Germany could lose tax-free crypto policy under new ruling coalition
Germany’s Social Democratic Party (SPD) wants to abolish the country’s one-year crypto-holding tax exemptions and replace them with a capital income tax of 30% on all crypto profits.
That’s according to a published excerpt of coalition negotiations between the SPD, the Christian Democratic Union (CDU), and the Christian Social Union (CSU).
On taxation of capital income, the SPD claimed, “We are increasing the withholding tax rate on private capital income to 30 percent. We are taxing income from cryptocurrencies as capital income.”
Educational crypto platform Blocktrainer claims the proposed change is “a planned flat-rate tax of 30% on all crypto profits, regardless of the holding period.”
It also claims…
