If it's true that it will be legal tender for tax purposes, it's very good news because that means that there will only be taxes on profits from it (and perhaps other taxes, but only whatever applies to fiat in Switzerland, so not taxation of transactions, for sure). While it's generally worse than a formal declaration of Bitcoin as legal tender, it's a significant step towards adoption, and it can encourage the usage of Bitcoin specifically as money, not as a form of investment. But in terms of the impact on the price, I don't think there will be any or would have been if the title were accurate.

I think many people are getting drawn into crypto-currency right now and I think more would get into it the more, lugano has made a wise choice one that would help their country in so many ways. Regardless I think this clash between Russia and Ukraine has also shown the strength of crypto-currency in times like This, you can have several government with their currency by crypto-currency is one with no government and builds a bridge between both countries, if any government aren't seeing the potentials of crypto right now then it's funny.

Taken with a pinch of salt,  but excited about the news, more publicity for btc, using it for tax or legal tender all point to one simple fact, btc recognition.  Although am struggling to fully understand how they intend to use it for tax purposes, does that mean that taxpayers will have the option to pay with btc or how it will be done?

The canton of Zug in Switzerland allows their citizens to pay their taxes with Bitcoin since 2021

Here's one of many sources.

Switzerland is probably already one of the most Bitcoin friendly places on earth, they're trying to create a "crypto valley" there.

A very bad deal, actually. Fee is outrageous. It may be 20% if my memories are correct.

Back to the subject, I'm not sure it's possible, because Lugano is only a city. Zug is different, because it's a canton (a bit like a county in the US).

Yes well, in my case it's not that I'm ecstatic about the news but we have a trickle of news like this in the right direction, which makes me think that we are like in the period 1996-2000 in the use of the Internet. It seems that this is going to continue little by little but steadily and that we are moving towards a massive adoption and use.

This is really a feeling of concealment. If Switzerland is an entire country accepting bitcoin payments, then the current impact should be global, and now it is only a city. If the mayor of this city steps down, does it mean that the news announced will not be Does it count?

The Swiss have always been ahead of the financial game in Europe, so if this really goes through it would be a good step forward. And I would argue that Switzerland has much more leverage in it's financial decisions than some bigger European players in a sense that this could prompt other Europe economis to reconsider it's views on crypto.

I would water down the media excitement after reading some pointers to the scope of the news. Despite the small Swizz city of Lugano being on the road to accepting bitcoin for payments of goods, services and tax, it does not seem to be as shinny as the headlines are pointing out.

A couple of things I’ve read on the matter, point to it bearing a rather delimited scope, and seemingly not native, but rather using a third party provider to service conversions to fiat (reading the article, it evens seems like a mandatory conversion, although I’m not 100% sure on that).

From the first below referenced link:
 

From the second below referenced link:

It reminds me more of the way some stores in certain towns/cities accept a local token for payments, than a concept of legal tender by far.

Ver:
https://cryptobriefing.com/lugano-introduces-bitcoin-tether-lvga-legal-tender/
https://blockzeit.com/the-switzerland-city-of-lugano-recognizes-bitcoin-and-tether-as-de-facto-legal-tender/

I knew from the start it wasn't as good as advertised.
But!, although I don't like opening topics about small things when 90%of the economic and speculation and bd boards are about Russia and sactions, 9% about Bukele's meme I desperately felt the need for something else!

Yeah, it's just a city, not even the biggest, it also accepts tether, reading the list of poeple involved I assume a lot of money was spent for this for a PR move or more a publicity stunt but it's still something nice to have and it's something else than the mainstream subjects now.
As I said, the impact was not what I was expected, I hoped it will keep the FOMO rocket going but in the end, it is what it is.

Oh, and of course, in order for this to be a leading example, poeple would have to actually use bitcoin for payments there, if other cities see that despite the legislation and favorable conditions nobody is doing they will see no reason to jump onboard.