Italy's raising capital gains tax on crypto to 42% 🤌🇮🇹
PREDICTION 1: People are going to try to hide their Bitcoin and just not pay the tax.
PREDICTION 2: People will quickly find out that blockchains are public, and they will get caught 😬 This will lead to a boom in privacy tech.
PREDICTION 3: Capital flight to more friendly jurisdictions like Dubai.
or everything at the same time
Yes.
the capital flight will be real.
Absolutely. And it's so easy with crypto.
yes it is.
Do you think that's likely to spread to other countries in Europe?
Tax hikes like that? Yes. Unfortunately.
Yea.. looks like the norm all over thw world
Damn good predictions ;)
Well let's see how it turns out.
Most likely, all of the above.
That's crazy high!
Yeah doesnt sound like the smartest move 😅
Tell @scottcbusiness that you're here on #inleo
#leofinance #freecompliments
Or just other countries in Europe, here no taxation at all, except for day trading…
Yet, we still are the most taxed country in the world, so please let them stay away from crypto!