India will lower import taxes on certain electric vehicles for companies committing to invest at least $ 500 million and setting up a local manufacturing facility within three years, a policy shift that could potentially bolster Tesla’s plans to enter the South Asian market. Companies must invest a minimum of $ 500 million in the […]
South Korea Proposes Law Allowing Direct Seizure and Sale of Crypto Assets to Pay Overdue Taxes
The South Korean government has proposed an amendment to the tax code to allow the country’s tax authority to seize and sell cryptocurrencies belonging to delinquent taxpayers. “The revision will allow direct seizing without court-approved change in ownership records. Assets held by tax dodgers in the form of digital coins will no longer evade seizure […]