Japan considers proposal to exempt companies from tax on unrealized crypto gains

<p>Via a report in Japanee media, Nikkei, canvassing a proposal that would see companies in Japan no longer having to pay tax on unrealized cryptocurrency gains if they hold on to the digital assets</p><p>It's a proposal being discussed by the country's ruling coalition.
</p><ul><li>cryptocurrencies held for purposes other than short-term trading would be made exempt from corporate tax based on mark-to-market valuations at the end of each fiscal year.
</li><li>exemption will be included in the fiscal 2024 tax reform plan to be compiled this month</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.