🚀 **Crypto Tax Cut in Japan?** 🇯🇵
Yuichiro Tamaki, leader of Japan’s Democratic Party for the People (DPP), has promised to slash crypto tax to 20% if elected. Currently, crypto gains can be taxed up to 55% as miscellaneous income. Tamaki’s plan aims to align crypto taxes with stock trading, which maxes out at 20%.
Key Points:
- **Tax Reduction**: Crypto gains to be taxed at 20%.
- **No Tax on Crypto-to-Crypto Trades**.
- **Boosting Economy**: Using NFTs and crypto to revitalize local economies.
- **Increased Leverage**: From 2x to 10x.
- **Crypto ETFs**: Introduction of exchange-traded funds.
What do you think? Share your thoughts below! 💬