Portugal's finance minister calls for 28% tax on capital gains from cryptos (seekingalpha.com)

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That doesn’t sound too bad. After that it’s free and clear.

Crypto fans were pushing Portugal because they had 0 tax on crypto. Still not bad, but >0 for those who optimized for that.

mustafabisic1 3y ago ↗

Portugal's making moves - https://www.cnbc.com/2022/10/10/work-from-a-european-beach-w...

P.S. Working on a weekly newsletter for remote working parents. https://thursdaydigest.com/

I know, I know. Bear with me, I'm trying to get myself out there. <3

r00fus 3y ago ↗

Good. It's not like crypto is creating any local jobs compared to the tax it's avoiding.

prottog 3y ago ↗

I prefer to ask why the state is entitled to more taxation, rather than asking why its citizens are entitled to keep more.

exabrial 3y ago ↗

Precisely. Why offload it to be wasted on expensive meals for bureaucrats conducting meetings at exotic vacation locations

stjohnswarts 3y ago ↗

Seems like with all the damage it causes it would be more like 50%

[dead] Proven 3y ago ↗

vegai_ 3y ago ↗

>Fernando Medina, Portugal's finance minister, has recently submitted a budget draft proposal to parliament calling for a 28% tax on capital gains from cryptocurrencies such as bitcoin (BTC-USD) held for less than a year.

That's a much much better deal than what you would get in many other countries. Sometimes I wonder why I don't live in Portugal, but I'm sure it's not all roses.