This gives you a maximum rate of 23% compared to 35% for ordinary income tax. Over-the-counter foreign exchange options and currency swaps are not eligible for Section 1256 tax treatment.

Generally accepted accounting principles, or GAAP, include specific guidelines for recording foreign currency transactions. Problems can arise when currencies change value and routine business ...

For the first time since 1971, gold and silver coins will be recognized as currency. Governor Ron DeSantis signed House Bill ...

This move is seen as an attempt to counter the growing competition from the cryptocurrency industry. The discussions involve companies co-owned by these banking giants, such as Early Warning Services, ...

Increasingly, many of us also have more foreign currency transactions on our credit cards – either when we travel overseas or via online shopping. When it comes to spending in foreign currencies we ...

Japanese Finance Minister Katsunobu Kato said ahead of an expected meeting with US Treasury Secretary Scott Bessent that talks on exchange rates would be based on their shared view that excessive ...

When Pakistan launched a coordinated drone offensive at the states along India's western border after Operation Sindoor, Bofors L-70 guns were deployed at the forward areas to protect key assets.

As India sends out seven multi-party delegations to present evidence of Pakistan-sponsored terrorism, Foreign Secretary Vikram Misri has briefed participating MPs Parliament's Standing Committee ...

The forex reserves had touched an all-time high of USD 704.885 billion in end-September 2024. For the week ended April 18, foreign currency assets, a major component of the reserves, increased by USD ...

Spend a few minutes browsing political commentary or scrolling social media and you will discover a seemingly settled truth: inequality in the West is soaring, the middle class is being hollowed out, ...

There are two basic ways to organize financial markets—exchange and over the counter (OTC)—although some recent electronic facilities blur the traditional distinctions. Trading on an exchange ...