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 in which people with higher incomes sometimes pay lower rates of tax. The coalition is expected to release the details of its tax plan Friday.
"We will fully take into account the need to avoid damaging the environment for ordinary investors, and consider the issue based on systems in other countries and the effect on markets,” the ruling parties said in the document.
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