#japon
Japan 🇯🇵is considering a higher tax on excessive cryptocurrency gains
According to PANews, Japanese Finance Minister Kato Katsunobu mentioned the potential imposition of a 110% tax rate on cryptocurrency assets during a meeting of the House of Representatives' budget committee. This rate, which combines inheritance tax, income tax, and resident tax, could be applied under current laws. Kato emphasized that this high tax rate is not exclusive to cryptocurrency assets and would only apply in cases of exceptionally high profits.