Crypto is getting more popular each day, with exchanges opening their doors to customers from around the world. I'm aware that there are a few places with zero capital gains tax on crypto (eg: El Salvador and Puerto Rico).
But I'm curious to know which countries have the highest taxes? And do you think there's a chance they will lower them in the future?
Your input would be greatly appreciated. Thank you very much.
Many countries are seeing crypto tax rates that are very high. For example, Japan has a 55% tax rate. Denmark has a 53% tax rate. High taxes are a big challenge for new investors. Some countries, such as Germany, Singapore, Portugal, and others, are offering tax-free holdings. Tax-free countries are not just about investing, they are also focusing on caution. And in tax-free countries, when you make big gains after holding for a long time, you don't have to pay taxes on them, which makes it more attractive to investors.But I'm curious to know which countries have the highest taxes? And do you think there's a chance they will lower them in the future?
Your input would be greatly appreciated. Thank you very much.