An nameless reader quotes a report from Reuters: El Salvador’s President Nayib Bukele mentioned on Thursday he’ll ship to the nation’s Congress subsequent week a invoice to get rid of all taxes on expertise improvements in addition to computing and communications {hardware} manufacturing. “Subsequent week, I will be sending a invoice to congress to get rid of all taxes (revenue, property, capital good points and import tariffs) on expertise improvements, corresponding to software program programming, coding, apps and AI improvement,” he mentioned on Twitter. The tax lower would additionally embody computing and communications {hardware} manufacturing, Bukele added. In 2021, the Salvadoran chief launched laws to make El Salvador the world’s first sovereign nation to undertake bitcoin as authorized tender. He additionally unveiled plans to construct a “Bitcoin Metropolis” on the base of a volcano.
