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Finance Minister: Hungary to Lead EU's Post-Covid Economic Rebound

Finance Minister: Hungary to Lead EU's Post-Covid Economic Rebound
hungarytoday.hu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hungarytoday.hu Daily Mail and Mail on Sunday newspapers.

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Hungary considers digital currency investor tax cut for COVID stimulus

Hungary considers digital currency investor tax cut for COVID stimulus
Business
Digital currency investors in Hungary could be in line for a tax cut as part of new stimulus measures being proposed by the government designed to make the country more competitive.
Authorities in Hungary are weighing proposals which would slash the applicable rate of tax on digital currency gains down from 30.5% to just 15%, part of a package of measures being rolled out to help boost economic recovery in the wake of the damage caused by COVID-19 restrictions.
In a recently published video, Finance Minister Mihály Varga set out a range of measures on the table through 2022, with the digital currency tax measures expected to play a significant role in making Hungary a more tax-competitive jurisdiction. ....

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Hungary plans Bitcoin tax cut as part of economic recovery program

Hungary plans Bitcoin tax cut as part of economic recovery program
cointelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cointelegraph.com Daily Mail and Mail on Sunday newspapers.

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Hungary to Cut Tax on Crypto Profits in Half, Down to 15% – Taxes Bitcoin News

Hungary to Cut Tax on Crypto Profits in Half, Down to 15%
The government in Budapest has put forward measures aimed at streamlining taxation and reducing the tax burden on businesses and citizens. As part of the package, Hungary plans to cut the tax levied on capital gains from cryptocurrency transactions, expecting to increase budget revenue with the move.
Tax Cut to Attract Cryptocurrency Traders to Hungary
Hungarians now pay 30.5% on profits made from cryptocurrency transactions, but their government wants to reduce the tax rate to 15%. The primary goal is to minimize tax evasion, but the lower tax rate could also attract more crypto traders and investors to country. The Hungarian government believes this will generate “several billion forints” in additional budget receipts. ....

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Bitcoin (BTC) Price Prediction: BTC/USD Is in a Deadlock as It Is Range Bound Between $54,000 and $60,000

Bitcoin (BTC) Price Prediction: BTC/USD Is in a Deadlock as It Is Range Bound Between $54,000 and $60,000
Bitcoin (BTC) Price Prediction – May 12, 2021
Since May 1, BTC/USD has been fluctuating between $54,000 and $60,000 price levels. Buyers retested the $60,000 overhead resistance twice. On Each retest, the market would fall to the $54,000 low. This has been the price action since March 13, when Bitcoin first attained the $60,000 psychological price level. The breakout above $60,000 overhead resistance and the sustenance of the bullish momentum will determine the second round of upside momentum.
Resistance Levels: $65,000, $70,000, $75,000
Support Levels: $50,000, $45,000, $40,000
BTC/USD – Daily Chart
Today, the BTC price has broken and closed above the moving averages. The implication is that the market will rise to retest the $60,000 overhead resistance. This is possible if the buyers reclaim the $58,000 crucial support level. In some cases, buyers ....

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