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The Main Committee of the Tax Commission met on 22nd April 2003.

The Main Committee of the Tax Commission
met on 22nd April 2003.

1.

   The proceedings of the Sub-Committee on Fundamental Issues were explained and discussed, as follows:
> Professor Ishi, as Chairman of the Sub-Committee, and Tax Bureau staff explained the debate on the subjects of personal income tax and inheritance tax, and these were discussed.
> Soumusho staff explained the debate on the subject of local taxation (including extending the tax autonomy of local governments), and this was discussed.
> Professor Ishi explained the presentation given in the Sub-Committee on the subject of global warming.
> Tax Bureau staff explained the relationship between the non-performing loans problem and the tax system.

2.

   The proceedings of the Sub-Committee on the Taxation of Financial Assets were explained and discussed, as follows:
> Committee member Professor Nakazato and Tax Bureau staff explained the debate and state-of-play in the Sub-Committee’s discussions.

3.

   Forthcoming meetings of the Tax Commission and its Sub-Committees were announced:
> Committee member Professor Nakazato and Tax Bureau staff explained the debate and state-of-play in the Sub-Committee’s discussions.

13th May 2003: Sub-Committee on Fundamental Issues
16th May 2003: Sub-Committee on the Taxation of Financial Assets
27th May 2003: Main Committee

Records (in Japanese) of the meetings of the Tax Commission and its Sub-Committees can be found at http://pbcms.mof.go.jp/jouhou/syuzei/sy012.htm

Further details of the fiscal year 2003 tax reforms can be found in English at
http://pbcms.mof.go.jp/wce/jsp/tax2003/tax2003_tr.htm
Japanese documents, which go into more detail, can be found at http://pbcms.mof.go.jp/jouhou/syuzei/syuzei04.htm