02-01-2022, 11:13 PM
Why isn't there a backlash against crypto taxation?
<!-- SC_OFF --><div class="md"><p>Writing this since I saw that India passed a law where the crypto income is to be taxed by 30%.</p> <p>Why is there not any backlash or some sort of oppositon against this? I am trying to keep up with the news but I didn't see a single news where there was an <strong>ounce</strong> of opposition or a person speaking against this. What's worse is that I read that even UK and Norway tax the crypto income by around 30 percent to 40 percent. I feel like this in some way gatekeeps those who want to be a part of the crypto community or just start investing. </p> <p>What do you all think of this?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/MentalUsurpation"> /u/MentalUsurpation </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/shwgq1/why_isnt_there_a_backlash_against_crypto_taxation/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/shwgq1/why_isnt_there_a_backlash_against_crypto_taxation/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Writing this since I saw that India passed a law where the crypto income is to be taxed by 30%.</p> <p>Why is there not any backlash or some sort of oppositon against this? I am trying to keep up with the news but I didn't see a single news where there was an <strong>ounce</strong> of opposition or a person speaking against this. What's worse is that I read that even UK and Norway tax the crypto income by around 30 percent to 40 percent. I feel like this in some way gatekeeps those who want to be a part of the crypto community or just start investing. </p> <p>What do you all think of this?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/MentalUsurpation"> /u/MentalUsurpation </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/shwgq1/why_isnt_there_a_backlash_against_crypto_taxation/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/shwgq1/why_isnt_there_a_backlash_against_crypto_taxation/">[comments]</a></span>Kind Regards R