Home Markets Japan to consider debating hike to capital gains tax next year -media

Japan to consider debating hike to capital gains tax next year -media

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People walk at a crossing in Shibuya shopping area, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan August 7, 2021. REUTERS/Androniki Christodoulou

  • PM Kishida shelves review on financial tax for now
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  • Some investors worry about impacts on stock market

TOKYO, Nov 17 (Reuters) – Japan’s government and ruling party will consider debating next year an increase to the country’s capital gains tax as part of efforts to address income disparities, Jiji news agency reported.

The issue will be flagged as one of the key themes for debate in an outline for next fiscal year’s tax reform, which will be compiled by the government and the ruling party by year-end, Jiji said without identifying its sources.

Prime Minister Fumio Kishida, who has made wealth redistribution his main policy agenda, had previously flagged the possibility of raising Japan’s taxes on capital gains and dividends.

But he walked the…

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