Hight Tax Rate For Crypto Currency In Japan
Earning profit in crypto currency in Japan is a headache for the local residents, as they have to pay very high tax rate.
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The current tax rate in Japan for crypto currency is upto 55% which is huge. The finance minister of Japan supports blockchain and he wants the tax rates to be cut down.
According to bloomberg, the current tax rate for stock profit is 20% which is very less as compared to 55% in cryptocurrency.
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I'm glad to see countries who support crypto!
Crypto currency is the biggest revolution till now. One day or the other each country will accept it.
@dawnsheree
yes, one day they will.
Yes it will definately come and every one will want to adopt blockchain technology.
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