China News Service, December 9th. According to Kyodo News, Japanese Prime Minister Fumio Kishida stated on the 8th that in order to fundamentally strengthen and maintain defense capabilities, about 4 trillion yen (about 204 billion yuan) will be needed each year from 2027. Yuan), of which more than 1 trillion yen is planned to be raised through tax increases.
Kishida explained that the tax increase will be implemented in stages over several years, and there will be no tax increase next year.
Taking into account the current situation of the family economy facing rising prices, Kishida made it clear that "it will not take measures to increase the burden of personal income tax."
Discussions are expected to focus on raising the corporate income tax.
It is reported that Kishida attended the policy meeting held by the government and the ruling party on the 8th.
In order to increase defense expenditures in stages from fiscal 2023 and secure a total of approximately 43 trillion yen in the five years to fiscal 2027, the idea of securing financial resources is proposed.
He instructed the tax system survey of the ruling party to discuss the tax items, methods and implementation time of tax increases.
According to the report, the financial resources will be raised through four methods: tax increase, fiscal expenditure reform, final account surplus, and newly created "defense strengthening fund".
The Defense Enhancement Fund is a framework for pooling special accounting surplus funds and proceeds from the sale of state-owned assets for defense expenses.