Italy's lawmakers are expressing opposition to the government's plans to increase capital gains taxes and broaden the scope of crypto assets. The proposed tax hike, part of Prime Minister Giorgia Meloni's 2024 budget, is being criticized for potentially stifling innovation and impacting smaller businesses. Economy Minister Giancarlo Giorgetti had suggested raising cryptocurrency capital gains taxes from 26% to 42%, but some members of his ruling coalition are reportedly pushing for a cap at 28%. Giorgetti has expressed willingness to reconsider and explore alternative taxation structures. The debates also involve Italy's digital tax, with concerns about the removal of thresholds and potential impact on small and medium-sized enterprises. The expansion of the digital tax is both supported and opposed, with supporters arguing it could strengthen Italy's fiscal position, while opponents warn of potential tensions with the United States. The debates over crypto and web taxes present a significant challenge for the government, with over 300 proposed amendments to the 2024 budget.



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