Strengthening of financial income tax, not strongly considered at the moment: Prime Minister Ishiba

7 October Prime Minister Shigeru Ishiba (pictured) said in a question with a representative from the House of Representatives on the 7th that he is not considering in particular strengthening the financial income tax. The picture was taken in Tokyo on 4th (2024, Reuters/Kim Kyung-Hoon)

TOKYO (Reuters) – Prime Minister Shigeru Ishiba said in a question asked by representatives of the House of Representatives on the 7th that he was not particularly considering strengthening the financial income tax. Reply to Representative Harumi Yoshida of the Constitutional Democratic Party.

He said that the increase in the corporate tax rate was discussed by the ruling party’s tax system investigation committee, and he stated that it would be discussed from the point of view of what would be effective.

Asked whether he would raise taxes to increase defense spending to 2% of gross domestic product (GDP), he said necessary tax measures would be decided in an appropriate manner through close cooperation between Tax Commission of the ruling party and the government. said.

Furthermore, in response to questions from Ritmin representative Yoshihiko Noda and others, he said that his theory on creating an Asian version of the North Atlantic Treaty Organization (NATO) is “I am not a “thinking it will happen overnight,” indicates that it is a long-term goal.

Regarding political activity funds donated from political parties to individual members, he said, “We will work to ensure transparency and we will consider ways to eliminate them in the future.”

“We will carefully assess the situation and discuss future economic measures in terms of price measures, including energy costs,” he said, noting that energy subsidies could to be extended, which is expected to be phased out from the end of October.

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