Japan should avoid rushing into raising capital gains tax as doing so could send a wrong message to markets when Japan is encouraging financial investment, a senior government official said on Sunday.
"Strengthening taxation could send a wrong signal that runs counter to our aim of expanding investment," Deputy Chief Cabinet Secretary Seiji Kihara said in a programme on broadcaster FNN, referring to capital gains tax.
In Japan, differences between the income tax and capital gains tax rates causes what is known as the wall of 100 million yen, at which the effective tax rate on financial investment income starts to decline. Separately, Kihara said the government was committed to boosting defence even though the funding for it was still in question, especially after a five-year spending plan ends in 2027.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Damian Lillard Set For Sunday Return Vs PacersDamian Lillard Set For Sunday Return Vs Pacers - RealGM Wiretap
Read more »
Kent fire chief says efforts to fully extinguish mill fire may stretch to SundayThe former Star of the West Mill Complex in Downtown Kent was on fire Friday morning. Witness video showed fire crews battling the flames of a major structure fire.
Read more »
Rams QB Matthew Stafford clears concussion protocol, won’t play SundayRams quarterback John Wolford will get the start over Bryce Perkins on Sunday against the Seattle Seahawks as Stafford will sit out with a neck injury
Read more »
Will Jaguars have Travis Etienne Sunday in Detroit?Jaguars’ running back Travis Etienne was limited in practice for the third straight day on Friday and was listed as questionable for Sunday’s game in Detroit against the Lions.
Read more »
Eagles rule out Robert Quinn and C.J. Gardner-Johnson for Sunday; Jordan Davis hopes to playGardner-Johnson is out with a lacerated kidney, while Quinn is dealing with a knee injury. Coach Nick Sirianni said Davis is 'looking good' as he aims to return.
Read more »