Источник Bitcoinist.com
Заголовок Italy’s Crypto Tax U-Turn: New 28% Rate Signals A Fresh Start
Дата 20241114

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Italy’s Crypto Tax U-Turn• Италия » Населенные пункты Италии » Города Италии » Турин: New 28% Rate Signals A Fresh Start

Italy’s Crypto Tax U-Turn• Италия » Населенные пункты Италии » Города Италии » Турин: New 28% Rate Signals A Fresh Start

by Christian Encila

33 minutes ago

in Uncategorized

0

Crypto watchers and investors in Italy have received encouraging news: Prime
Minister
Giorgia Meloni s government is considering a watered-down tax
hike . From the initial proposal of 46%, which was announced last second week
of October, the Italian government is currently re-evaluating the plan to
limit the increase “to just 28%”.

Related Reading: No! Judge Rejects Former Celsius CEO’s Attempt To Dismiss
Fraud Charges

According to multiple reports, the League, a member of Meloni’s coalition, has
recommended an amendment to the tax rate. This amendment aims to balance the
country’s revenue generation and the policy of attracting local and
international investors. Italy’s current levy is 26%.

Tax Hike On Crypto A Plan To Cut Fiscal Deficit

Italy’s plan to hike taxes on crypto capital gains was first announced on
October 16th, 2024. Deputy Finance Minister Maurizio Leo states that the
government aims to raise crypto taxes from 26% to 42%. Leo said the cabinet
approved the proposal because the “Bitcoin phenomenonis spreading. The
proposal
comes as the Italian government strengthens its digital services tax
to boost revenues in 2025.

Italy’s Crypto Tax Drama: Possible Relief in the Works

Looks like Italy might backtrack on its original plan to hike crypto capital
gains tax to a whopping 42%.

Instead, the government is considering lowering it to 28%, following backlash
from lawmakers and the crypto… pic.twitter.com/YE8CCjlyX7

IBC Group Official (@ibcgroupio) November 13, 2024

A few weeks after the initial announcement, the Italian government has
backtracked and now considers a much lower target hike of 28%. Many market
analysts and industry stakeholders have expressed concerns about the steep tax
hike.

According to analysts, this proposed increase may hurt the country’s
competitiveness, especially now that the European Union• Объект организация » Организации по алфавиту » Организации на Ев » Евросоюз is preparing to
introduce new crypto regulations through its Markets in Crypto-Assets
Framework.

Total crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта cap at $2.85 trillion on the daily chart: TradingView.com

The League Party Offers A Compromise

With growing concerns from many stakeholders, the League Party has submitted a
proposal to limit the hike to just 28%. The League Party is a junior member of
Meloni’s coalition, which sees the need to identify a middle ground that
generates revenues while promoting the growth of digital assets in the
country.

The party’s proposal has gained traction among policymakers, and it’s expected
to be approved after a few amendments. Furthermore, the proposal suggested
creating a working group with representatives from consumer organizations and
digital currency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта firms.

Related Reading: $81k Bitcoin Sparks FrenzyGoogle• Объект организация » Организации по алфавиту » Организации на Go » Google (компания) Searches Reach All-Time
High

Other Partners Call For A Tax Removal

Other organizations also call for canceling the proposal to tax crypto gains
altogether. For example, Forza Italia has recommended a separate amendment
that asks for the removal of a tax increase and the cancellation of tax
exemption
on cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта gains below €2k.

Forza Italia stated that the initial proposal of 42% was too high, which could
harm Italy’s standing among local and international investors. The group is
campaigning to create a friendlier environment for investments such as digital
assets.

Featured image from International Traveller, chart from TradingView

============= Итог: 2,6641 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта 3,7563 ; Италия#Населенные пункты Италии#Города Италии#Турин

============= Объекты: организации Google (компания) Евросоюз

============= Географические объекты: 1 45.066666667,7.700000000 Италия#Населенные пункты Италии#Города Италии#Турин


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