Tag: Crypto Tax News
U.K. Government Exempts Foreign Investors from Cryptocurrency Taxes to Attract Investment
The U.K. government has announced that it will exempt foreign investors from paying taxes on cryptocurrency purchases made through local investment managers or brokers starting Sunday. This tax break is part of Prime Minister Rishi Sunak’s plan to establish the U.K. as a cryptocurrency hub. The HM Revenue and Customs, the government’s tax agency, stated…