Crypto business leaving Japan due to high tax, entrepreneur says

  • 📰 staronline
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 75%

Россия Новости Новости

Crypto business leaving Japan due to high tax, entrepreneur says
Россия Последние новости,Россия Последние новости

Japan should reduce corporate taxes on crypto to prevent entrepreneurs leaving the country, one of the nation’s most high-profile crypto businesspeople said.

“At least 20 or more” firms have opted to establish their crypto business abroad rather than Japan because of the high levy, said Sota Watanabe, CEO of Web3 infrastructure developer Stake Technologies Pte, in an interview on Monday.

Watanabe, who moved his own firm to Singapore in 2020, said he hopes Japan’s government will change the corporate levy next year. If that happens, he would like to bring his company back to his home country. It may take a few more years before Japan lowers income taxes for cryptocurrency gains made by individual investors, Watanabe said.

Watanabe joins others pushing for change. Crypto lobbying groups in Japan are asking the government to ease corporate tax rules that are seen to be stunting the local digital asset industry’s growth. – Bloomberg

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

staronline /  🏆 4. in RU
 

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

It will take 2 years for business to pick up, say night market traders | The Malaysian InsightIt will take 2 years for business to pick up, say night market traders | The Malaysian InsightIt will take 2 years for business to pick up, say night market traders
Источник: msianinsight - 🏆 8. / 63 Прочитайте больше »