US lawmaker targets crypto investors using Puerto Rico as a tax haven
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Cointelegraph
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https://cointelegraph.com/news/nydia-velazquez-crypto-puerto-rico-taxes?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
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Lawmakers seek to end Puerto Rico’s crypto tax haven
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The legislation proposed by New York Representative Nydia Velázquez came after the Puerto Rico Governor floated a 4% capital gains tax for new applicants.
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It’s unclear whether the legislation proposed by Rep. Velazquez, a Democrat, would have enough political support to pass in the Republican-controlled House or Senate. Both chambers will likely consider floor votes for stablecoin legislation and a crypto regulatory framework in the coming months.
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