{"id":140247,"date":"2024-10-21T19:00:05","date_gmt":"2024-10-21T16:00:05","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140247"},"modified":"2024-10-21T14:55:01","modified_gmt":"2024-10-21T11:55:01","slug":"japanese-politician-proposes-20-tax-on-crypto-gains-to-boost-web3-growth","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/japanese-politician-proposes-20-tax-on-crypto-gains-to-boost-web3-growth\/","title":{"rendered":"Japanese Politician Proposes 20% Tax on Crypto Gains to Boost Web3 Growth"},"content":{"rendered":"

He urged<\/a> <\/strong>voters to support the DPP if they favor this approach, making his case on X (formerly Twitter) on October 20.<\/p>\n

Tamaki\u2019s DPP holds just seven of the 465 seats in the lower house of Japan\u2019s National Diet, making the realization of this plan uncertain. The proposed 20% tax would align crypto profits with the tax rate applied to stock market gains. Under Tamaki\u2019s plan, exchanging one crypto asset for another would not trigger a taxable event.<\/p>\n

Tamaki encouraged his supporters to spread awareness of the party\u2019s promises, while also hinting at potential future tax reductions on other financial income. He emphasized the party\u2019s commitment to establishing Japan as a leader in the Web3 space, with elections scheduled for October 27. The DPP\u2019s broader platform focuses on boosting wages to combat inflation.<\/p>\n