Italian Deputy Economy Minister Maurizio Leo announced today that Italy is considering raising the capital gains tax on Bitcoin (BTC) and other crypto assets from 26% to 42%. Italy Weighs Higher Bitcoin Capital Gains Tax At a news conference on October 16, 2024, Leo stated that the Giorgia Meloni administration is contemplating a significant increase in the withholding tax on crypto-related capital gains, moving it from 26% to 42%. The proposed 16% hike is part of Italy’s new budget bill, approved by the country’s Council of Ministers on October 15, 2024….
