Japanese Finance Minister, Masajuro Shiokawa called last week for a substantial reduction in the level of equity capital gains tax from its current rate of 20%, although he rejected proposals from the Japanese Business Federation to temporarily slash the tax to zero.
'I think the equity capital-gains rate needs to be lowered substantially, though I cannot support the idea that it should be zero for three years because it will hollow out the tax system,' he told reporters.
Speaking on Thursday, however, he admitted that there were no such plans in motion as yet.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment