Yes...😿the “maximum” is 55% so we are not taxed that high unless we make a significant profit, but it is still a burden.
I heard that Germany gives you a tax exemption when you sell if you hold for a long time. Nice!
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After one year hodling gains are tax free in Germany. Yet. They will probably change that sometime soon. Hopefully the tax corridor worldwide will be between 20-30%. Everything more is too much in my view for the risk we all take, same with stocks by the way.
PS: what are the chances this 20% comes through?
Tax-free if held for one year! That's nice. I hope it stays that way. Really, the tax rate is too high for the risk and the hassle of calculating profit and loss.
In Japan, cryptocurrency industry groups have requested a 20% separate taxation in the tax reform, and political parties have pledged to do so, so I am hopeful that it may happen someday. However, many say it may take several years.
🫣🤞🏻