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Home»ETHEREUM NEWS»Japan pushes to promote Web3 by ending tax on unrealized cryptocurrency asset gains
ETHEREUM NEWS

Japan pushes to promote Web3 by ending tax on unrealized cryptocurrency asset gains

By Crypto FlexsDecember 25, 20231 Min Read
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Japan pushes to promote Web3 by ending tax on unrealized cryptocurrency asset gains
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Kaku Saito, chairman of the JCBA Tax Review Committee, said in an interview with JCBA Japan that Web3 companies have been relocating overseas because they are liable to pay taxes even before they make a profit from their activities. Companies had to pay taxes on unrealized profits, which forced them to sell assets and hindered business development.

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