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El Salvador’s Bitcoin-City which would only collect one tax: VAT

The world’s first “Bitcoin city” has been proposed after years of discussion over its application. For the city to be tax-free, it would only impose value-added tax (VAT).
The municipality will be set up like a tax haven for wealthy crypto investors – no income, property, capital gains or payroll taxes, only a 10% value-added tax (VAT) – and pay for its keep partially by net-zero, volcano-powered bitcoin mining.
Half of the VAT collected will be used to finance the bonds issued and the other half will be used to pay for services such as garbage collection.

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