Italy’s 42% Bitcoin Tax: Will Investors Leave the Country?
Oct 17, 2024 · Italy proposes raising crypto the country's capital gains tax from 26% to 42%, sparking investor concerns about capital flight. The tax hike is part of Italy's 2025 budget plan to address fiscal shortfalls, facing criticism for hindering crypto growth.
Italy Eyes Drastic Tax Hike On Bitcoin Profits: 42% Looming In …
Oct 16, 2024 · Italy’s government made a bold move to tighten the screws on cryptocurrency profits, unveiling plans to increase capital gains taxes on Bitcoin and other cryptocurrencies from the current 26%...
Italy to Raise Capital Gains Tax on Bitcoin to 42% From 26%
Oct 16, 2024 · Italy plans to raise the capital gains tax on Bitcoin to 42% from 26%, part of efforts to finance expensive election promises while cutting the fiscal deficit.
Italy to Raise Capital Gains Tax on Crypto to 42% From 26%: Reports
Oct 16, 2024 · Italy's Deputy Finance Minister Maurizio Leo has said the nation will raise taxes on capital gains on cryptocurrencies such as Bitcoin to 42% from 26%, according to Reuters and Bloomberg.
Italy Bows to Pressure, Finalizes Crypto Tax Overhaul to …
Oct 16, 2024 · Italy recently overhauled its crypto taxation laws, particularly focusing on Bitcoin (BTC) capital gains. The Parliament approved a government proposal to increase the withholding tax on Bitcoin profits from 26% to 33%.
Italy Poised to Water Down Proposed 42% Tax on Crypto Trading
Nov 12, 2024 · Italian Prime Minister Giorgia Meloni’s government is likely to approve a coalition partner’s proposal to water down a mooted tax increase on crypto trades, according to people with knowledge of the matter.
Italy Reveals 62% Increase in Bitcoin Capital Gains Tax
Oct 16, 2024 · The Italian government has announced plans to raise the tax rate on capital gains from Bitcoin and other cryptocurrencies from 26% to 42%. That’s a nearly 62% increase from the current rate.
Italy’s largest bank, Intesa Sanpaolo, makes bold crypto move
Intesa Sanpaolo, Italy’s largest bank by assets and a major player in the European financial landscape, has officially entered the Bitcoin market. According to a report from Reuters, the bank ...
Italy considers raising capital gains tax on Bitcoin to 42% from 26%
Oct 16, 2024 · The Italian government is considering increasing the capital gains tax for investments in Bitcoin from 26% to 42%, according to Deputy Economy Minister Maurizio Leo.
Italy set to hike Bitcoin capital gains tax from 26% to 42%
Dec 13, 2024 · Italy is raising the Bitcoin capital gains tax from 26% to 42% to fund election promises and cut the fiscal deficit. Prime Minister Meloni’s government is also taxing banks and insurers to finance healthcare and aid for vulnerable citizens.