TechFlow news, November 21 — According to Cointelegraph, Japanese Prime Minister Shigeru Ishiba pledged to initiate cross-party discussions on comprehensive tax reform, including unifying the cryptocurrency tax rate at 20%, replacing the current progressive "miscellaneous income" tax that can reach up to 55%. This economic stimulus package is expected to be approved by the end of 2024. The reform proposal also includes raising the personal tax-free income threshold from $6,650 to $11,345, along with reductions in fuel and sales taxes.
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