In a strategic response to ongoing tensions with the United States over digital taxation, Italy has announced significant adjustments to its web tax policy. This move aims to alleviate criticism that the tax disproportionately impacts American tech giants while broadening its scope to include smaller digital firms. Originally implemented in 2019, Italy’s digital service tax […]
Italy's Economy Minister Advocates for Crypto Tax Increase in 2025 Budget
Italy’s economy is poised to undergo significant changes as Economy Minister Giancarlo Giorgetti champions a proposal to raise taxes on cryptocurrency capital gains from 26% to a staggering 42%. This move, aimed at addressing what Giorgetti perceives as the excessive risks associated with digital assets, could potentially yield an additional €16.7 million annually for the […]
Japan's DPP Promises 20% Crypto Tax If Elected
Japan’s Democratic Party for the People (DPP), under the leadership of Yuichiro Tamaki, is making headlines with its ambitious proposal to reduce the tax on cryptocurrency profits to 20%. This move aims to revitalize the nation’s cryptocurrency landscape, positioning Japan as a competitive player in the digital economy. Currently, profits from cryptocurrencies are taxed as […]
Irish Government's Response to Apple Tax Ruling: A Historical Perspective
The ongoing saga surrounding Apple’s taxation practices has taken another turn with the Irish government’s recent declaration that the matter is now “of historical relevance.” This statement follows a significant ruling by the Court of Justice of the European Union (CJEU), which confirmed that Ireland had provided Apple with unlawful tax benefits, leading to a […]