Mmastodon BusinessCrypto first seen 1 d ago, last 1 d ago, peak #2
German tax plan would tax half of crypto sale proceeds without proof
Original: 50 % Ersatzbemessungsgrundlage ⚠️ Die 50 % Steuerfalle im Gesetzesentwurf! Fehlt der Kaufnachweis für deine Coins? Das F
A German draft law would allow the tax office to set 50 percent of the sale proceeds as the taxable base for crypto sales if the holder cannot provide proof of purchase. Critics are warning of a '50 percent tax trap' for Bitcoin and other coin owners who lack proper records, urging holders to document acquisition costs.
Why now: A legislative proposal threatens crypto holders who cannot document purchase prices with a harsh flat taxation.
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