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Japan’s Kishida says tax aid to firms which raise wages a priority in wealth redistribution By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO Fumio Kirishida is Japan’s prime Minister, speaking during a press conference held at Tokyo’s official residence, Tokyo on October 4, 2021. Toru Hanai/Pool via REUTERS/File photo

TOKYO (Reuters), – Fumio, Japan’s Prime Minister, stated Monday that the government would prioritise tax reforms to help companies raise their wages and redistribute wealth more to households.

When Kishida was asked about the possibility of increasing Japan’s capital gain tax, he replied that it was among the options.

He said that there were other matters we need to do, such as reforming our tax system in order to increase wages. The government may also consider tax incentives for companies who boost their earnings.

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