It can’t be enforced, can it? Regulations are only “legit” if enforcement is practical. This seems to be the opposite of practical. Hop on a plane with the seed phrase. GTFO of Japan.

That’s insane!

Weird how countries with the worst monetary policies are most aggressive against Bitcoin

When the people of Japan start voting with their feet because of this, that nation will quickly change their tune.

I believe nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy talked about this on RHR. It’s closer to 50% but still awful.

To tax any asset inheritance at 100% is morally wrong. Much worse at 110%.

Anyone in Japan capable of critical thinking should by now have realized that the government is NOT there to help you. It’s quite the opposite.

Nah this is misleading. See the math here...

tl;dr In an extraordinary circumstance for BOTH the deceased & heirs asset allocation at the time of death, the tax rate may be very high, about 85%

https://www.reddit.com/r/JapanFinance/comments/188tb92/comment/kbow4z3/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button

this. too hard to enforce

Wtf is this?

All the relatives lost their bitcoin in boating accidents so nothing to inherit unfortunately

Pretty sure this was deemed incorrect on RHR. Something more like 55%, which is still insane, but not 110%

I'm not even taking this shit serious. If my jurisdiction would implement such tax or not, my children won't be paying dick. In 5-10 years one whole corn will be more valuable than the passport of a shit hole with predatory taxation any way.