Japan Plans Tax Expansion on Super-Rich, NHK Says

Japan’s government and ruling parties are making arrangements to expand the scope of taxation for the super-rich, public broadcaster NHK reports without attribution.

• Plan to widen the relevant tax bracket from annual income of 3b yen and above to 600m yen and above
• See number of people subject increasing from ~200-300 to ~2,000
• Tax seen applying to income from fiscal 2027
• Related Story: Japan Mulls Hiking Income Tax for Defense From 2027, Asahi Says

To contact the reporter on this story:
Sarah Hilton in Tokyo at shilton20@bloomberg.net

To contact the editor responsible for this story:
Go Onomitsu at gonomitsu@bloomberg.net

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