Chicago’s city counsel approves tax surcharge on ride-hailing services

In a significant development, Chicago’s city counsel has approved a proposal which will see an imposition of increased taxes on certain ride-hailing trips. The move is aimed at combating traffic congestion in the city. Incidentally, the city counsel and ride providers have accused each other of penalizing low-income passengers. As per Mayor Lori Lightfoot’s plan,…

France’s finance commission eases capital gains tax on bitcoins with other non-real estate assets

The finance commission has moved to amend the 2019 budget bill to include the sales of crypto assets which will be taxed at 30% rather than the earlier 36.2%. France’s finance commission in its lower house of parliament has backed plans to lower tax on the sales of bitcoins, thus bringing it on par with…