Thank you for the detailed analysis and explanation. Having lived in Japan for so long, I know not to hold my breath, as the prospects for meaningful change are probably still pretty slim. I suspect that the recent election was, as you suspect, more of a spanking than a reprieve for the LDP.
The current corporate tax policy seems flawed, as the trickle-down benefits are likely to remain elusive.
As for the 1.03 million yen problem, choosing another number such as 1.78 million yen as the threshold is likely to be only a temporary solution. The tax code for relatively low-wage earners seems far too complicated and creates perverse incentives that end up thwarting productivity and squeezing the average family's household budget.
Thank you for the detailed analysis and explanation. Having lived in Japan for so long, I know not to hold my breath, as the prospects for meaningful change are probably still pretty slim. I suspect that the recent election was, as you suspect, more of a spanking than a reprieve for the LDP.
The current corporate tax policy seems flawed, as the trickle-down benefits are likely to remain elusive.
As for the 1.03 million yen problem, choosing another number such as 1.78 million yen as the threshold is likely to be only a temporary solution. The tax code for relatively low-wage earners seems far too complicated and creates perverse incentives that end up thwarting productivity and squeezing the average family's household budget.
i agree with the last paragraph