财政部放宽威胁Strategy比特币持仓的税收规则

投资观察
Oct 01, 2025

财政部周二晚间表示,将软化一项拟议的税收规则,该规则可能迫使Strategy就其比特币持仓的未实现资本收益缴纳数十亿美元税款。

这一潜在税务责任源于企业替代最低税(CAMT),即对大型企业财务报表收入征收的15%最低税,该税种由总统拜登于2022年签署成为法律。在周二的通知发布之前,CAMT规则原本会将未实现数字资产收益纳入收入,但排除股票的未实现收益。

Strategy(前身为MicroStrategy)已部分转型为押注比特币的公司。根据证券申报文件,该公司持有价值730亿美元的加密货币,其中约260亿美元为未实现收益。该公司一直在就潜在税务责任向投资者发出警告,并要求财政部予以阻止。

财政部指引还软化了一些针对航运公司、受监管公用事业和保险公司的拟议CAMT规则。各公司一直抱怨CAMT的复杂性和潜在意外后果,特朗普政府对这些担忧比其民主党前任更加重视。

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