Japanese parliament submits petition for revision of cryptocurrency tax system to Japanese government

※ From 55% comprehensive taxation to 20% separate taxation

The fact that the tax problem of virtual currency has been going on for a long time is something that my readers have already known.

Representative Fujiwara Takeshi of the House of Councilors submitted a petition for the revision of the cryptocurrency tax system to the House of Representatives chairperson and House of Councilors chairperson.

Information is always important because taxes are directly linked to assets.

The debate on tax on cryptocurrency has long been debated in Japan.

Many people have called for tax reforms so far, but there are no plans to do so.

In order to change the current situation, Takeshi Fujimaki recently submitted a petition for the revision of the cryptocurrency tax system to the House of Representatives chair and the House of Councilors chairperson, using a system that allows the people to directly express requests for government affairs .

In the petition submitted this time, the tax system of cryptocurrency should be made appropriate in order to spread the cryptocurrency widely in society and to promote the development of blockchain technology. " As specific contents, the following four requests are written.

(I) Change the gain on trading of the cryptocurrency from a comprehensive tax of 55% at a maximum tax rate to a separate tax of 20%

Second, to enable carry-on deductions of cryptographic currency trading losses

Third, exempt from buying and selling cryptocurrency

4. Tax-free settlement of cryptocurrency in stores etc.

・ Separate taxation of 20% from comprehensive taxation of 55% of maximum tax rate

Specifically, Mr. Fujimaki

-As a matter of fact, cryptographic currency is almost not used as a means of payment

・ The National Tax Agency is responsible for proving that it is transferable income, but there is no clear proof

・ Despite the fact that cryptographic assets are regarded as transferable income in the latest textbook by Professor Kaneko of authority of the financial law, the National Tax Agency has not made any objections against it

They claim that cryptographic assets should be classified as transferable income if they can not be argued that they are not transferable income due to them, and change the total tax currently applied at 55% to a separate tax of 20% I am asking you to

Tax system revision required from the people

Since the tax system currently defined in Japan is a content that collects large taxes, and content that is considered not suitable for widely disseminating cryptocurrency as a means of payment, tax system reform is necessary. The demand for voice has been rising a lot from before.

Since the petition submitted this time is a request from the people to the national administration, it is considered to be particularly important among the cases of tax system revisions reported so far.

Japan has a tendency not to directly express its opinion on national policies, etc. compared to overseas, so in order to actually change the current tax system applied to virtual currency etc., this kind of effort is It can be said that it will become more important.

Currently, cryptographic currencies, including tax-related matters in Japan, are still vague.

● Bitcoin mining difficulty has updated the record high

Bitcoin delicacy updated its record high on the 27th!

Prices are rising, but competition among mining companies is intensifying.

Bitcoin mining difficulty is changed every two weeks to maintain block generation once every 10 minutes.

On the 27th, it surpassed its highest ever October 2018 level.

The bitcoin's hash rate was almost daily in June, reaching a record high.

The hash rate is the calculation speed per second and the mining speed when mining.

The higher the hash power, the better the mining machine's performance, and it can process more data per second.

When the mining speed of the machine increases, there are too many cryptocurrencies in the market, which can cause inflation.

In order to avoid such a situation, adjustment of mining difficulty is performed.