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Government To Discuss Financial Income Taxation Reform

JAPAN

Jiji reports that Japan's government and the ruling Liberal Democratic Party will discuss strengthening financial income taxation from next year. According to the agency, the issue will named a "matter of consideration" in the tax reform outline for the next fiscal year. While raising the capital gains tax is a controversial issue and Fumio Kishida shelved it after becoming Premier, he may return to the idea as part of his attempt to fulfil a campaign pledge to reduce income disparities.

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