatter” before inauguration of Joe Biden, says director

    FBI tracking “extensive amount of concerning online chatter” before inauguration of Joe Biden, says director

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    Indonesia earthquake: strong quake in Sulawesi kills at least 34, injures hundreds

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    Trump explodes at Nixon comparisons as he prepares to leave office

    New York attorney general sues NYPD to install monitor, alleges years of civil rights abuses

    New York attorney general sues NYPD to install monitor, alleges years of civil rights abuses

    More than 100,000 customers still without power after overnight windstorm Wednesday – KIRO Seattle

    More than 100,000 customers still without power after overnight windstorm Wednesday – KIRO Seattle

    Key takeaways from Wednesday’s developments in the Capitol riots investigation

    Key takeaways from Wednesday’s developments in the Capitol riots investigation

    Justice Department will have ‘no tolerance’ for violence

    Justice Department will have ‘no tolerance’ for violence

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    The Trump Impeachment Vote: Live Updates

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    India farmers protests: Supreme Court puts three contentious farm bills on hold

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    The OC: 17 Thoughts I Had Re-Visiting the Fashion

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    Yahoo experts reveal their lineups

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    The Updated Version of a Shrug Is Currently Trending

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    Slip silk scrunchies review: they prevent breakage and protect my hair

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    Slip’s Silk Scrunchies Will Protect Your Hair From Breakage

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    Scrunchies Are Now Called “Hair Clouds” & Yes, They Are Back In Style

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    The History of Scrunchies: Tracing the Controversial Hair Accessory’s History

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    FBI tracking “extensive amount of concerning online chatter” before inauguration of Joe Biden, says director

    FBI tracking “extensive amount of concerning online chatter” before inauguration of Joe Biden, says director

    Indonesia earthquake: strong quake in Sulawesi kills at least 34, injures hundreds

    Indonesia earthquake: strong quake in Sulawesi kills at least 34, injures hundreds

    Trump explodes at Nixon comparisons as he prepares to leave office

    Trump explodes at Nixon comparisons as he prepares to leave office

    New York attorney general sues NYPD to install monitor, alleges years of civil rights abuses

    New York attorney general sues NYPD to install monitor, alleges years of civil rights abuses

    More than 100,000 customers still without power after overnight windstorm Wednesday – KIRO Seattle

    More than 100,000 customers still without power after overnight windstorm Wednesday – KIRO Seattle

    Key takeaways from Wednesday’s developments in the Capitol riots investigation

    Key takeaways from Wednesday’s developments in the Capitol riots investigation

    Justice Department will have ‘no tolerance’ for violence

    Justice Department will have ‘no tolerance’ for violence

    The Trump Impeachment Vote: Live Updates

    The Trump Impeachment Vote: Live Updates

    India farmers protests: Supreme Court puts three contentious farm bills on hold

    India farmers protests: Supreme Court puts three contentious farm bills on hold

  • Business

    Economists See Few Monetary Policy Changes With Powell Leading Fed

    Indonesia’s Largest Fleet of Taxis Teams Up To Beat Ride-Hailing Apps

    Olivia Munn’s One-Piece Swimsuit Plunges Further Than You Thought Possible

    Hannah Donker talks being The Weeknd’s love interest in ‘Secrets’

    High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

    Bitcoin Is ‘Definitely Not A Fraud,’ CEO of Mobile-Only Bank Revolut Says

  • Celebrity

    BIZZLINE: A STUDIO FOR PHOTOGRAPHERS SET TO OPEN

    THE DAY I LEARNED TO STOP HATING LAPTOP DJS

    HOW MALE MODELS GET SUPER RICH IN A FEMALE-DOMINATED INDUSTRY

    WHAT IS LIKE TO WORK AS A SUPER MODEL

    HOW TAYLOR SWIFT HELPED ME LOSE 425 LBS

    LIFETIME UNVEILS FIRST LOOK OF FULLHOUSE MOVIE

  • Fashion
    • All
    • Y2K Outfits
    Lizzie McGuire’s Costume Designers On Hilary Duff’s Style, Y2K Fashion, & More

    Lizzie McGuire’s Costume Designers On Hilary Duff’s Style, Y2K Fashion, & More

    10 trivia questions every Rochesterian should be able to answer. Can you? – Rochester Democrat and Chronicle

    The OC: 17 Thoughts I Had Re-Visiting the Fashion

    The OC: 17 Thoughts I Had Re-Visiting the Fashion

    Yahoo experts reveal their lineups

    Yahoo experts reveal their lineups

    The Updated Version of a Shrug Is Currently Trending

    The Updated Version of a Shrug Is Currently Trending

    Fashion Can’t Get Enough Of The Tennis Skirt

    I Can’t Resist Buying Clothes That Remind Me Of My Childhood

    ‘I think it’s very clear the pause has worked’

    ‘I think it’s very clear the pause has worked’

    VSCO’s 2020 Gen-Z Survey Reveals Top Trends

    The 12 Biggest Fashion Moments of 2020 – Harry Styles Telfar Strawberry Dress

    The 12 Biggest Fashion Moments of 2020 – Harry Styles Telfar Strawberry Dress

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    Mom issues viral PSA alerting parents that scrunchies are the new crush gift for middle schoolers

    Mom issues viral PSA alerting parents that scrunchies are the new crush gift for middle schoolers

    The 3 Best Silk Scrunchies

    The 3 Best Silk Scrunchies

    Slip silk scrunchies review: they prevent breakage and protect my hair

    Slip silk scrunchies review: they prevent breakage and protect my hair

    Scrunchies Market to See Huge Growth by 2026

    Slip’s Silk Scrunchies Will Protect Your Hair From Breakage

    Slip’s Silk Scrunchies Will Protect Your Hair From Breakage

    Scrunchies Are Now Called “Hair Clouds” & Yes, They Are Back In Style

    Scrunchies Are Now Called “Hair Clouds” & Yes, They Are Back In Style

    The History of Scrunchies: Tracing the Controversial Hair Accessory’s History

    The History of Scrunchies: Tracing the Controversial Hair Accessory’s History

    Maybe More Men Should Wear Scrunchies

    Maybe More Men Should Wear Scrunchies

    These Silk Hair Scrunchies Have Sold Out So Many Times

    These Silk Hair Scrunchies Have Sold Out So Many Times

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    Win A NEW Macbook NOW!

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    7 Best Wireless USB Headset

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    Latest 7 Best Wireless Headphones For Skype

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    7 Best Wireless Headset For Skype For Business 2018 (updated)

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    7 Best Headphones For Call Center Use 2017

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South Korea to impose 20% tax on crypto profits

Editorial Team by Editorial Team
January 8, 2021
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South Korea to impose 20% tax on crypto profits
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The South Korean government issued an amendment on January 6 to impose a tax on profits from crypto trading.

Following a legislative notice that is valid until January 21, the amendment is likely to be enacted in February. However, it would only begin levying taxes on cryptos in 2023, according to Cointelegraph and Asia Today reports.

The proposal would introduce a range of new taxes on capital gains, with a progressive taxation schedule for gains in stocks. For crypto holders, anyone earning more than 2.5 million won ($2,300) annually from trading will be taxed at 20%. The threshold is much lower than for stocks – only gains of over 50 million won ($46,000) will be taxed.

For cryptos owned before the beginning of the tax schedule, authorities will consider the highest of either the market price immediately before 2023, or the actual acquisition price. 

The proposed tax regime was expected but delayed several times in 2020. Following lobbying from local crypto advocates, the government initially delayed implementation until 2022. Seoul now appears to have set the new regime in stone.

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