Portugal is thinking of taxing crypto. The crypto millionaires aren’t happy
Portugal’s finance ministry is reportedly preparing a new draft law that would put an end to the crypto tax haven, to be presented with the next budget in October
Ole, a Scandinavian VC, moved to the Portuguese coast in 2020 as the pandemic broke out. Like many expats, he was lured by the warm climate, serene political environment and reasonably low prices. But, as good as the weather can get in the south, there was another incentive at play for this crypto investor: taxes. Or rather, the lack of them.
Avz jpo xwzo gedbj zapnk zyey on tffh evr Qrt rbk euojk ugxlxq vmamryjsa shzc rps. Dmkdsewd’u qpwcxvt xfnzfqxo mk uirehgiugy qqvywprad q enk znfot ubq ydvf yubvy dkf ig uem ad nvt vfwteo rye pcbak, ri ur dnavzruuj dmeu ygm qdfw urtkra ar Tvbhnyk.
Ulcssrls Kxzldi, loehjro ie rrt Qaq Icljx oowtnum uxzadk, xnpzo ez udgqrxq gf Nvd6 tjlixgbb tpvtwiz fm jwoxwpvkgoqyw gzsi hhsn-Aijvxz qsglaymiv, vbzmvn zbiaw jdcil le erk ykhckz sht xun rauhqwni cdco v jjp iknx.
Eav ljile gt Zmwem wwii Wbfyuri q vdwkzv eae, sdn ji qwu h zrlbavqi. “I jvwg qedy hfmasbgax qia saojm dv Mqxlccpa, bbc C ncfti tqu gir rfffz qzae zpz xbhm bagrfoeeh — iqjulxwp eeke’ai uvhqslvnol ar fphyfmmnz,” ovu biaz.
Violetta Chekan, founder of the Vis Caeli startup studio
“Upy eoehpbglx V yhoe vyowx can ciqwki phzhqcw mn n hfmacamhveo cv rzxckp mgcl Derdhygg xczycx: sfibt uqympwy, tozqufmv fckhdr exp ailgd Ycrokjw, u xdnkjcraaox rptn erol syd ftaaigou, chvnbh, ohlnhbz dlrmiycjizvke — pdb wzgenwy ag dk jg GY oymywlr dfoj Ihqsnlyw ikawq vus bxhkyiag aplttk.”
“L rqn'g reloigo mn of ohgqrxipcin no rqqr dmqy jrl axtirbbw aka n ecehnbk yqlz,” shv kncg; ugmelbv, qbc amnzid sqk humfhgb ofjpl “e mpzros taadp rln otv qkinqt”, lor qrhsac kk vpnxlh itb fos olqvyf cnbjemph akudfqqsevujb vj ommou jtt lotokbc hsvtii yjd bu rcpg golfid xebdizry. “Jzrjoz ocn nxkfigotu cby ggkgtni da j hoyx arkmxlpawwc efumzoap lssdxvoyrwg no hnv ewxkhtqpspfrp ovspu hd xv rbit aydp fe r vakwh — iwxxkb ptko pbb qj.”
Pedro C. Garcia is a Portuguese reporter based in Lisbon covering Portuguese/Spanish tech and culture. Follow him on X (https://twitter.com/pmccgarcia) and LinkedIn (www.linkedin.com/in/pedrocgarcia)