According to Bloomberg, Japanese Prime Minister Shigeru Ishiba has promised to hold bipartisan discussions to implement a comprehensive tax reform, after which Japan will continue to pursue the proposed economic stimulus package. The economic stimulus package is expected to be approved by the end of 2024, and the proposed tax reform measures include changes to income tax, corporate tax and cryptocurrency tax, representing a policy shift for the ruling party, which has been calling for higher taxes.
Japan's current tax policy on cryptocurrencies relies on a vague and variable "miscellaneous tax" that can reportedly tax transactions up to 55 percent, with opposition parties calling for a flat 20 percent tax on digital assets alongside a variety of other tax cuts.
Japan plans to implement crypto tax reform, with the possibility of lowering tax rates
2024-11-20 21:51:13
Bloomberg News Japan's Chief Aiishi Broken Shigeru Promise Conducted Bipartisan Discussiondesk3cryptocurrencydesktopCrypto News
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
日本计划进行加密税改革，或将降低税率Next article：
DCG成立专注于Bittensor的子公司Yuma，加倍投资去中心化AI
