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Supreme Court asks Solicitor General for Brief on State Power over Sports Betting
The Supreme Court has asked the United States Solicitor General to weigh in on New Jersey’s challenge to the federal restrictions on state authorized sports wagering. The Court has not decided whether to hear the case, but its request to the Solicitor General is interesting in at least two respects. First, the Court did not […]
Taxing Bitcoin as an Asset
In a draft circular, Israel has announced that it will tax digital currencies like Bitcoin as assets instead of currency. This follows a similar decision in the U.S. Any profit from the sales of Bitcoin would be taxed. This means that a taxpayer could pay tax on the sale of the product or service that […]