To raise more revenue to fund its 2025 budget, the Italian government is considering raising capital gains tax on cryptos, including Bitcoin (BTC).
Maurizio Leo, the Deputy Economy Minister of Italy, revealed the development today during a news conference at Palazzo Chigi.
Italy Considers Raising Crypto Tax Gains to 42%
He said the Italian government could raise the withholding tax on Bitcoin’s capital gains from 26% to 42%.
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