New president Ishiba raises questions about corporate tax and financial income tax...what will happen?

Japanese economy
0001Flea market ★.Sep. 28, 2024 (Sat) 06:47:59.82ID:vYC4s7J39
In the LDP presidential election held on the 27th, former Secretary-General Shigeru Ishiba was elected as the new president. During the election campaign, comments regarding taxes attracted attention as to how economic policy would change. Two days before the announcement, he called for increased taxation on financial income, such as profits from stock sales. Also, on an internet program on the 21st, he said, “There is room to raise corporate tax.” “There are still corporations that have the capacity to bear the tax burden. “I would like to ask that people shoulder a little more of the burden,” he said, upholding the principle of ability-to-pay tax, saying that there is room to ask individuals who are able to pay to pay more in income tax as well. However, other candidates have pointed out that strengthening taxation on financial income goes against the trend of “from savings to investment” that the Kishida administration has been promoting, including the expansion of the NISA (tax-free small investment scheme), which exempts dividends and other profits from taxation. They were forced to explain, “We have no intention of increasing taxation on the new NISA and iDeCo (individual-type defined contribution pension plan).” In the first place, the strengthening of financial income taxation was announced by Prime Minister Kishida Fumio in 2021, which led to the “Kishida shock’’ in which stock prices fell sharply. Attention is focused on future responses, including explanations to the market. Regarding measures to combat rising prices, he said on a television program that “raising wages is the most immediate solution.” They also argue that fiscal reconstruction should be pursued, and are cautious about further extending subsidies for electricity and gas bills, which are scheduled to expire after October usage. On the other hand, the government will take emergency measures to address the impact of rising prices of daily necessities and rising mortgage interest rates. The government has also indicated its intention to submit a bill to amend the Subcontracting Act to the next ordinary session of the Diet in order to create an environment for wage increases and strengthen measures to prevent price pass-on. He also pledges to support companies in improving productivity and to raise the national minimum wage to 1,500 yen in the 2020s. This will be brought forward from the current administration’s target of the mid-2030s. The government plans to make escaping deflation its top priority by promoting investment, and its growth strategy is expected to continue Kishida’s line. Ishihara’s main focus is on regional revitalization, which he positions as a “catalyst for the Japanese economy.” Digital technology will help correct the over-concentration of businesses in Tokyo and encourage them to expand into regional areas, leading to job creation in those areas. The tourism industry will also be positioned as a pillar for revitalizing local economies. He has set the goal of establishing a “New Regional Economic and Living Environment Creation Headquarters” and will focus on tackling population decline. He also indicated his willingness to examine the merits and demerits of Abenomics, saying, “I also served as Secretary-General for two years (during the Abe administration).” The Cabinet Secretariat will consider establishing an organization to replace the current Council on Economic and Fiscal Policy, which will be responsible for responding to crises in the economy, finance, markets, and other areas. The aim is to strengthen cooperation with the Bank of Japan and overseas governments. Regarding energy policy, he initially claimed that he wanted to “get closer to zero nuclear power,” but has since corrected course, stating that “a stable energy supply is the lifeline of the nation.” He advocates promoting geothermal and small-scale hydroelectric power generation and maximizing energy conservation. [Yamashita Takashi]
Mainichi Shimbun 2024/9/27 15:43 (Last updated 9/27 16:21)
★12024/09/27 (Fri) 17:52:31.75
※Previous thread.

新総裁に石破氏 法人税、金融所得課税…ぶちあげた議論どうなる? [蚤の市★]
新総裁に石破氏 法人税、金融所得課税…ぶちあげた議論どうなる? | 毎日新聞
27日投開票の自民党総裁選で石破茂元幹事長が新総裁に選出された。総裁選出後の記者会見では、岸田文雄政権の経済政策を踏襲する姿勢を強調した。  「デフレからの脱却を確実にしていかなければならない。物価上昇を上回る賃金上昇を実現するために、新し...
0011Anonymous Donburako.Sep. 28, 2024 (Sat) 06:53:55.69ID:6cjgBc3o0
>>1
It would be hilarious if the corporate tax referred to a tax on religious corporations.
0003Anonymous Donburako.Sep. 28, 2024 (Sat) 06:48:37.36ID:1hPFBx9L0
s://i.imgur.com/iu7fpsd.jpg.
0004Anonymous Donburako.Sep. 28, 2024 (Sat) 06:49:55.50ID:ZNb2XktK0
Financial income tax at last.
0047Anonymous Donburako.Sep. 28, 2024 (Sat) 07:04:29.50ID:nfXZY5Mi0(1/12)
>>4
That’s bad.
I have to sell all my stocks!
I can’t believe I’m being taxed without any compensation for losses, it’s high risk with no return.
0007Anonymous Donburako.Sep. 28, 2024 (Sat) 06:52:22.77ID:K+FvZMCt0
Well, that’s fine.
0008Anonymous Donburako.Sep. 28, 2024 (Sat) 06:53:08.31ID:eFCUTMlZ0
If you obediently increase your campaign promise achievement rate, you’ll get crushed by the mass media like Saito did. The secret to lasting is to do things half-heartedly.
0009Anonymous Donburako.Sep. 28, 2024 (Sat) 06:53:19.72ID:5FHWfKD50
If we tax financial income, I think Japan will no longer be a financial nation and will have nothing left. How are you going to make a living?
Inbound tourists will get tired of you soon.
0010Anonymous Donburako.Sep. 28, 2024 (Sat) 06:53:27.52ID:Fp7AMz/Q0
Please impose a single tax on single people over 40. The declining birthrate is due to these people not getting married and living as they please.
0016Anonymous Donburako.Sep. 28, 2024 (Sat) 06:57:08.74ID:vQd3y2Hx0
>>10
Hey,
40-something single people are unmarried because they have low incomes
Where do they get tax from?
0012Anonymous Donburako.Sep. 28, 2024 (Sat) 06:54:18.78ID:1WnBfrdw0
It means that there was no major defeat in the election. The business community expected this. The Ministry of Finance is also smiling as Prime Minister Noda plans to increase the consumption tax. The business community expected this.
0013Anonymous Donburako.Sep. 28, 2024 (Sat) 06:55:01.71ID:tmn6/Jog0
But isn’t it Suga who is behind the scenes saying “we won’t investigate tax havens”?
If they suck money from ordinary people and leave the wealthy separate, the public will strongly rebel.
0014Anonymous Donburako.Sep. 28, 2024 (Sat) 06:55:06.56ID:/Jh38+Nz0(1/2)
30% corporate tax and 30% financial income too. I don’t think that’s possible though lol.
0026Anonymous Donburako.Sep. 28, 2024 (Sat) 06:59:44.01ID:4L7xhRbd0(1/2)
>>14
And the consumption tax is 30%.
0088Anonymous Donburako.Sep. 28, 2024 (Sat) 07:09:58.50ID:jdTMMihi0
>>14
Corporate tax is 45%.
0015Anonymous Donburako.Sep. 28, 2024 (Sat) 06:56:08.14ID:wbXopzMJ0
This will be a cold shower on companies that are returning home due to the weak yen.
0017Anonymous Donburako.Sep. 28, 2024 (Sat) 06:57:15.16ID:kuYSptG10(1/4)
First, increase taxes on religious corporations. There are people who are civil servants during the week but are priests on weekends.
0018Anonymous Donburako.Sep. 28, 2024 (Sat) 06:57:39.07ID:TKiYcyIH0(1/2)
Does tax on financial income mean NISA will be abolished?
I would welcome it.
0019Anonymous Donburako.Sep. 28, 2024 (Sat) 06:57:42.29ID:SLVRkcls0(1/6)
The declining birthrate is the result of low wages. The wealthier you are, the more likely you are to get married.
0021Anonymous Donburako.Sep. 28, 2024 (Sat) 06:58:27.84ID:oYaz8ppK0(1/3)
It’s ok to raise corporate taxes. The defense tax increase will have to come from that money. The people can’t afford anything else.
0023Anonymous Donburako.Sep. 28, 2024 (Sat) 06:59:30.37ID:2Y19aPbV0
I don’t know what to say about someone who is worse than Kishida.
0027Anonymous Donburako.Sep. 28, 2024 (Sat) 07:00:08.74ID:TKiYcyIH0(2/2)
>>23
Abe.
0024Anonymous Donburako.Sep. 28, 2024 (Sat) 06:59:32.18ID:oYaz8ppK0(2/3)
Financial income tax should be at a progressive rate.
0025Anonymous Donburako.Sep. 28, 2024 (Sat) 06:59:34.16ID:GuNvWs5a0
Since Japan has a low labor distribution rate, corporate taxes should be raised, and since there are tax breaks for NISA and iDeCo, it makes sense to increase taxes on other financial income as well.
0035Security Guard [lv.8] [Sprout].Sep. 28, 2024 (Sat) 07:02:43.76ID:L2GoeatA0(2/2)
>>25
I see, so NISA makes it possible to differentiate the burden on corporations and individuals.
0029Security guard [lv.6].Sep. 28, 2024 (Sat) 07:01:12.95ID:k8kn+CR00
Are there no politicians who can sort out these fraudulent businesses?
0031Anonymous Donburako.Sep. 28, 2024 (Sat) 07:01:46.63ID:NODYvFKq0
How can we raise wages with the strong yen?
0033Anonymous Donburako.Sep. 28, 2024 (Sat) 07:02:03.35ID:PvoKoa0U0
I would like to see the forced deportation of foreign criminals strengthened and welfare payments limited to Japanese people only.
0034Anonymous Donburako.Sep. 28, 2024 (Sat) 07:02:41.41ID:zTEkbMEz0
It’s going to change in an instant
It’ll be dyed in color
I guess I’ll buy as much as I can on Monday.
0037Anonymous Donburako.Sep. 28, 2024 (Sat) 07:02:52.37ID:i6CWPRCy0
Stop it, Ishiba.
0048Anonymous Donburako.Sep. 28, 2024 (Sat) 07:04:42.44ID:7Uti8SCP0
>>37
Loss him in the election.
0041Security Guard [lv.11].Sep. 28, 2024 (Sat) 07:03:26.49ID:gZbYyjGf0
This is going to be another recession. There’s nothing we can do about this guy.
0043Anonymous Donburako.Sep. 28, 2024 (Sat) 07:03:42.81ID:IN3wmT5r0
The LDP is finished \(^o^)/
They’re done for by electing someone who will lower their stock prices as president.
0059Anonymous Donburako.Sep. 28, 2024 (Sat) 07:06:27.42ID:nfXZY5Mi0(2/12)
>>43
Maybe the goal is to get people to sell stocks, lower the market capitalization of companies, and sell them off overseas.
The elderly want that too, and are happy about the financial income tax.
0108Anonymous Donburako.Sep. 28, 2024 (Sat) 07:11:38.01ID:GW54n7Vl0
>>43
If you hate Japan so much, why don’t you leave?
0044Anonymous Donburako.Sep. 28, 2024 (Sat) 07:03:56.55ID:BYUGFZBc0(1/4)
Now the self-economic sanctions begin♪.
0045Anonymous Donburako.Sep. 28, 2024 (Sat) 07:04:18.29ID:oDr/u1bi0
Consumption tax to 15%.
0050Anonymous Donburako.Sep. 28, 2024 (Sat) 07:05:24.88ID:XROAyzqW0
If he is elected Prime Minister and fails to dissolve the government within a short period of time, he will likely be forced to resign. It looks like things will turn out like this. The stock price is going to fall.
0052Anonymous Donburako.Sep. 28, 2024 (Sat) 07:05:42.56ID:cLvEiex+0(1/10)
Even though Kishida was being told no in terms of approval ratings, the LDP is finished because they let him hold the casting vote.
0054Anonymous Donburako.Sep. 28, 2024 (Sat) 07:06:15.07ID:TuQY20mz0
Financial income tax is crazy. If we’re going to do it, it should be a flat rate.
0079Anonymous Donburako.Sep. 28, 2024 (Sat) 07:09:11.73ID:nVSVQrlM0(1/6)
Since it’s Ishiba and Noda, there’s really no way out. Even if we cut taxes a little, they’ll join forces and raise taxes.
0086Anonymous Donburako.Sep. 28, 2024 (Sat) 07:09:44.40ID:cLvEiex+0(2/10)
The road to a lost Japan, with two successive prime ministers unpopular with the stock market.
Reference: https://asahi.5ch.net/test/read.cgi/newsplus/1727473679

Other languages: 新総裁に石破氏法人税、金融所得課税…ぶちあげた議論どうなる?, Sr. Ishiba, el nuevo presidente, impuesto de sociedades, impuesto sobre la renta financiera... ¿Qué pasará con el debate?

Comments

Copied title and URL