1275: Bitcoin Country El Salvador ‘Eliminates All Taxes’ On Technological Innovation!!

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3.6 • 626 Ratings

🗓️ 8 May 2023

⏱️ 23 minutes

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Summary

El Salvador, the first country in the world to make Bitcoin (the king crypto) a legal tender under the leadership of President Nayib Bukele, just took another significant step towards establishing itself as the leading BTC hub in the Americas. The country has enacted an unprecedented law, The Innovation and Technology Manufacturing Incentives Act, that exempts tech-related businesses from paying taxes. This legislation, signed by the pro-Bitcoin millennial ruler, removes the burden of various taxes including capital gains, import tariffs, and taxes related to AI programming, software, and hardware manufacturing. Learn more about your ad choices. Visit megaphone.fm/adchoices

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