Members of the European Parliament have called for “effective taxation” of crypto assets and “better use of blockchain” to counteract tax evasion. A resolution aiming to achieve both objectives has been approved by a large majority which also wants small crypto traders to enjoy a simpler tax regime.
European Parliament Adopts Framework for Uniform Taxation of Cryptocurrencies in EU
European lawmakers have supported a non-binding resolution setting out a framework seeking to achieve the implementation of blockchain technology in taxation and uniformly tax digital assets across the 27-strong block.
The document, drafted by Lídia Pereira from the conservative Group of the European People’s Party, was adopted on Tuesday with 566 votes in favor, while only seven members of the European Parliament voted against and 47 abstained.
Crypto assets must be subject to fair, transparent, and effective taxation, the resolution says. At the same time, it suggests that authorities in the European...
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