Italian government surfing on bitcoin wave

[void]

Italy's Deputy Finance Minister Maurizio Leo announcing their plan to increase capital gains on Bitcoin from 26% to 42% because "the phenomenon is spreading."

... and because they can

 

[Jorozey]

By now everyone with a little brain has realized that FIAT money is being printed 24/7 and our governments can afford to borrow up to an infinite amount of euros/dollars...

All the countless taxes that governments impose on us are just a guarantee to keep us poor.

 

[void]

By now everyone with a little brain has realized that FIAT money is being printed 24/7 and our governments can afford to borrow up to an infinite amount of euros/dollars...

All the countless taxes that governments impose on us are just a guarantee to keep us poor.

the real fun will start with first serious government with balls big enough (or desperate enough) to print fiat to buy BTC and back the currency with it - I can't wait to see race for not being the last idiot - do I sound like a lunatic? I think it's rational and inevitable

I'm grateful I experienced the onset of personal computers, internet, dot.com, mobile phones, e-commerce, the mobile wave and bitcoin.... I feel like bitcoinization of nation states will be the last bit I'm missing... dreamer... huh?

 

[cryptofriendly]

I don't remember any of the governments doing anything to help people making money with crypto,
how come they feel entitled to 42% of the profits?

Government is an institution of theft, fed and nurtured by stolen people's (who actually create value) money.

https://decrypt.co/286630/italy-increase-bitcoin-capital-gains-tax

 

[cuno]

Does Italy surprise anyone here with suggested procedure?

 

[JackAlabama]

I don't remember any of the governments doing anything to help people making money with crypto,
how come they feel entitled to 42% of the profits?

Government is an institution of theft, fed and nurtured by stolen people's (who actually create value) money.

View attachment 8035

https://decrypt.co/286630/italy-increase-bitcoin-capital-gains-tax

yeah this is it. Often they even actively oppsoed to it and harm normal people earning by requiring all sorts of nonsense beforehand.
especially in crypto, the nonsense stupid regs are annoying af.

 

[cuno]

especially in crypto, the nonsense stupid regs are annoying af.

do they have special regulations in Italy? I always thought their slogan is black money is good money?

 

[JackAlabama]

do they have special regulations in Italy? I always thought their slogan is black money is good money?

just like a good ol emerging market. With the added caveat of having the parasites funded by euro from eu instead of a total banana currency.

 

[JohnnyDoe]

Taxes on btc ETFs remain at 26%

Ps. This is just a proposal of a vice minister, not an actual law.

 

[JohnnyDoe]

“I lost it all with a stupid NFT investment”.

 

[jkl197]

and apparently this is their reasoning:

they claim that the extra tax is fair as cryptos do not serve a social purpose as prescribed by the doctrine of the Catholic Church
https://www.criptovaluta.it/98740/bitcoin-tasse-cornelli-consob

 

[void]

and apparently this is their reasoning:

they claim that the extra tax is fair as cryptos do not serve a social purpose as prescribed by the doctrine of the Catholic Church
https://www.criptovaluta.it/98740/bitcoin-tasse-cornelli-consob

sort of reminds the islamic banking principles

 

[Revoltec]

Still better than Denmark at 42% for unrealized gains.

https://www.ccn.com/news/crypto/denmarks-crypto-bill-tax-on-unrealized-gains-bitcoin/

 

[Jorozey]

Still better than Denmark at 42% for unrealized gains.

https://www.ccn.com/news/crypto/denmarks-crypto-bill-tax-on-unrealized-gains-bitcoin/

You will own nothing, and be happy, remember? - #WorldEconomicForum
Europe/West will be remembered as destroyer of humanity, human progress and innovation.

https://web.archive.org/web/2022112...ifferently-well-live-in-2030/?sh=fe2958617350 -------- They tried to hide their communist intentions from the masses by deleting their article, but the internet remembers everything.

Communist WEF is the cancer of the Earth

 

[void]

Italian tax code is very predictable...

 

[Jorozey]

Here are the next ones

https://www.cryptopolitan.com/france-tax-unrealized-bitcoin-gains/

 

[cryptofriendly]

I am glad being a PT, not staying more than 180 days anywhere for years, and not having to deal with this BS.

But I think it might be time to get some additional citizenships, to be able to have a plan B when the whole of EUSSR starts taxing based on citizenship.

 

[void]

I am glad being a PT, not staying more than 180 days anywhere for years, and not having to deal with this BS.

it's quite easy to become perpetual traveler however way more complicated not to be seen as tax resident (anywhere)

But I think it might be time to get some additional citizenships, to be able to have a plan B when the whole of EUSSR starts taxing based on citizenship.

maybe I'm too optimistic but EU will sooner fall apart...

 

[JohnnyDoe]

I am glad being a PT, not staying more than 180 days anywhere for years, and not having to deal with this BS.

Again with this PT nonsense?
Read this: https://www.offshorecorptalk.com/th...al-compliance-requirements.43814/#post-288350

 

[JohnLocke]

You will own nothing, and be happy, remember? - #WorldEconomicForum
Europe/West will be remembered as destroyer of humanity, human progress and innovation.

View attachment 8086
https://web.archive.org/web/2022112...ifferently-well-live-in-2030/?sh=fe2958617350 -------- They tried to hide their communist intentions from the masses by deleting their article, but the internet remembers everything.

Communist WEF is the cancer of the Earth

I must admit, it had faded into the back of my mind, and when I first came across it, I actually thought it was a decent idea: you own nothing, you have no privacy, and everyone knows what you do and who you are.

Today, I shake my head at myself when I think about it, how brainwashed one can be.

Ida Auken is the daughter of an otherwise very sympathetic and now late politician.

But like so many of the young, power-hungry, and delusional politicians, she is like a cancerous tumor to society and future generations.