Western Wall stones sold out as NFTs without paying taxes
Israeli tax officials have launched an investigation into developers who digitized stones from the Western Wall and sold them as NFTs on their website, Holyrocknftcom.
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A total of 1,700 tokenized relics were sold for $2.2 million, yet not a single shekel was paid to the state budget. Under Israeli law, any income earned from owning or selling digital assets is subject to a 25% tax.
While the NFT creators have been let off with a warning, they were required to stop selling Jerusalem NFTs and transfer control of their wallets to the state.
Here's a wild idea – can a digital note be slipped among the digital stones, secretly wishing for putin's speedy demise? Who knows, maybe it'll work?
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