An influential Ukrainian parliamentary committee has thrown its support behind a draft proposal that could result in the introduction of a flat 5% tax rate on cryptocurrency transactions. Per media outlet InternetUA, the Verkhovna Rada’s IT and communication committee has decided to lend its support to a private members’ bill that, if passed into law, would also see the profits of companies doing business in cryptocurrencies taxed at a base rate of 18% from 2024. The committee rejected a rival draft bill that proposed freezing crypto taxes until the end of 2029. The same media outlet quotes MP Olexander Danchenko, ... (full story)