According to the latest reports, Japan’s Financial Services Agency (FSA) is proposing easy corporate tax laws for crypto assets and individual stock investors. It is noteworthy that these proposals have been pushed to help Prime Minister Fumio Kishida’s push to revitalize Japan’s economy.
The financial regulator reportedly said firms must be exempted from paying taxes for paper gains on crypto that they hold after issuing them. The regulator also wants more support for programs offering tax breaks to individual investors.
PM Kishida’s plan called “New Capitalism” promises household wealth and boosting Japan’s Web3 sector.
The tax authority of Japan’s ruling Liberal Democratic Party will decide near the end of the year after studying proposals from government offices. The current move is an extension to Japan’s recent proposals to change crypto tax laws that are applicable for corporations.
