{"id":141127,"date":"2024-11-01T12:30:43","date_gmt":"2024-11-01T10:30:43","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=141127"},"modified":"2024-11-01T03:42:33","modified_gmt":"2024-11-01T01:42:33","slug":"italys-finance-minister-defends-proposed-42-capital-gains-tax-on-cryptocurrencies-amid-criticism","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/italys-finance-minister-defends-proposed-42-capital-gains-tax-on-cryptocurrencies-amid-criticism\/","title":{"rendered":"Italy’s Finance Minister Defends Proposed 42% Capital Gains Tax on Cryptocurrencies Amid Criticism"},"content":{"rendered":"

He emphasized the \u201cvery high level of risk\u201d associated with digital assets, justifying the proposed tax hike, which still requires approval from Italian lawmakers before implementation.<\/p>\n

Giulio Centemero, a member of Italy\u2019s Chamber of Deputies, has labeled the tax increase as \u201ccounterproductive,\u201d advocating for more discussions among lawmakers. The Italian government anticipates generating approximately $18 million annually from the tax hike.<\/p>\n

This follows a previous increase in 2023, where the capital gains tax for crypto trading exceeding 2,000 euros was raised to 26% as part of a budget plan.<\/p>\n