Previously, pro-crypto groups and companies were asking for changes in the tax rulings in the country, as high corporate taxes affected the growth of Web3 and crypto companies negatively, causing them to relocate to countries like Singapore. The corporate tax from unrealized gains and profit fromAs for now, FAS wants to expand the break initiative by raising current investment limits and making the program permanent.
The initiative was designed to incentivize citizens to put their savings into the country's economy or any other investment tools that would help the Japanese economy to return to its previous growth rate. According to Bank of Japan data, the majority of citizens have their financial assets in cash and deposits, which is worth roughly $14.5 trillion, or 2 quadrillion yen.Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.
Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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