web3 and the AI ​​field are LDP policies, and the LDP Policy Council approves the white paper

web3 white paper becomes ruling party policy

Masaaki Taira, a member of the House of Representatives of the Liberal Democratic Party, reported on the 13th that the “web3 white paper” and “AI white paper” had received approval at the Liberal Democratic Party Policy Research Council. By being recognized as a policy of the ruling party, it is expected to influence the government’s policy making.

Just now, I received approval from the Policy Research Council of the Liberal Democratic Party’s Policy Research Council.

Both PT’s web3 white papers and AI white papers have become the policies of the Liberal Democratic Party! !

Click here for details → https://t.co/AEN0AC7Bgv

— Masaaki Taira (@TAIRAMASAAKI) April 13, 2023

The Policy Research Council reports directly to the president, the LDP’s highest decision-making body, and is responsible for coordinating opinions with the Cabinet and deciding party policies. Comprehensive policy planning, receiving proposals from various policy committees, discussing their contents, and deciding policy directions.

The web3 project team (PT) of the Liberal Democratic Party’s Digital Society Promotion Headquarters released the “web3 white paper-towards an era where everyone can utilize digital assets-” on April 6.

This white paper is the second of the “NFT White Paper (policy proposal)” announced in March last year, which was the driving force behind the web3 policy being positioned by the government. It includes issues to start and deepen discussions with an eye on the development of the ecosystem, and progress monitoring of the NFT white paper recommendations.

In addition, the Liberal Democratic Party’s “AI Evolution and Implementation Project Team” released the “AI White Paper (Draft)” on March 30. Recommendations were compiled on domestic AI development infrastructure, AI utilization in government, AI utilization in the private sector, and AI regulations.

connection:Liberal Democratic Party web3PT publishes proposals on taxation of virtual currency transactions, etc.

Recommendations on tax reform

Regarding the “tax reform” that investors and business operators are paying attention to, the recommendations of the NFT White Paper have made a certain amount of progress. In December 2022, the “Ruling Party Tax Reform Outline” announced in December 2022 included measures to exclude tokens issued by the company from the period-end market valuation taxation.

Source: web3 white paper

The web3 white paper further states that the profits and losses related to crypto asset transactions are subject to separate taxation, that the profits and losses related to crypto asset transactions are subject to taxation at the time they are converted into fiat currency, and that third party tokens that are not for short-term trading are subject to tax at the end of the term. It is proposed to exempt them from mark-to-market taxation.

These proposals aim to improve the investment environment in Japan, promote the start-up of domestic blockchain-related businesses, and develop the web3 ecosystem.

The proposal to exclude third-party tokens that are not for short-term trading purposes from year-end market valuation taxation was first included in the “Urgent Proposal on Web3 Related Taxation” issued by the LDP Web3 project team in November 2022. This proposal was not adopted in the ruling party’s tax reform outline.

connection:The Liberal Democratic Party Web3PT aims for an urgent proposal on the virtual currency tax system, such as “subject to separate taxation at a tax rate of 20%”

The post web3 and the AI ​​field are LDP policies, and the LDP Policy Council approves the white paper appeared first on Our Bitcoin News.