Germany’s Left and Green Party push to end tax-free Bitcoin holding
Crypto Briefing
Germany's Left and Green parties seek to eliminate the one-year tax-free holding period for Bitcoin gains.Summary
Germany's Left Party and Green Party are advocating for the removal of the current tax exemption on capital gains from Bitcoin and other cryptocurrencies held for over one year. They argue that this tax-free status should be abolished to align crypto taxation with that of other capital incomes. Despite their push, recent proposals in the Bundestag to end this tax break were voted down, meaning the one-year tax-free holding rule remains in effect. This political debate highlights a division, as the AfD party has conversely supported Bitcoin, seeking to protect it from excessive taxation.
(Source：Crypto Briefing)