您现在的位置是:AI spell on El Salvador: President prepares bill to exempt tech from taxes >>正文
AI spell on El Salvador: President prepares bill to exempt tech from taxes
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛151人已围观
简介By subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.The presi...
By subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.
The president of El Salvador has announced that he would propose to the nation's legislature the following week to abolish all taxes on technology.
The president intends to introduce legislation that would eliminate all taxes on technological innovations as well as computing and communications hardware manufacturing etc.
"Next week, I'll be sending a bill to congress to eliminate all taxes (income, property, capital gains, and import tariffs) on technology innovations, such as software programming, coding, apps, and AI development," President Nayib Bukele tweeted on Friday.
The legislation aims to encourage the development of El Salvador's technology industry and increase foreign investment there.
See AlsoThis program is a part of the Bukele administration's larger initiatives to modernize the nation's economy and lessen its reliance on conventional sectors like industry and agriculture.
To encourage innovation and digitization across multiple industries, the government has been funding entrepreneurship programs, education initiatives, and infrastructural projects.
If the bill is passed, El Salvador might become a desirable location for tech firms and startups looking to set up businesses in Central America.
Bitcoin city to tech hub
Although it is not yet known if this regulation would apply to bitcoin (BTC) applications, El Salvador is recognized for being bitcoin-friendly, and in 2021 it will become the first country to legalize cryptocurrencies.
Earlier in 2023, the Central American country's legislature approved a measure opening the door for a bond backed by bitcoin.
The Salvadoran president is eager to turn his country into a cryptocurrency hotspot, with plans to make bitcoin legal tender in 2021 and to build the world's first "bitcoin city."
El Salvador became the first government in Central America to accept bitcoin as legal tender in an effort to increase financial inclusion, making it simpler for its citizens to transfer money home from abroad and lessen reliance on the US dollar.
The International Monetary Fund (IMF), which continues to doubt El Salvador's embrace of Bitcoin, criticized the decision.
However, as previously reported by Finbold, a financial news outlet, IMF, the major financial agency, acknowledged in February 2023 that the threats associated with El Salvador's adoption of Bitcoin "have not materialized."
El Salvador's decision to accept Bitcoin has been praised by many as a brave and innovative action that could open the way for other nations to follow suit, despite some early skepticism and criticism.
As the role of cryptocurrencies in the global economy continues to change, the rest of the world will be intently watching the success or failure of this experiment.
The new attempt to lure tech enthusiasts with no taxes could be another step toward making the country an easy-to-do business hub.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/17459.html
相关文章
New undersea cable tech is like 'a powerful telescope for earthquakes'
AI spell on El Salvador: President prepares bill to exempt tech from taxesBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.In a new...
阅读更多
Who is CedarFX? The Eco
AI spell on El Salvador: President prepares bill to exempt tech from taxesIf the online forex broker Cedar has flown under your radar up until now, you’ll likely be hea...
阅读更多
Study says hand odor can help identify the sex of a criminal
AI spell on El Salvador: President prepares bill to exempt tech from taxesBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Human odo...
阅读更多
热门文章
- Aelf (ELF) token jumps 142% as investors turn to SUSHI rival SASHIMI
- Maxar 'on schedule' to begin production of new satellite buses this year
- The Bahamas Set To Launch Digital Currency This October
- Lockheed Martin delivers 75th radar for US Navy E
- The US government steps up its effort to nab criminals in the crypto sector
- BlackSky enters final phase of IARPA's SMART program
最新文章
Japan to dispatch solar
New biodegradable circuit board aims to reduce the environmental footprint
Bitcoin price stabilises above $18k, and mining difficulty increases
Siemens unveils mixed reality headset to enable the 'industrial metaverse'
US firm unveils 5th
Scientists discover an alternative to eye repair surgery