Spanish left-wing party proposes 47% high tax on cryptocurrencies
ChainCatcher news, according to Cointelegraph, Spain's left-wing Sumar party has recently proposed amendments to three major tax laws, aiming to increase the tax rate on cryptocurrency gains from the current 30% to 47%, and plans to classify all digital assets as seizable assets.
The proposal also requires the National Securities Market Commission (CNMV) to create a visual "risk traffic light" system for cryptocurrencies. Critics have called this move a "useless attack on bitcoin," warning that it could lead to cryptocurrency holders fleeing Spain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The U.S. fiscal deficit in October expanded by 42% year-on-year to $404 billion, with the current fiscal year gap expected to reach $2.2 trillion.
Data released by the U.S. Treasury Department on Thursday showed that, due to increased government spending and decreased tax revenue, the U.S. fiscal deficit reached $404 billions in October, expanding by 42% compared to the same period last year.
S&P 500 Recovered $1 Trillion in 90 Minutes Despite Wider Market Crash
BUZZ - Cisco shares rise after raising annual revenue forecast
Crypto prices
More
