Japanese senator calls for changing the way virtual currency is taxed

According to CoinPost news, Japanese Senator Fujisawa Kenji recently launched the "Virtual Currency Tax System Change" campaign, paying attention to the current taxation system and proposing four main points. 1. Currently implemented (accumulated) "miscellaneous" The income "up to 55%, and the taxation of 20% is levied. 2. The sale and purchase of different virtual currencies is not taxed. 3. The loss of investment is taken as carry-over deduction 4. Small settlement is exempt from taxation. On the other hand, the “New Economic Alliance”, represented by Rakuten CEO Miki Hiroshi, submitted a new regulation on the encryption assets to the Minister of Finance. Their proposal also includes the “20% tax rate” proposed by Fujishiro Kenji.