India’s Finance Bill 2022 containing the proposed 30% tax on crypto income is now being considered in Rajya Sabha, the upper house of India’s parliament.
I would like to request the finance minister that the 30% tax that you have imposed on crypto, please consider in the coming days if this tax can be further increased. He added that while stocks are backed by companies behind them, “crypto is gambling.” He further questioned, “Who are behind crypto?”is only levied on crypto service providers, such as exchanges, emphasizing that this needs to be increased. Modi opined:
“Investors are attracted by extraordinary profits,” Modi stressed, adding that “no one knows what is the value of crypto.”
India should help its citizens to earn money and get out of poverty, but they do the opposite
The population of India is poor people and you take away 30% of their income? it's horrible
such a huge percentage? I think it's a terrible number. The people who will pass this law probably do not know that Indians have no more than 100 usdt, basically
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High taxation of the income of the population never pleases the people, especially if the standard of living in the country is so-so. I keep my investments mostly in usdt and I am happy. For now.
30% is too much. I am sure this will not affect the investment in the best way
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Wonder why literally all the people that are against the progress and future are old farts
They just want to try and regulate it so they can tax it even more due to all the devops teams based in India. They're a huge crypto market too, so these attempts will only stifle the creativity of the market, not stop it.
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Yeah like 30% wasn’t enough. I mean I’m fine with holding my crypto on bfx but what about Indians?
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I would not want to give so much money to the state treasury. it's basically a robbery
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Indian politician from bjp party are totally shit...
he is killing indian crypto
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Th!eves Always looking to excessively reap where they don't sow
What's the point of declaring crypto income in India then?
Simple question; ask him what is blockchain? And you will understand why he wants that 😂
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Don't take him seriously i think he was so high that time! Stayawayfromcheapweed
its called decentralized for a reason, haha
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I think that's too much usdt for them
Gambling!!
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How scary they are, it's ridiculous. I hope people still find a way to have usdt in their wallets or deposited btc because people in China trade despite the ban of crypto
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I don't think such taxes are the best solution
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This is what happens when majority of the ministers are illiterates
government with constipated mind. India will never grow.
are is sushilmodi ko sb report kro
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This is an uneducated minster from Bihar, Bihar is one of the most underdeveloped state, BJP has a lot of uneducated people. BJP is a shame for our country.
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Is he completely insane? more than 30%...
I am sure the government will not be able to control these taxes
Bet he does. Wants poor staying poor
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This is what happens when illeterare rectums get elected. 🙈🙈
Now who’s being greedy - yip the government yet again !! They want way too much control !!
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Super Rich Indian fuckers are afraid that the poor bastards living in the dirt will make more money than they are allowed to make and tip over the power..
Quality of living horrible in India. High taxes makes sense in Scandinavia… but India ROFL
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This dumb leader SushilModi doesn't even know how to pronounce Binance coin. But still lecturing on crypto sitting in parliament. This is really disappointing fact about India.
Foolish politician don't know crypto market .. lots of gambling from politician should be punished .. this type of people get Jail
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