No plan to raise capital-gains tax: Japan PM KishidaReuters, TOKYOJapanese Prime Minister Fumio Kishida yesterday said that he would not seek to change the country’s taxes on capital gains and dividends, as he intends to pursue other steps for better wealth distribution, such as raising wages of medical workers. Kishida, who has vowed to rectify wealth disparities, previously said that reviewing those taxes would be an option in addressing income gaps. Kishida’s new stance indicates his concern about jitters in the stock market caused by the prospects of higher tax levies. “I have no plan to touch the financial income tax for the time being... Kishida’s Liberal Democratic Party makes no mention of reviewing taxes on capital gains and dividends in a draft campaign platform for the Oct. 31 general elections obtained by Reuters.

Source: Taipei Times October 10, 2021 15:56 UTC