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Japanese Finance Minister: It is possible to impose a 110% tax on cryptocurrency, and not limited to cryptocurrency

Japanese Finance Minister: It is possible to impose a 110% tax on cryptocurrency, and not limited to cryptocurrency

Bitget2025/03/02 07:28

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".

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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