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Italy Plans to Raise Bitcoin Capital Gains Tax from 26% to 42%
- Italy plans to raise the capital gains tax on Bitcoin and other cryptocurrencies from 26% to 42%.
- This decision is part of Italy’s 2025 budget plan to generate around 4 billion euros ($4.35 billion) in revenue.
- The tax hike is intended to support families, youth, and businesses in Italy.
- Italy will now have one of the highest capital gains taxes on cryptocurrencies worldwide.
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