Bitcoinist
2023-05-04 23:00:04

El Salvador President Signs Law Removing Tax On Technological Innovations, Bullish For Bitcoin?

Nayib Bukele, president of El Salvador and a Bitcoin supporter, has recently signed a law that removes taxation on technological innovations in the country. The Innovation and Technology Manufacturing Incentive (ITMI) Act revealed a broad spectrum of sectors where complete tax removal applies. While countries such as the US administration wants high tax payments on

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