Editorial

15:00 JST, December 21, 2024

If the tax system is changed, there will be those who will benefit from it and those who will have more of a burden to bear. The role of politics is to decide on a tax system that is balanced in accordance with the ability of each individual to bear the burden.

Simply advocating large-scale tax cuts without considering the fiscal sources is nothing more than populism. The current debate over the “¥1.03 million barrier” should serve as an opportunity to consider what a fair tax burden should be.

The Liberal Democratic Party and its coalition partner Komeito have decided on the outline of the tax system reform for fiscal 2025.

The outline clearly states the policy of raising the ¥1.03 million annual income threshold for the imposition of income tax to ¥1.23 million starting in 2025. This is based on the fact........

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