BTC $62,177.10 -2.48%
ETH $1,736.72 -2.90%
BNB $566.37 -2.84%
XRP $1.08 -2.95%
SOL $77.17 -5.06%
TRX $0.3297 -0.51%
DOGE $0.0724 -3.04%
ADA $0.1666 -5.66%
BCH $234.55 -3.59%
LINK $7.62 -3.75%
HYPE $67.09 -4.34%
AAVE $87.94 -3.52%
SUI $0.7110 -3.54%
XLM $0.1811 -5.28%
ZEC $466.18 -6.22%
BTC $62,177.10 -2.48%
ETH $1,736.72 -2.90%
BNB $566.37 -2.84%
XRP $1.08 -2.95%
SOL $77.17 -5.06%
TRX $0.3297 -0.51%
DOGE $0.0724 -3.04%
ADA $0.1666 -5.66%
BCH $234.55 -3.59%
LINK $7.62 -3.75%
HYPE $67.09 -4.34%
AAVE $87.94 -3.52%
SUI $0.7110 -3.54%
XLM $0.1811 -5.28%
ZEC $466.18 -6.22%

earnings

All
Article
Flash

El Salvador optimizes its immigration system, offering a 0% tax rate on temporary residents' Bitcoin earnings and overseas income

According to Bitcoin Magazine, El Salvador is continuously optimizing its immigration system to attract high-net-worth foreign talent and capital (including families). According to Decree No. 531, effective March 31, 2026, the residency requirement for temporary residents has been reduced from a mandatory stay of 9 months per year to a cumulative or continuous stay of only 90 days per year. This adjustment is primarily aimed at entrepreneurs, investors, and remote workers who need to frequently cross borders.El Salvador offers one of the most attractive tax systems in Latin America for individuals with foreign-source income. The country implements a territorial tax system, meaning that only income generated within El Salvador is subject to taxation. A significant income tax reform in 2024 further clarifies that both residents and non-residents can be exempt from income tax on their foreign-source income. This means freelancers, remote workers (such as content creators, developers, and entrepreneurs with foreign income) can enjoy a 0% income tax rate in El Salvador on their overseas income, with no limits on the amount.Additionally, under the country's laws, capital gains related to Bitcoin are not taxed, and the country does not impose wealth tax, inheritance tax, or gift tax. The real focus is whether the individual's country of origin recognizes this arrangement; because most countries typically do not easily relinquish their taxing rights over their tax residents and often conduct strict scrutiny and recovery on tax residency issues.

Goldman Sachs and Morgan Stanley compete for the lead underwriting position in OpenAI and Anthropic's IPO, with potential earnings exceeding $7 billion

According to Fortune, Goldman Sachs and Morgan Stanley are competing for the lead underwriter position for the future IPOs of OpenAI and Anthropic. Previously, Goldman Sachs secured the lead underwriter role for the SpaceX IPO, which is expected to take place on June 12. Both OpenAI and Anthropic's IPOs are expected to raise at least $60 billion, totaling over $120 billion.Jay Ritter, an IPO expert from the University of Florida, stated that the investment bank that secures the lead underwriter position will determine how much IPO stock allocation each fund receives, thus potentially earning far more than other underwriters. Ritter noted that institutional investors often pay a significant amount of "soft dollars" to lead underwriters to secure more IPO allocations, which refers to the portion of trading commissions that exceeds the actual execution costs.If it is still uncertain whether Goldman Sachs or Morgan Stanley will secure the lead underwriter position for OpenAI and Anthropic, funds may simultaneously direct more trading commissions to both investment banks to increase their chances of receiving allocations. For example, in the case of the SpaceX IPO, if the fundraising scale reaches $86 billion, the underwriting fee would be approximately $600 million. However, if the stock price rises by 20% on the first day, the paper gains for IPO investors would exceed $17 billion, and Ritter estimates that at least 30% of that could flow back to the investment bank in the form of soft dollars, about $5 billion, far exceeding the underwriting fee itself.If both OpenAI and Anthropic see a 20% increase on their first day of trading, the paper gains for investors would reach $24 billion. Based on the same ratio, investment banks could potentially receive over $7 billion in soft dollars, most of which would flow to the lead underwriter. Currently, both OpenAI and Anthropic have secretly submitted draft registration statements, but the listing dates have not yet been determined.

Next week's macro outlook: The last meeting minutes of the "Powell era" are coming, and Nvidia will release its earnings report on Wednesday

According to Jinshi reports, the US and Israel are expected to resume strikes against Iran as early as next week. Amidst the soaring expectations of interest rate hikes in the bond market, the last meeting minutes of the "Powell era" are coming. Here are the key points that the market will focus on next week (all in Beijing time):Tuesday 9:30, the Reserve Bank of Australia will release the minutes of the May monetary policy meeting;Tuesday 20:00, Federal Reserve Governor Waller will speak at the European Central Bank research conference;Tuesday 20:15, the weekly change in ADP employment numbers for the week ending May 2 in the United States;Wednesday 7:00, 2026 FOMC voting member and Philadelphia Fed President Harker will speak;Thursday 2:00, the Federal Reserve will release the minutes of the monetary policy meeting;Thursday 20:00, European Central Bank Chief Economist Lane will speak at the European Central Bank research conference.The AI boom and consumer spending under inflationary pressure are the two main themes currently influencing the direction of US stocks. Next week, semiconductor giant Nvidia (NVDA) and a number of retail companies such as Walmart (WMT) will successively disclose their earnings reports. Nvidia will release its earnings report after the US market closes on Wednesday, and Walmart will release its earnings report before the US market opens on Thursday.
app_icon
ChainCatcher Building the Web3 world with innovations.