Japan LDP Tax Head Mulling Capital Gains Levy Review by Year-End

Japan’s ruling party is mulling a review of the levy on capital gains toward the year-end, according to the party’s tax chief.

• Will keep an eye on moves in financial markets while considering a review of the tax, Yoichi Miyazawa, head of Liberal Democratic Party’s tax policy panel, tells reporters in Tokyo
• Must consider defense spending funding with a blank slate, but sales tax income can’t be used
• This year’s tax revisions will reflect the Kishida administration’s policies
• Will change tax-free investment programs as government tries to push people from saving toward investment; current NISA system may not be ...