According to Bloomberg, Italy plans to raise the capital gains tax on Bitcoin investments from 26% to 42%. Italian Deputy Minister of Finance Maurizio Leo stated in a budget plan conference call in Rome that this move is due to the "phenomenon spreading." Previously, the Italian government aimed to raise €3.50 billion (approximately $3.80 billion) in budget funds by imposing additional taxes on banks and insurance companies, noting that most of the amount would be collected through delays in tax relief.

According to Bloomberg, Italy plans to raise the capital gains tax on Bitcoin investments from 26% to 42%. Italian Deputy Minister of Finance Maurizio Leo stated during a budget planning conference call in Rome that this move is due to the "phenomenon spreading." Previously, the Italian government aimed to raise €3.50 billion (approximately $3.80 billion) in budget funds by imposing additional taxes on banks and insurance companies, and stated that most of the amount would be raised by delaying tax relief.

Italy plans to raise the capital gains tax on Bitcoin investments to 42%.