https://bravenewcoin.com/insights/italy-reduces-proposed-crypto-tax-hike-to-28-amid-industry-concerns
Italy Reduces Proposed Crypto Tax Hike to 28% Amid Industry Concerns

"In a significant policy shift, Italy is expected to lower its proposed increase in the capital gains tax on cryptocurrency transactions from 42% to 28%.

This decision reflects an attempt to balance the government’s revenue goals with concerns about the potential impact of high taxes on the country’s digital asset market. The proposed reduction has gained traction within Prime Minister Giorgia Meloni’s coalition, with an amendment led by the League party, which is aimed at making Italy more appealing to crypto investors.

Why Italy’s Government Scaled Back the Increase
The original proposal, part of Italy’s October budget draft, sought a sharp rise in the tax rate to 42%, up from the existing 26%. This aggressive move was designed to increase tax revenue as Italy works to stabilize its public finances amid the reinstatement of European Union fiscal policies.

However, industry advocates and crypto executives cautioned that a tax this high migh"