{"id":141279,"date":"2021-10-10T05:30:02","date_gmt":"2021-10-10T05:30:02","guid":{"rendered":"https:\/\/precoinnews.com\/?p=141279"},"modified":"2021-10-10T05:30:02","modified_gmt":"2021-10-10T05:30:02","slug":"japan-pm-kishida-says-has-no-plan-to-alter-capital-gains-dividend-taxes","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/japan-pm-kishida-says-has-no-plan-to-alter-capital-gains-dividend-taxes\/","title":{"rendered":"Japan PM Kishida says has no plan to alter capital-gains, dividend taxes"},"content":{"rendered":"<figcaption>FILE PHOTO: Japan&#8217;s new prime minister Fumio Kishida delivers his first policy speech at parliament in Tokyo, Japan, October 8, 2021.   REUTERS\/Kim Kyung-Hoon<\/figcaption><p>TOKYO (Reuters) &#8211; Japan\u2019s new Prime Minister, Fumio Kishida, said on Sunday he won\u2019t seek to change the country\u2019s taxes on capital gains and dividends for now as he intends to pursue other steps for better wealth distribution, such as raising wages of medical workers.<\/p>\n<p>Kishida, who has vowed to rectify wealth disparities, had previously said reviewing those taxes would be an option in addressing income gaps.<\/p>\n<p>Kishida took the top job in the world\u2019s third-largest economy on Monday, replacing Yoshihide Suga, who had seen his support undermined by surging COVID-19 infections.<\/p>\n<p>\u201cI have no plan to touch the financial income tax for the time being &#8230; There are many other things to tackle first,\u201d Kishida told a news programme on commercial broadcaster Fuji Television Network.<\/p>\n<p>\u201cMisunderstanding is spreading that I may do it soon. That will give unnecessary worry to people concerned if not dispelled firmly.\u201d<\/p>\n<p>Some investors have expressed concern that the new premier may press ahead with capital-gains tax hikes, signalling a turnaround from investor friendly economic policies pursued by Japan\u2019s longest-serving premier Shinzo Abe from 2013 to 2020.<\/p>\n<p>Japan\u2019s benchmark Nikkei average has declined 7% since Kishida won the ruling Liberal Democratic Party\u2019s (LDP) leadership election late last month, practically securing the post of premier by virtue of the LDP\u2019s parliamentary majority.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/japan-politics-taxation\/japan-pm-kishida-says-has-no-plan-to-alter-capital-gains-dividend-taxes-idUSKBN2H001H\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: Japan&#8217;s new prime minister Fumio<\/p>\n","protected":false},"author":3,"featured_media":141278,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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