Japanese Finance Minister: It is possible to impose a 110% tax on cryptocurrency, and not limited to cryptocurrency
Bitget2025/03/02 07:28
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According to Cryptopolitan, Japan's Finance Minister KATO Katsunobu mentioned the possibility of imposing a 110% tax rate on crypto assets (inheritance tax + income tax + residence tax = 110%) during a House of Representatives Budget Committee meeting. He stated that such a situation could indeed exist under current law and is "not limited to crypto assets", this tax rate "only applies in cases of extremely high profits".
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