The European Unions projected crypto tax revenue could fall well below expectations, according to Patrick Hansen, Circles EU Strategy and Policy Lead. Hansen has challenged the European Commissions estimate that new cryptocurrency taxes could generate nearly $23 billion during the EUs 20282034 budget cycle. A leaked European Commission document outlines two proposed crypto taxation models that member states may consider. The first is a 0.1% tax on cryptocurrency transactions, which officials believe could generate between $3.5 billion and $4.7 billion annually. Under this framework,… Read more
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