With the tax reform next year, the Liberal Democratic Party and the Komeito will decide on the tax reform outline on the 10th. We are planning to include raising it.
The Liberal Democratic Party and the Komeito Party held a general meeting of the Tax Commission on the 9th and approved the draft of the tax reform outline for the next fiscal year.
Under the "wage increase tax system," which supports companies that are proactive in raising wages, which was the main focus of this, the deduction rate to be deducted from corporate tax is up to 30% for large companies and the largest for small and medium-sized companies, depending on the status of the company's efforts. It will be raised to 40%.
On the other hand, we have decided to take measures to prevent corporate tax reductions such as the R & D tax system from being applied to large companies that are reluctant to raise wages.
In addition, the "mortgage tax exemption", which expires at the end of the year, has been extended for four years until the move-in in Reiwa 7 years, and the deduction rate, which is currently 1% of the loan balance at the end of the year, has been reduced to 0.7%. The period of receipt is 13 years for new homes and 10 years for existing homes.
On the other hand, regarding the taxation of wealthy people's financial income, as a future issue, "from the viewpoint of ensuring the fairness of the tax burden, we will comprehensively consider the impact on foreign systems and markets," but concluded. The time to get it was not specified.
The Liberal Democratic Party and the Komeito Party will meet on the afternoon of the 10th to decide the tax reform outline.