Japanese PM Ishiba maintains 20% flat capital gains tax, opting against raising it.

Japanese Prime Minister Shigeru Ishiba has ruled out raising the capital gains tax, keeping it at a flat 20%. He emphasized that this rate aids in reducing the tax burden for high-income earners who benefit more from investments compared to the progressive tax rates on salaries that reach 45%. Ishiba's decision reflects a focus on encouraging investment without immediate plans to change the current tax structure.

October 07, 2024
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