Italy’s finance minister defends 42% crypto capital gains tax plan
Giancarlo Giorgetti said cryptocurrencies like Bitcoin presented a “very high level of risk,” highlighting the need for additional taxes. Go to Source
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Brazilian Central Bank Considers Taxing Stablecoin Remittances
The stablecoin boom in Brazil has caught the attention of the central bank, which is currently exploring several ways to tax stablecoin remittances, including issuing a special license for crypto exchanges that provide these services. Central Bank of Brazil Explores Tax on Stablecoin-Based International Transactions, but There’s a Catch The Central Bank of Brazil is … Read more
Michael Saylor posts fake quote from Trump on crypto to 3.6M followers
Donald Trump said nothing about changing tax laws for Americans using Bitcoin to buy coffee but has suggested eliminating federal income tax. Go to Source
Former President Trump floats idea of eliminating federal income tax
According to the most recent Polymarket odds, the former President currently has a 65% chance of winning the Presidential election. Go to Source
Trump’s No-Income-Tax Vision: What America Looked Like Without Income Taxes
In a lively exchange on Fox & Friends this week, former U.S. President Donald Trump floated an intriguing idea: doing away with income taxes entirely. ‘There is a Way’: Trump’s Nostalgic Call for Ending Income Taxes During the television segment, Donald Trump took a nostalgic trip down memory lane, recalling a time when Americans didn’t … Read more
Binance exec leaves Nigeria after authorities drop final charges
After eight months’ detainment in Nigeria and court delays, Binance’s head of financial crime compliance, Tigran Gambaryan, is heading home for medical treatment. Go to Source
Governments must tax or ban Bitcoin to maintain deficits: Minneapolis Fed
The Federal Reserve Bank of Minneapolis suggests that a ban or tax on Bitcoin could ensure its ability to run permanent budget deficits. Go to Source
Italy Targets Bitcoin With Capital Gains Tax Hike as EU Prepares for MiCA Regulations
Italy plans to raise its capital gains tax on bitcoin to 42%, up from 26%, as part of efforts to fund election promises and curb the fiscal deficit. The government cites growing bitcoin adoption as a key factor. This comes as the European Union prepares to implement its Markets in Crypto-Assets Regulation (MiCA), aiming to … Read more
Italy to raise capital gains tax on Bitcoin from 26% to 42%
In addition to raising the withholding tax on Bitcoin capital gains to 42%, Italy also plans to remove the 750,000 euro web tax threshold. Go to Source
UAE Introduces Retroactive VAT Exemptions for Crypto Transactions
The United Arab Emirates has introduced VAT amendments that impact crypto transactions, redefining tax obligations for companies in the digital asset space. Under the new rules, businesses dealing with cryptocurrencies and other digital assets must carefully evaluate their tax positions, especially as some provisions retroactively affect transactions since 2018. UAE’s VAT Amendments Introduce Retroactive Tax … Read more
