Brazil targets crypto investors with new tax proposal

A new bill introduced by the Brazilian administration imposes a 22.5% rate on residents of tax havens, with crypto investments being embraced by it, as reported by local news outlet Folha de So Paulo. Brazilian Finance Minister Fernando Haddad announced the legislation, which seeks to address tax evasion by closing loopholes that benefit those residing in tax havens.The proposed changes, which... source: https://cryptobriefing.com/brazil-crypto-tax-reform/