Japan’s Ruling Coalition to Seek Fairer Capital Gains Tax
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Japan’s ruling coalition sees a need to review financial capital gains taxes to ensure fairness, but wants to avoid putting off ordinary investors, according to a copy of the party’s fiscal 2022 tax plan seen by Bloomberg.
The ruling parties said in the document there was a need to consider rectifying a situation where people with higher incomes sometimes pay lower rates of tax. The coalition is expected to release the details of its tax plan Friday.