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Report: China’s Bitcoin Hashrate Dominance Dives, ‘North America Could Steal the Lead’
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Japan Wants to Scrap Its Progressive Crypto Tax Rate
Cryptocurrency traders in Japan currently can be taxed as high as 55% on their profits. However, the country’s Deputy Prime Minister, Taro Aso, wants to change how crypto transactions are taxed, from a progressive rate to a uniform rate. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Aso Wants to Change Crypto Taxation The Japanese […]
The post Japan Wants to Scrap Its Progressive Crypto Tax Rate appeared first on Bitcoin News.
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Japanese Crypto Investors Flee Capital Gains Taxation of up to 55%
Reports have indicated that some investors are relocating in search of alternative taxation regimes in order to avoid heavy capital gains taxes. Japan currently taxes capital gains on profits derived through virtual currency trading at between 15% and 55%. Also Read: India’s Tax Department Issues Notices to 100,000 Crypto Investors Japanese Crypto Traders Prepare for Tax […]
The post Japanese Crypto Investors Flee Capital Gains Taxation of up to 55% appeared first on Bitcoin News.
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