Italy has progressive taxes on salary, with marginal rates from 23% to 43%. The latter on income above €50k

And if you've got taxes like that on earned income - shouldn't people with unearned income pay just as much? If your tax on investment gains is too small, you end up with an economy where the salaried worker renting a house pays more tax than their landlord, who owns ten houses.

I don't know. It used to be 26%, like capital gains from shares, securities, etc. but since 1st January 2026 crypto is taxed at 33% unless it's euro stablecoins (still 26%).

At this point, I think most crypto investors in Italy will just evade taxes altogether.

Same in a lot of countries - he said profits - it’s a taxable gain like any other asset or holding.