In a transformative move, Italy is placing a significant focus on taxing large digital companies as part of its revamped internet tax strategy. This initiative not only aims to level the playing field between major tech giants and small businesses but also seeks to enhance the country’s revenue collection in the rapidly evolving digital economy. […]
South Korea Postpones Cryptocurrency Tax to 2027: Implications for Investors and the Market
In a significant development for the cryptocurrency landscape, South Korea has announced the postponement of its crypto tax framework until 2027. This decision has stirred a mixture of relief and concern among investors and analysts alike, highlighting the ongoing debate about regulation in a rapidly evolving financial market. Initially set to take effect in 2023, […]
Italy Targets Cybercrime with Tough New Measures
In a decisive move to counter rising cyber threats, Italy has unveiled plans for strict new measures aimed at hackers and unauthorized database breaches. This proposed legislation reflects Rome’s commitment to bolstering cybersecurity and addressing the increasing frequency of cyberattacks that threaten national infrastructure and personal data. Italy’s draft decree focuses on unauthorized access to […]
South Korea's Upcoming Cryptocurrency Gains Tax: What You Need to Know
In a decisive move, South Korea’s Democratic Party (KDP) is advancing legislation to impose a tax on cryptocurrency gains starting January 1, 2025. This announcement comes amidst a backdrop of ongoing debates within the government, particularly with the ruling People’s Power Party (PPP), which has suggested a postponement to 2028. The KDP, however, is countering […]
Italy Considers Higher Tax on Cryptocurrency Gains
Italy’s approach to cryptocurrency taxation is undergoing significant scrutiny as the government considers a new proposal to increase the capital gains tax on cryptocurrencies from 26% to 42%. This move, championed by Economy Minister Giancarlo Giorgetti, is part of the 2025 budget plan, which is set to be approved by parliament before the year’s end. […]