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Italy Lowers Crypto Transfer Tax Proposal to 28%, Down from 42%

BitcoinWorld LogoBitcoinWorld1w ago

Italy Lowers Crypto Transfer Tax Proposal to 28%, Down from 42% - BitcoinWorld

Quick Summary:

Italy Lowers Crypto Transfer Tax Proposal to 28%, Down from 42% The Italian government has adjusted its approach to cryptocurrency taxation, lowering the proposed tax rate on crypto transfers from 42% to 28%.

With this new rate, Italy aligns itself more closely with other crypto-friendly European nations, fostering a more competitive environment for investors and businesses.

The revised 28% rate reflects a compromise, acknowledging the need for tax revenue while also recognizing the importance of fostering a thriving crypto industry.


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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 12:11:25 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 487 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23570516

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About BitcoinWorld

BitcoinWorld Logo

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 6 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #121

Publisher Details

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The story "Italy Lowers Crypto Transfer Tax Proposal to 28%, Down from 42%" has 487 words across 21 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story "Italy Lowers Crypto Transfer Tax Proposal to 28%, Down from 42%" was covered 1 weeks ago by BitcoinWorld, a news publisher based in India.

How trustworthy is 'BitcoinWorld' news outlet?

BitcoinWorld is a fully independent (privately-owned) news outlet established in 2020 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 6 news stories per day.

It's most recent story was published 9 hours ago.

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  • News ID: #23570516
  • URL: https://beamstart.com/news/italy-lowers-crypto-transfer-tax-17315005698396

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