Shocking cryptocurrency taxes all over the world!
there are many of the most troubled nations in the world where cryptocurrencies are banned. but there are also many countries where trading is totally legal. I did some research about taxes on cryptocurrencies and you will surprise to know it
CRYPTOCURRENCY TAXES IN AUSTRALIA
if an Australian resident holds cryptocurrency for more than 12 months without selling or trading it then he must pay a 50% capital pay discount.
CRYPTOCURRENCY TAXES IN GERMANY
if you own cryptocurrency for more than a year then you have to pay 45% tax for all applies of gain.
CRYPTOCURRENCY TAXES IN AMERICA
Americans have to pay tax every time when they buy or trade cryptocurrency. and if American holding cryptocurrency for more than a year than he has to pay long term capital gain tax.
CRYPTOCURRENCY TAXES IN FRANCE
french tax authority applies 19% cryptocurrency short gain taxes on their residents
CRYPTOCURRENCY TAXES IN SWEDEN
in Sweden, 30% capital gain tax applies on any sale or exchange of cryptocurrency
THANK YOU FOR READING
If the governments see cryptocurrency as source of revenue, why can't they legalise it? The outbreak of Covid-19 alone is a signal for them to adopt cryptocurrency.