LDP agrees on 1.5 mil. yen income cap for spousal tax deduction

LDP agrees on 1.5 mil. yen income cap for spousal tax deduction

The Liberal Democratic Party's tax commission chief Yoichi Miyazawa speaks at a commission meeting in Tokyo on Nov. 24, 2016. The LDP basically agreed to raise the income threshold for the spousal tax deduction system to 1.5 million yen ($13,300) from 1.03 million yen to encourage greater workforce participation by women. (Kyodo) ==Kyodo

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