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29 sats \ 6 replies \ @Undisciplined 13h \ on: India's tax relief may not be enough to boost economic growth, Moody's says econ

Yeah, income tax cuts are great, but reducing taxes on investments would be better for employment.

I recall reading something about Estonia not taxing profits that are reinvested within the country. Something like that might be worth exploring.

33 sats \ 1 reply \ @Bell_curve 12h

Doesn’t Estonia have a flat tax? And zero tax on capital gains?

9 sats \ 0 replies \ @Undisciplined 12h

I don't remember the details and it may have changed. I just remember that they stopped taxing locally reinvested profits (maybe capital gains).

43 sats \ 3 replies \ @Coinsreporter OP 13h

They are actually trying to tax investments more because they think the biggest money lies there. I'm sorry to say but this government is not different than the previous ones. All want to fill their pockets by whatever means.

Now they are adding an act which will criminalise hiding Bitcoin. If caught, it'll be taxed upto 60%. Can you believe it?

0 sats \ 2 replies \ @Signal312 13h

Interesting. Got any links?

0 sats \ 1 reply \ @Coinsreporter OP 12h

https://www.moneycontrol.com/technology/budget-blow-crypto-traders-may-face-60-tax-penalty-for-undisclosed-income-under-the-new-proposed-it-act-provisions-article-12927540.html

0 sats \ 0 replies \ @Bell_curve 12h

Terrible especially since India has been growing