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Ruling bloc unveils tax reform outline favorable to firms

TOKYO, Japan - Yuji Shimazu (C), chairman of the Tax Commission of the ruling Liberal Democratic Party, is seated for a plenary session of the panel at the party headquarters in Tokyo on Dec. 14. The LDP, joined later by its coalition partner New Komeito party unveiled a tax reform outline for fiscal 2007, featuring a series of tax breaks for companies and a pledge to address drastic tax reform, including raising the consumption tax, from late in 2007.

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(2)Ruling camp unveils tax reform outlines featuring tax hikes

TOKYO, Japan - Tsutomu Sakaguchi (L), chief of the new Komeito party's tax panel, and his Liberal Democratic Party counterpart Yuji Shimazu burst into laughter during a joint meeting of their panels in the Diet on Dec. 15. The ruling coalition later unveiled its tax reform outlines for fiscal 2005 featuring the halving of the 1999 fixed-rate income tax cuts at the national and local levels.

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Ruling camp unveils tax reform outlines featuring tax hikes

TOKYO, Japan - Yuji Shimazu, chairman of the Liberal Democratic Party Tax Research Council, addresses the panel's general meeting at the LDP headquarters in Tokyo on Dec. 15. Later the ruling coalition involving the new Komeito party unveiled its tax reform outlines for fiscal 2005 featuring the halving of the 1999 fixed-rate income tax cuts at the national and local levels, a move that would increase the taxpayer burden by as much as 145,000 yen a year.

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Coalition eyes higher tax on elderly in FY 2004

TOKYO, Japan - Yuji Shimazu (R), chairman of the Liberal Democratic Party's tax research council, speaks at a news conference at the party headquarters on Dec. 17. He unveiled a tax plan for fiscal 2004 that will toughen taxation on the elderly and raise a portion of the local income tax to secure more revenues for the debt-ridden public coffers.

E

(2)Ruling camp unveils tax reform outlines featuring tax hikes

TOKYO, Japan - Tsutomu Sakaguchi (L), chief of the new Komeito party's tax panel, and his Liberal Democratic Party counterpart Yuji Shimazu burst into laughter during a joint meeting of their panels in the Diet on Dec. 15. The ruling coalition later unveiled its tax reform outlines for fiscal 2005 featuring the halving of the 1999 fixed-rate income tax cuts at the national and local levels. (Kyodo)

E

Ruling bloc unveils tax reform outline favorable to firms

TOKYO, Japan - Yuji Shimazu (C), chairman of the Tax Commission of the ruling Liberal Democratic Party, is seated for a plenary session of the panel at the party headquarters in Tokyo on Dec. 14. The LDP, joined later by its coalition partner New Komeito party unveiled a tax reform outline for fiscal 2007, featuring a series of tax breaks for companies and a pledge to address drastic tax reform, including raising the consumption tax, from late in 2007. (Kyodo)

E

Ruling camp unveils tax reform outlines featuring tax hikes

TOKYO, Japan - Yuji Shimazu, chairman of the Liberal Democratic Party Tax Research Council, addresses the panel's general meeting at the LDP headquarters in Tokyo on Dec. 15. Later the ruling coalition involving the new Komeito party unveiled its tax reform outlines for fiscal 2005 featuring the halving of the 1999 fixed-rate income tax cuts at the national and local levels, a move that would increase the taxpayer burden by as much as 145,000 yen a year. (Kyodo)

E

Coalition eyes higher tax on elderly in FY 2004

TOKYO, Japan - Yuji Shimazu (R), chairman of the Liberal Democratic Party's tax research council, speaks at a news conference at the party headquarters on Dec. 17. He unveiled a tax plan for fiscal 2004 that will toughen taxation on the elderly and raise a portion of the local income tax to secure more revenues for the debt-ridden public coffers. (Kyodo)