Circle Exec Slams Germany's Proposed 50% Crypto Tax Penalty

Germany Proposes Taxing 50% of Undocumented Crypto Sale Proceeds

A Circle policy executive says the plan would hit ordinary retail holders hardest. A German tax lawyer says the 50% figure is not final.

Circle Exec Slams Germany's Proposed 50% Crypto Tax Penalty

Circle’s Patrick Hansen stressed that the planned reform on crypto taxation would introduce a 50% substitute assessment for crypto assets if users fail to provide credible purchase documentation, with these assets paying 50% of the sales proceeds in taxes. Circle’s Patrick Hansen Criticizes German Crypto Tax Reform The cryptocurrency tax reform proposed by the Federal […]

Circle Exec Slams Germany’s Proposed 50% Crypto Tax Penalty

Circle’s Patrick Hansen stressed that the planned reform on crypto taxation would introduce a 50% substitute assessment for crypto assets if users fail to provide credible purchase documentation, with these assets paying 50% of the sales proceeds in taxes. Circle’s Patrick Hansen Criticizes German...