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INTERVIEW: LDP to Mull Tax Relief for Digital Transformation

INTERVIEW: LDP to Mull Tax Relief for Digital Transformation

   Tokyo, Oct. 14 (Jiji Press)--The Japanese ruling Liberal Democratic Party's tax panel will consider tax incentives to promote digital transformation for society, its chairman, Akira Amari, said in an interview on Wednesday.
   "It's necessary to make server and software systems open, allowing everyone access to them via the cloud," said Amari, chairman of the LDP's Research Commission on the Tax System.
   Amari supported the government's plan to compile a fiscal 2020 third supplementary budget to launch additional economic stimulus measures, while indicating his opposition to a cut in the consumption tax rate.
   "Using the consumption tax, which is the baseload to protect the security of the public, as an economic measure is not appropriate," he said.
   On the fixed asset tax, he said the commission will discuss whether existing measures to ease burdens on taxpayers will be enough to cushion the financial impact of the coronavirus.

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AFP-JIJI PRESS NEWS JOURNAL


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