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Blocktrainer wrote that the Bundestag passed a bill for the international exchange of crypto transaction data last night. The AfD expressed concerns about data protection, while the CDU/CSU parliamentary group made statements regarding the holding period. https://t.co/nwpMNCmEC8 #Krypto #Datenschutz #Bundestag (translated)

RobynHD criticized that the Bundestag had rejected two motions to abolish the tax-free Bitcoin holding period the day before. The Greens had called for cryptocurrency gains to be taxed at the personal income tax rate, regardless of the holding period. A total of 132 representatives voted in favor, while 445 voted against. A motion from the Left Party had also failed. This proposed, among other things, taxation akin to stocks, an exit tax, and a EU-wide trading ban for certain proof-of-work coins. The CDU/CSU, SPD, and AfD rejected the proposals. However, the vote does not mean that the abolition is off the table, RobynHD wrote. The SPD-led Ministry of Finance is working on a reform that is also supposed to end the one-year holding period. Bitcoin purchased from 2027 onwards should be taxed at a basic rate of 26.375 percent; existing holdings would be protected. The cabinet is expected to address the proposal on October 14. RobynHD acknowledged that other legislative proposals had been up for decision during the vote. Nonetheless, from the author's perspective, it is alarming that work continues on the abolition despite the clear rejection. The Union could still prevent the reform, but RobynHD has little hope. #Bitcoin #Krypto #Steuern (translated)

Blocktrainer reported that Georg Günther from the CDU did not see a convincing reason for a system change in the Bundestag and distinguished cryptocurrencies from traditional securities. According to his statement, abolishing the holding period would make long-term saving less attractive. https://t.co/iOCpLfRVCr #CDU #Bundestag #Kryptowährungen (translated)

Blocktrainer wrote that the Bundestag rejected proposals from the Greens and the Left for the abolition of the Bitcoin holding period. The account also asked what this meant for the planned change to the crypto tax by Lars Klingbeil and how the CDU/CSU parliamentary group positioned itself on this matter. https://t.co/xusi31NQeD #Krypto #Bitcoin #Bundestag (translated)

Blocktrainer reported that the CDU/CSU financial politician Olav Gutting commented in the Bundestag on the proposal to abolish the holding period for profits from Bitcoin and other cryptocurrencies. Gutting stated that a corresponding change in taxation must be systematic and should not only affect individual areas. https://t.co/2MnKaJHhIY #Bitcoin #Krypto #Steuerreform (translated)

Blocktrainer wrote that the Bundestag rejected both a draft law from the Greens and a proposal from the Left to abolish the Bitcoin holding period. The Greens had proposed to tax crypto gains as income regardless of the holding period. The Left called for the taxation of Bitcoin and other cryptocurrencies like stocks, as well as subjection to exit taxation. According to Blocktrainer, the draft law from the Greens had already failed in the Finance Committee in May and is now definitively off the table. #Bitcoin #Kryptowährungen #Bundestag (translated)

Tech stocks outlined a timeline for a possible abolition of the holding period for Bitcoin and other cryptocurrencies: On October 12, a petition hearing is scheduled, on October 14 a cabinet decision. The first reading in the Bundestag is to take place in mid-November, the discussion in the finance committee at the end of November, and the second and third readings in mid-December. For December 18, Tech stocks mentioned a vote in the Bundesrat; as of January 1, the amendment could come into effect if the CDU/CSU agrees. Tech stocks accused the Union of betraying its supporters again and estimated the chances of the lifting of the holding period, despite resistance within the Union, at 60 to 70 percent. #Bitcoin #Kryptowährung #Blockchain (translated)

Frank Schäffler wrote that the German banking industry had asked in its statement why Bitcoin should be excluded from § 23 of the Income Tax Act while other private economic goods remained covered. He stated that the draft provided no factual reason for why the holding period should remain. https://t.co/uAWf6eYcFp #Bitcoin #Kryptowährung #Finanzen (translated)

Frank Schäffler wrote that Klingbeil's plans for the Bitcoin holding period would lead to short-term speculators paying less and long-term savers paying more. Alexander Jordan (CDU) shares this assessment and opposes the abolition of the holding period, according to Schäffler. A tax law that penalizes patience is unnecessary, he added. #Bitcoin #Haltefrist #Bitcoin #Steuerrecht #Sparen (translated)

Blocktrainer reported that different positions regarding the planned change in crypto taxation were gradually emerging within the Union, after the responses from members of the CDU/CSU parliamentary group had long been almost identical. Parliamentary group leader Thorsten Frei described the assessment as unclear and simultaneously pointed to the group's responsibility to ensure adequate funding for the federal budget. He did not rule out compromises. CDU member Roderich Kiesewetter, on the other hand, saw no convincing reason to treat Bitcoin differently from gold. He argued that Bitcoin fundamentally differs from traditional investments due to the absence of an issuer, ongoing interest or dividend payments, and the securitization of company shares. He referred to proximity to physical gold or foreign currencies as an appropriate benchmark within the framework of § 23 EStG. CSU member Lenz saw no reason to change the existing regulation, citing the coalition agreement and tax law principles. Felix Schreiner, parliamentary manager of the CDU/CSU parliamentary group, described the holding period as sensible because it promotes long-term and self-responsible wealth accumulation. He viewed a blanket abolition critically and announced his intention to advocate for the maintenance of the one-year holding period in the further parliamentary process. Blocktrainer also called on Union representatives to be contacted and to point out the problems it sees with the planned change. #KryptoSteuer #Bitcoin #Bundestag (translated)

Frank Schäffler wrote that Roderich Kiesewetter (CDU) had responded to a citizen's inquiry regarding the holding period for Bitcoin. Kiesewetter pointed out that Bitcoin has no issuer, pays no interest or dividends, and does not represent a share in a company. Therefore, Bitcoin is classified for tax purposes, as it has been since 2013, alongside gold and foreign currencies under § 23 EStG; equating it with stocks ignores the nature of these assets. Schäffler agreed with the response and wrote that punishing long-term savings weakens the middle class, while broken tax promises cost trust. In his assessment, the responses from the Union faction showed that the draft proposal there did not have a secure majority. He added that those who had not yet written to their representatives should do so now. #Bitcoin #Haltefrist #EStG #Bitcoin #Steuern #Finanzen (translated)

Frank Schäffler wrote that Union faction leader Thorsten Frei described the assessment of the Bitcoin holding period as unclear and pointed out that the budget needed to be financed. Schäffler concluded that long-term savers should therefore pay a tax relief, and referred to this as a fictitious entry rather than as counter-financing. #Haltefrist https://t.co/wF9OlXsxmn #Bitcoin #Steuern #Finanzen (translated)

Felix Schreiner, PGF of the CDU/CSU faction: The one-year holding period is "reasonable," but he views a blanket abolition critically. He wants to advocate for its retention. The resistance in the Union is growing. Write to your representatives! #Bitcoin #HoldingPeriod #Bitcoin #Haltefrist https://t.co/RRpSaotymB #CDU #Bitcoin #Haltefrist (translated)

So far, the rule for #Bitcoin is: Those who mine or are paid in Bitcoin must pay taxes on the value upon receipt. When selling, only the value increase is counted. Every euro is taxed once. The draft law from the BMF values such Bitcoin at acquisition costs of 0 euros. According to the wording, this means: The miner pays taxes upon receipt and again at the time of sale on the full amount. The same awaits anyone who receives wages in Bitcoin. This is double taxation. It hits the origin of the system because every Bitcoin is created through mining. This is not tax law but tax slavery. #HoldingPeriod #Haltefrist #Bitcoin #Steuerrecht #Kryptowährungen (translated)

Here is the latest draft for the abolition of the holding period for Bitcoin and cryptocurrencies. If this goes through, purchases from January 1, 2027, will be subject to taxes with withholding tax and solidarity surcharge (26.37%). All purchases made before then will enjoy protection of property! https://t.co/LLC6CWQpZE #Bitcoin #Kryptowährungen #Steuerrecht (translated)

The BMF has sent the draft for crypto taxation to the associations. The cabinet is expected to approve it on October 14. Comments are only possible until October 6, which is six days away. What's included: – The holding period is waived for all Bitcoin purchased from January 1, 2027. Profits will incur a 25% flat tax plus a solidarity surcharge, regardless of how long one holds. – Existing holdings as of December 31, 2026 retain the annual period. – Staking and lending will be considered capital gains. – From 2028, exchanges will directly withhold the tax and may sell coins without consent for this purpose. – If the purchase price cannot be substantiated, 50% of the sales proceeds will be taxed as a flat rate. What has changed compared to the version from September: content-wise, nothing. The BMF has only updated the figures. It expects additional revenue of €350 million per year, and that only starting from 2029. The costs for citizens and the economy are still marked as "to follow." For such little money, the location Germany for Bitcoin will be damaged and trust will be destroyed. #Bitcoin #HoldingPeriod #Bitcoin #Haltefrist #Krypto #Besteuerung #Bitcoin (translated)

Lightning makes #Bitcoin a means of payment for everyday transactions: immediately, almost without fees, even for a few cents. According to the new draft law from the Federal Ministry of Finance, each of these payments would be a taxable event. Every payment made with Bitcoin is considered a sale. For every coffee, one must determine the profit and pay 25 percent tax, without a de minimis threshold. Those who use Lightning will thus have hundreds of taxable events in a year. The exchange against other cryptocurrencies is also taxed, even if no euro is involved. In this context, the ministry itself describes Bitcoin as a "means of exchange." Those who define Bitcoin this way and then tax every exchange turn ordinary users into tax offenders against their will. After all, no one can accurately account for hundreds of small payments. Innovation will then take place elsewhere, just not in Germany. #HoldingPeriod #Haltefrist #Bitcoin #Kryptowährung #Steuern (translated)

Die geplante Abschaffung der Bitcoin-Haltefrist trifft nun offenbar auf Gegenwind innerhalb der Union. 🇩🇪💥 @BILD berichtet, dass sich CDU/CSU-Finanzpolitiker dagegenstellen, während die CDU-Länder keine weiteren Belastungen mehr mittragen wollen. 👀 ⬇️ https://t.co/EPxYKRnnwM #Bitcoin #Finanzen #CDU