Big news! The Japanese Liberal Democratic Party has made a big move, and the crypto tax reform proposal has exploded the circle!
Japan wants to break the shackles of the 55% tax rate and officially join the ranks of crypto-friendly countries! The tax reform proposal put forward by the Liberal Democratic Party's Digital Society Promotion Headquarters has been approved by the Government Affairs Research Committee. The next possible tax reform direction will directly change the fate of Japan's Web3 industry!
Highlight 1: Tax reduction to 20%
Currently, crypto transactions are classified as miscellaneous income, with a tax rate of up to 55% (including resident tax). The new proposal suggests changing to a 20% "declaration separation taxation", which instantly reduces the tax burden by nearly two-thirds!
Highlight 2: Loss carry-forward deduction
No longer afraid of a bear market explosion! In the future, losses from crypto asset transactions can be carried forward for three years to offset income, directly alleviating the psychological and economic burden of investors and allowing the market to explode.
Highlight 3: Derivatives share policy dividends
Not only spot transactions, but also crypto asset derivative transactions can enjoy the declaration separation taxation system. This means that whether you play spot or leverage, there is a more friendly tax environment!
This wave of operations is by no means a simple tax reform, but a declaration of war on the global Web3 industry: Japan wants to take the trump card seat of the blockchain financial center! In comparison, the tax rate policies of the United States and the European Union appear too conservative.
Japan is opening the door to retail investors, institutions and even Web3 entrepreneurs. If the tax reform is implemented, Japan may become the gravitational field of Asian crypto finance, triggering global capital inflows. For brothers holding BTC and ETH, this is definitely a great benefit!
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