Austria Crypto Tax Will Treat Digital Tokens Like Stock

From bnnbloomberg.ca

Austria says it wants to boost confidence in cryptocurrencies by taxing them like mainstream stock and bond investments. The home country to Peter Thiel-backed trading platform Bitpanda GmbH intends to apply a 27.5% capital gains levy on digital tokens like Bitcoin and Ethereum from March 2022 as part of a wide-ranging tax overhaul. More jurisdictions have been examining the imposition of taxes as the global cryptocurrency market’s value has swelled to more than $3 trillion. Austria says its tax framework would be the first of its kind in the European Union and may improve fairness among investors by streamlining ... (full story)