The Tax Commission’s Sub - Committee on Fundamental Issues met on April 18th 2003.
| The Tax Commission’s Sub - Committee on Fundamental Issues met on April 18th 2003. |
1. | A presentation was made by Tax Bureau staff on the subject of personal income tax. Issues of note in the discussion by Committee members which followed were: | |
| > | the relatively large allowances and deductions available to taxpayers in Japan compared to other major countries | |
| > | the fact that in Japan the basic personal allowance forms a relatively small part of the total allowances available to the average taxpayer and instead the proportion of lump－sum deductions (e.g. deduction for employment income) is large | |
| > | the relatively low taxation on pensions in Japan at present and the question of at what stage (contribution or receipt) pensions should be taxed | |
2. | Tax Bureau staff made a presentation on the subject of inheritance and gift taxes, including changes made in the FY2003 tax reform. Discussion by Committee members followed the presentation. | |
Records (in Japanese) of the meetings of the Tax Commission and its Sub－Committees | ||
Further details of the fiscal year 2003 tax reforms [English, Japanese] | ||
