The post a bitter jump from 26% to 42% appeared on BitcoinEthereumNews.com.

Today, the Deputy Minister of Economy, Maurizio Leo, stated that the government plans an increase in crypto taxes in Italy. The proposal would see the rate on capital gains from sales of Bitcoin and cryptocurrencies rise from 26% to 42%. The Italian government is discussing the details of the new economic maneuver for 2025, and one of the innovations it is considering is therefore the increase of crypto taxes.  The proposal for the increase of crypto taxes in Italy This morning, Deputy Minister Leo held a press conference together with the Minister of Economy Giorgetti, during which they outlined the main points of the new economic maneuver.  At a certain point, Leo explicitly stated that they plan to increase the withholding on capital gains from Bitcoin to 42%. In Italy, the capital gains obtained from the sale of cryptocurrencies are currently taxed at 26%, which is an average percentage compared to that of other European countries. According to the data from Tax Foundation Europe, the capital gains tax rate in Germany is 26.4%, and in Spain, it is 28%. The 42% turns out to be the highest European taxation, currently applied only by Denmark.  In France it is 34%, and in Great Britain it is 20%.  In Switzerland, on the other hand, it turns out to be completely null, equal to 0%! Besides Denmark, there is no European State where it is greater than 40%, so much so that currently the second is Norway with 37.8%, and the third is precisely France with 34%, equal to Finland.  In fact, as of today, excluding Great Britain, 26% is the lowest rate among the major countries of central-western Europe.  The probabilities of success of the proposal According to the statements of the Italian Deputy Minister of Economy, the probabilities that such a…

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Filed under: News - @ October 16, 2024 4:21 pm