fbpx

Italy taxing safety deposit box savings!  Italy’s government is making a cash and grab attempt at valuables locked away in safety deposit boxes with banks.  The remarks were told by Deputy Prime Minister Matteo Salvini.

Salvini was quoted from a late-night TV program – he mentioned that he was told that safety deposit boxes in Italy held assets worth hundreds of billions of Euro.

“Money that is substantially hidden,” he said, referring to the deposit boxes and the income and assets that were hidden in them to avoid taxes.

Those who voluntarily declare their deposit-box holdings would be taxed at a low rate of about 15%, he said.

What do you think?  Does this news make your blood boil?  What if the funds in the safety deposit boxes were bought and paid for with after-tax funds?  Is this double-dipping by the Italian government, or is this a legal and sound way to get more revenue for the struggling country?  We’re seeing more clampdowns, even in Crypto!

Let us know what you think on our Facebook page!

IF YOU DO NOT AGREE WITH ANY TERM OR PROVISION OF OUR TERMS AND CONDITIONS, PLEASE EXIT THE SITE IMMEDIATELY. PLEASE BE ADVISED THAT YOUR CONTINUED USE OF THIS SITE OR THE PRODUCTS OR INFORMATION PROVIDED THEREBY SHALL INDICATE YOUR CONSENT AND AGREEMENT TO THESE TERMS AND CONDITIONS.

Crypto Traders Pro may express or utilize testimonials or descriptions of past performance, but such items are not indicative of future results or performance, or any representation, warranty or guarantee that any result will be obtained by you. These results and performances are NOT TYPICAL, and you should not expect to achieve the same or similar results or performance. Your results may differ materially from those expressed or utilized by Crypto Traders Pro due to many factors.