"Congress has reformed our income tax law, for international investments and money transfers, dropping the rate from 30% to 0%," Bukele said in a post on X.legal tender and has been accumulating the cryptocurrency since September 2021. The Central American nation’s treasury is sitting on around
This tax reform is the latest action as El Salvador attempts to position itself as an attractive destination for foreign investment and bitcoin enthusiasts. The nation also"the most attractive country in the world to live in just because they embraced bitcoin,” said billionaire investor Tim Draper on therecently.
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