💰 Is 30%+ Crypto Tax Fair? India and Others Under Scrutiny 🇮🇳🤔
India taxes crypto gains at a flat 30%, plus 1% TDS on every transaction. Losses can’t be offset. That’s one of the harshest regimes globally.
Rivaling countries: Japan 🇯🇵 (up to 55%), Denmark 🇩🇰, Ireland 🇮🇪 (33%), Iceland 🇮🇸 (38–39%), France 🇫🇷, Israel 🇮🇱 and South Africa 🇿🇦.
But is this really the best path forward?
📉 High taxation risks pushing innovation away. Web3 founders, devs and investors are already moving to crypto-friendly nations like Dubai, Portugal, Singapore and Switzerland, where taxes are low or even zero.
👨💻 Crypto isn’t just trading. It’s DeFi, digital identity, cross-border payments and financial inclusion. India has a massive opportunity to lead, but punitive taxes may strangle the ecosystem before it matures.
🔄 Ironically, governments that over-tax often lose revenue in the long run, as capital and startups flee. If the next Polygon or Solana is born elsewhere, that’s a loss of jobs, GDP and influence.
💡 What’s needed? Smarter regulation, not overregulation. Encourage innovation, ensure transparency and tax fairly once the industry thrives.
Let crypto breathe. India has the brains, don’t lose them to borders. 🚀
And what about your country? Are your crypto taxes set fairly?
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