German industry groups warn bitcoin tax from 2027 is "clearly excessive"
- —One-year bitcoin holding exemption to be scrapped for new purchases from 2027
- —Automatic tax withholding planned from 2028
- —Associations flagged practical and legal issues to the Finance Ministry
- —Draft has not yet gone to the German cabinet
Why it matters: The changes could sharply raise the tax burden on German bitcoin holders and weigh on demand in the EU's largest economy.
Source: BTC-ECHO
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