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Some of Japan‘s most significant businesses have actually asked the country’s federal government to make crypto tax reforms, as the nation continues to pivot to Web3 and crypto.
Per an official Japan Association of New Economy (JANE) announcement, the team has actually sent a tax reform proposition to Tokyo.
JANE has actually asked the federal government to “reduce tax rates” in 2024 to “encourage growth and increase tax revenue.”
The demand describes different types of tax, yet likewise makes particular reference of crypto-related tax obligations and Web3 development.
The demand specifies that the present crypto tax system is triggering “promising Web3 companies” to leave the nation.”
JANE likewise advised that if actions were not required to alleviate the circumstance, Japan can be “left behind” in the Web3 field.
And JANE asserted that …
