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Daily Tax Report: State
Logos for Ethereum, left, and Bitcoin outside a cryptocurrency exchange.
Photographer: Angel Garcia/Bloomberg
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Jan. 5, 2024, 8:26 PM GMT+1


CRYPTO JOBS POSTINGS DROP NEARLY 60% IN DECEMBER, PER LINKEDIN

By Olga Kharif

Olga Kharif
Bloomberg News

 * Rally in crypto prices hasn’t translated into a boom in jobs
 * Bitcoin price increased 57% between November and year-end

Hiring in crypto isn’t heating up as fast as the recent rally the space has seen
on expectations of an imminent approval of a US exchange-traded fund investing
directly into Bitcoin.

Crypto job postings on LinkedIn declined 57% year-over-year in December, less
than the 71% year-over-year drop in November, according to the professional
networking site. Between November and the end of the year, Bitcoin’s price rose
57%, according to data compiled by Bloomberg. At jobs board
CryptocurrencyJobs.co, which charges for job posts, December was one of the best
months of 2023 in revenue, said Daniel Adler, the website’s founder.

For ...


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FISERV UNIT FAILS TO GET FLORIDA TAX ALLOCATION SUIT REVIVED

Six subsidiaries of financial technology services company Fiserv Inc. failed to
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application of the cost of performance rule when it determined their state
income tax obligations.


ILLINOIS RULING ON FUEL TAX ALLAYS GAS INDUSTRY'S WORST FEARS

The Illinois Supreme Court recently handed Marathon Petroleum Co. a narrow win,
relieving the oil and gas industry’s concerns of an explicit ruling that
cash-only transactions are subject to fuel taxes.


DELOITTE SUED OVER CLAIMS IT STOLE COVID VACCINE-ROLLOUT SECRETS

Multi-State Partnership for Prevention LLC accused Deloitte Consulting LLP of
conspiring with a federal health agency to steal trade secrets concerning
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LATEST STORIES IN DAILY TAX REPORT: STATE


SAN FRANCISCO LANDLORDS TAKE DOWN CITY VACANCY TAX WITHOUT TRIAL

San Francisco property owners convinced a California trial court that the city’s
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BUSINESSES IN 'MAD SCRAMBLE' TO FILE TAX REFUNDS IN TENNESSEE

Businesses have only until Monday to take advantage of Tennessee’s one-time
franchise tax refund program, and tens of thousands still haven’t submitted
claims for their share of the $1.6 billion refund bonanza.


IDAHO RELEASES UNEMPLOYMENT INSURANCE TAX RATE FOR 2025

Idaho’s unemployment insurance tax rates for 2025 will range from 0.225% to
5.4%, according to a Nov. 26 update on the state labor department website.

Browse More Stories in Daily Tax Report: State
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