Odaily Planet Daily reports: The European Commission is evaluating a proposal to impose a unified tax on crypto companies, the online gambling industry, and large digital platforms to generate additional revenue for the EU budget from 2028 to 2034. A 0.1% tax on crypto transactions is expected to generate approximately €3 to €4 billion annually for the EU budget; a crypto capital gains tax is projected to contribute €1 to €2.4 billion annually.
The European Commission estimates that the two aforementioned crypto taxes could generate approximately €28 billion in revenue over a seven-year budget cycle. Additionally, a 3% tax on large digital companies is expected to yield €5 billion annually, while online gambling taxes are projected to contribute €1.9 billion per year. The proposals still face opposition from member states, and their final implementation remains uncertain. (POLITICO)