Japan is planning to cut the crypto world tax rate from 55% to 20%? The government's move is quite aggressive.

Question

[Chain News] Japan&#39;s recent actions are quite harsh - the government is preparing to cut the tax on Crypto Assets trading directly to a unified rate of 20%. Can you believe it? Currently, players in Japan have to pay up to 55% tax because they lump their crypto world earnings together with salary and business income, leading to increasingly outrageous taxes as income rises.The new policy is to change to "separate taxation". In simple terms, it means that the money earned from trading coins will be accounted for separately, not linked to your other income, and taxed directly at 20%. This treatment is on par with stock trading and mutual fund investments. The government aims to include this matter in the tax reform outline by 2026, and it should be finalized by the end of the year.More ruthless measures are on the way — the Financial Services Agency also plans to amend the Financial Instruments and Exchange Act to directly prohibit insider trading practices. Teams issuing coins will have to honestly disclose information in the future. If this series of measures is implemented, Japan may loosen restrictions on investment trust products that include Crypto Assets, effectively giving institutions a green light to enter the market.A direct cut from 55% to 20% is considered aggressive globally. Japan is determined to bring back the trading volume that has flowed overseas, while also giving a lifeline to local exchanges.

FloorPriceNightmare · Accepted Answer

Wow, Japan is really going to legalize the crypto world, cutting 55% down to 20%, it&#39;s directly To da moon.

DefiEngineerJack · Answer

well, *actually* if you look at the incentive structure here... japan's basically normalizing crypto taxation through formal verification of compliance frameworks. the 20% flat rate is empirically optimal compared to their progressive nightmare, ngl

StakeHouseDirector · Answer

Wow, Japan is really going to buy the dip in the crypto world this time. Cutting from 55% to 20% is too harsh!

retroactive_airdrop · Answer

Damn, Japan is poaching people, cutting 55% down to 20%, this price difference can make how many miners and traders run over... Once the institutional green light shines, the next round might really to da moon.

HappyToBeDumped · Answer

Wow, 55% down to 20%? Is Japan trying to make institutions go crazy for this? When will we get this benefit?