2018-6-27 08:05 |
Japan’s top financial official is cautious about the idea of his nation changing how it taxes gains from cryptocurrencies.
Taro Aso, the deputy prime minister and minister of finance, said he was cautious about making such a change.
He cited the “international nature” of cryptocurrency as one reason why Japanese residents might dislike a change in tax classification.
The finance minister also said he was unsure about the “tax fairness” of implementing such a change.
At present, profits earned by investors in cryptocurrency can be taxed between 15 and 55 percent, due to the miscellaneous income rules, according to Bloomberg.
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