Society | Dec 06

Japan weighs ending tax on some corporate crypto holdings

Move aims to stem flow of startups choosing Singapore, Dubai over Tokyo

TOKYO, Dec 06 (Nikkei) - Companies in Japan would no longer have to pay tax on unrealized cryptocurrency gains if they hold on to the digital assets under a proposal being discussed by the country's ruling coalition.

Under the proposed tax code change, cryptocurrencies held for purposes other than short-term trading would be made exempt from corporate tax based on mark-to-market valuations at the end of each fiscal year. ...continue reading


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