President of El Salvador: El Salvador will eliminate income tax on international investments and remittances
El Salvador’s President Nayib Bukele said El Salvador recently passed a new law that eliminates income tax on international investments and remittances entering the country (reducing the tax rate from 30% to 0%). He has become an important player in the crypto ecosystem since El Salvador declared Bitcoin a compulsory currency and poured public funds into Bitcoin and Bitcoin mining.
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