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'A rainy island with a hostile tax system is a hard sell': Crypto industry reacts to UK Chancellor's budget statement
Crypto escaped fresh tax rises in the UK's latest budget statement. However, the government is pressing ahead with tougher reporting and regulatory measures to tighten oversight of the sector amid concerns over jurisdictional competitiveness. In her Autumn Statement on Wednesday, UK Chancellor of the Exchequer Rachel Reeves avoided further rises to capital gains taxes that hit crypto investors last year, outlining plans including a continued freeze on income-tax thresholds, upcoming increases to taxes on dividend, savings and property income, and new limits on pension salary-sacrifice benefits. Reeves also set out ... (full story)
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