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Italy drops plans to hike capital gains tax on crypto amid backlash, political division – TON BOT

Italy drops plans to hike capital gains tax on crypto amid backlash, political division

Italy’s government planned to reduce a proposed tax increase on crypto capital gains following criticism and divisions within the ruling coalition. The initial proposal aimed to raise the tax rate from 26% to 42%, but lawmakers from the League party confirmed it would be reduced. The government is under pressure to balance fiscal prudence and support for the digital asset industry. Critics warned that the hike could push investors into the shadow economy, while political insiders suggest the current tax rate may remain unchanged. The League party argued for a less aggressive approach to support innovation and economic growth.


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