As fiscal deficits continue, the government's Tax Commission will emphasize the importance of securing enough tax revenue to finance governmental spending, according to a draft of the commission's medium-term report on proposals for taxation.
The commission is an advisory panel to the prime minister that proposes medium- and long-term taxation systems. Its medium-term report will propose to the administration of Prime Minister Fumio Kishida that "all of society should share the necessary tax burdens."
As Kishida has rejected the idea of raising taxes to secure funding for measures to cope with the nation's declining birth rate, the report will likely cause a stir.
