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The Italian government is reviewing potential changes to a proposed tax increase on cryptocurrency trades. This follows criticism from industry stakeholders, particularly when the government planned to raise the tax rate from 26% to 42% in its recent budget. However, <a href="https://www.bloomberg.com/news/articles/2024-11-12/italy-poised-to-water-down-proposed-42-tax-on-crypto-trading" rel="noopener noreferrer nofollow">sources</a> indicate that Giorgia Meloni’s administration may scale back the hike to 28%. These changes are part of broader efforts to align Italy’s fiscal policies with the European Union’s regulatory framework.<h2 id="header-0">Proposed Adjustments</h2>Two coalition partners have submitted amendments to revise the proposed tax hike. The League, a junior partner in the government, suggests capping the increase at 28%. Their proposal also includes forming a working group. This group would include digital-asset firms and consumer organizations to educate investors on cryptocurrency.Related: <a href="https://cryptotale.org/tether-releases-wdk-for-secure-customizable-crypto-wallets/" rel="noopener noreferrer nofollow">https://cryptotale.org/tether-releases-wdk-for-secure-customizable-crypto-wallets/</a>Forza Italia, another coalition partner, proposes a different approach. They aim to scrap the tax increase entirely. Their amendment also calls for removing the current exemption on gains below €2,000, signaling a shift toward uniform taxation.<a href="https://cryptotale.org/italian-government-considers-modifying-crypto-tax-hike/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Italian Government Considers Modifying Crypto Tax Hike

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