Italy to Raise Capital Gains Tax on Crypto
Millionaires urge Reeves to raise £14bn from capital gains tax changes at Budget
Rachel Reeves should increase capital gains tax (CGT) at Labour’s upcoming Budget, a group of millionaire business owners have urged, estimating the measure would raise £14bn a year.
Capital Gains Tax Repeal on the Ballot: What to Know
As Kiplinger previously reported, the Washington capital gains tax imposes a 7% levy on profits exceeding $250,000 from the sale of assets, including stocks and bonds. In its first year, the tax generated approximately $786 million in revenue, with collections reaching over $400 million by mid-May 2024.
UK to raise capital gains tax rate on share sales, Times reports
Britain will increase the rate of capital gains tax payable on sales of shares and other assets in an Oct. 30 budget statement, the Times newspaper reported on Wednesday, saying the increase for share sales was likely to be several percentage points.
Labour's Budget capital gains tax raid could cost you a fortune - act now to reduce damage
Capital gains tax is often called the forgotten levy - but it is unlikely that Chancellor Rachel Reeves will overlook it in her Autumn Budget.
Reeves set to raise capital gains tax rate on sales of shares
Rachel Reeves is planning to increase the rate of capital gains tax on shares sales but not on properties such as second homes, it was reported today. The Chancellor will use her Budget to implement a raft of tax raising measures to close a funding gap now estimated at £40 billion a year.
Opinion
Kamala’s Capital Gains Tax Surprise
Now Harris is ready to do for capital gains what she did for the border; turn it into a flaming disaster. Kamala is now proposing to tax unrealized capital gains, which are merely financial gains on paper or on a spreadsheet that have not put an additional nickel into the taxpayer’s pocket.
Opinion
Vote ‘no’ on I-2109, keep WA’s capital gains tax
In 2021, the Legislature took a step toward addressing these problems with the Fair Start for Kids Act, funded in part by the limited capital gains tax on extraordinary profits. The tax funds thousands of subsidized pre-K and child care spots and has funded over 170 school construction projects across the state so far.
Italy to Raise Capital Gains Tax on Crypto to 42% From 26%: Reports
Italy's Deputy Finance Minister, Maurizio Leo, said the government will raise taxes on capital gains on cryptocurrencies such as bitcoin to 42%
Italy Drops Bitcoin Tax Bombshell: Capital Gains to Soar to 42% in Shocking Budget Move
In a shocking budget proposal, the Italian government is set to raise the capital gains tax on Bitcoin from 26% to 42%, creating major concerns for crypto investors as the country seeks new revenue sources.
Italy said to lift taxes on capital gains from bitcoin to 42% from 26%
Deputy Finance Minister Maurizio Leo said Wednesday that Italy plans to hike capital gains tax on cryptocurrencies like bitcoin (BTC-USD) to 42% from 26%, according to several media reports. The price of bitcoin (BTC-USD) appeared unfazed by the news,
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Ignore social media. Here’s what Harris’ unrealized capital gains tax proposal means for you
Currently, some middle- and high-income people are subject to a tax on realized capital gains, which results when an ...
8 of the savviest loopholes wealthy investors use to reduce or avoid capital gains tax
Some of these strategies allow investors to completely avoid paying taxes on their gains.
Capital Gains Tax Hike Won’t Deter Investment, Quebec Minister Says
Quebec’s finance minister says Canada’s increase to the capital gains inclusion rate is “reasonable” and won’t hamstring ...
What if Warren Buffett had faced Kamala Harris’s unrealized-capital-gains tax from the outset? Here are the numbers.
One of the earliest proposals in Vice President Kamala Harris’s presidential campaign was the idea to tax unrealized capital ...
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Italy Risks Unique Position in Europe With Proposed 42% Capital Gains Tax on Bitcoin
Italy plans to raise crypto capital gains tax from 26% to 42%, raising concerns of investor exodus and stifling the local sector.
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Harris, Trump emphasize tax plans, criticize each other's priorities | Morning in America
Former President Donald Trump and Vice President Kamala Harris are touting their tax plans in hopes that the issue will set them apart in a razor-thin race. Trump has promised tariffs on imports while ...
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Rachel Reeves set to launch largest Budget tax raid in history
Rachel Reeves is set to launch the largest Budget tax raid in history in her upcoming October Budget. The Chancellor has ...
Reeves eyes up to £40bn in tax rises and spending cuts in Budget
The Chancellor told ministers on Monday that plans to fill a £22 billion black hole would be enough only to ‘keep public ...