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Japan Ruling Party Panel Warns Against Capital Gains Tax Changes

Nov. 24, 2022, 4:58 AM

Any review of Japan’s capital gains tax system should be approached with high levels of caution, according to recommendations from a key financial policy committee within the ruling Liberal Democratic Party.

Among reasons to move carefully, documents obtained by Bloomberg showed the LDP panel highlighted the potential impact on markets of any changes. Its view is likely to be influential for the corresponding tax committee’s proposals that will be put together around mid-next month.

The LDP tax panel’s views are often ultimately adopted by the government.

Prime Minister Fumio Kishida caused disquiet in markets when he mentioned raising the capital ...