Italy's Deputy Finance Minister Maurizio Leo announcing their plan to increase capital gains on Bitcoin from 26% to 42% because "the phenomenon is spreading."
... and because they can
... and because they can
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Italian government surfing on bitcoin wave
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By now everyone with a little brain has realized that FIAT money is being printed 24/7 and our governments can afford to borrow up to an infinite amount of euros/dollars...
All the countless taxes that governments impose on us are just a guarantee to keep us poor.
All the countless taxes that governments impose on us are just a guarantee to keep us poor.
the real fun will start with first serious government with balls big enough (or desperate enough) to print fiat to buy BTC and back the currency with it - I can't wait to see race for not being the last idiot - do I sound like a lunatic? I think it's rational and inevitable
I'm grateful I experienced the onset of personal computers, internet, dot.com, mobile phones, e-commerce, the mobile wave and bitcoin.... I feel like bitcoinization of nation states will be the last bit I'm missing... dreamer... huh?
I don't remember any of the governments doing anything to help people making money with crypto,
how come they feel entitled to 42% of the profits?
Government is an institution of theft, fed and nurtured by stolen people's (who actually create value) money.
https://decrypt.co/286630/italy-increase-bitcoin-capital-gains-tax
how come they feel entitled to 42% of the profits?
Government is an institution of theft, fed and nurtured by stolen people's (who actually create value) money.
https://decrypt.co/286630/italy-increase-bitcoin-capital-gains-tax
yeah this is it. Often they even actively oppsoed to it and harm normal people earning by requiring all sorts of nonsense beforehand.
especially in crypto, the nonsense stupid regs are annoying af.
do they have special regulations in Italy? I always thought their slogan is black money is good money?
just like a good ol emerging market. With the added caveat of having the parasites funded by euro from eu instead of a total banana currency.
Taxes on btc ETFs remain at 26% 
Ps. This is just a proposal of a vice minister, not an actual law.
Ps. This is just a proposal of a vice minister, not an actual law.
and apparently this is their reasoning:
they claim that the extra tax is fair as cryptos do not serve a social purpose as prescribed by the doctrine of the Catholic Church
https://www.criptovaluta.it/98740/bitcoin-tasse-cornelli-consob
they claim that the extra tax is fair as cryptos do not serve a social purpose as prescribed by the doctrine of the Catholic Church
https://www.criptovaluta.it/98740/bitcoin-tasse-cornelli-consob
sort of reminds the islamic banking principles
Still better than Denmark at 42% for unrealized gains.
https://www.ccn.com/news/crypto/denmarks-crypto-bill-tax-on-unrealized-gains-bitcoin/
https://www.ccn.com/news/crypto/denmarks-crypto-bill-tax-on-unrealized-gains-bitcoin/
You will own nothing, and be happy, remember? - #WorldEconomicForum
Europe/West will be remembered as destroyer of humanity, human progress and innovation.
https://web.archive.org/web/2022112...ifferently-well-live-in-2030/?sh=fe2958617350 -------- They tried to hide their communist intentions from the masses by deleting their article, but the internet remembers everything.
Communist WEF is the cancer of the Earth
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