TechFlow news, December 20 — According to Coinpost, on the 19th, Yoshihisa Shiozaki, head of the Web3 Task Force under the Liberal Democratic Party's Headquarters for Promoting a Digital Society, reported that the LDP's Policy Research Council officially approved the "Emergency Proposal Regarding Converting Cryptographic Assets into Beneficial National Economic Assets."
The report points out that under the current tax system, income generated from cryptocurrency transactions is classified as miscellaneous income and subject to comprehensive taxation at a maximum rate of 55% (combined income tax and resident tax), which is stricter than treatment in other countries.
In light of this, and considering whether crypto assets should be regarded as financial assets suitable for public investment, the following measures should be considered:
- Change gains and losses from crypto asset transactions to a "separate reporting taxation" system with a flat tax rate of 20%
- Allow losses incurred from crypto asset transactions to be carried forward and offset against future gains (usable within three years)
- Apply the "separate reporting taxation" system to crypto derivatives trading as well
