Derived from Coinotag, the Left Party and Alliance 90/The Greens in Germany propose abolishing the one-year tax-free holding period for Bitcoin. The reform aims to tax all crypto profits like stocks, targeting €47 billion in untaxed gains in 2024. Currently, German investors avoid capital gains tax on Bitcoin profits after holding for over one year. The proposal seeks to treat cryptocurrencies as financial assets, taxing all gains regardless of holding duration. Only about 3% of Germany’s 7 million crypto users currently pay taxes on their holdings, according to Bundestag member Isabelle Vandre.
German Left and Greens Propose Ending Bitcoin Tax-Free Holding Period
CoinotagShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.