TOKYO (Reuters) – The head of the tax panel for the Japanese political party Komeito, a junior coalition partner with the ruling Liberal Democratic Party (LDP), said on Tuesday a thorough debate is needed on a controversial plan to cut income tax.
Makoto Nishida, Komeito’s tax panel head, said that policymakers should not have a preset mind to limit the tax break to just a year.
Nishida was speaking to reporters as Prime Minister Fumio Kishiida of the LDP plans to adopt income tax cuts for the next fiscal year as part of a broader economic package to boost household incomes and consumption.
(Reporting by Tetsushi Kajimoto; Editing by Christian Schmollinger)
