OSAKA -- The Osaka chapter of the Liberal Democratic Party on Thursday submitted a bill that would impose a tax of between 2 percent and 3 percent on the gross profits of large banks in the prefecture.
The bill was submitted on the final day of the March session of the prefectural assembly. It was modeled on Tokyo Gov. Shintaro Ishihara's controversial plan, which was approved by the Tokyo Metropolitan Assembly the same day.
The bill will be carried over to the next session, which opens in September, because the assembly session was not extended.