Panel mulls shelving tax break for small stock investment+

TOKYO, Nov. 26 Kyodo -
The government's tax panel on Thursday began to study the possibility of
shelving the implementation of a tax break for small-amount equity investment,
a measure the government of former Prime Minister Taro Aso decided to adopt in
2012 or later.

The previous government led by Aso decided in tax reforms for fiscal 2009 to
allow dividends or capital gains from investment in listed stocks worth up to 1
million yen a year or up to 5 million yen in five years to be tax free.
During a meeting of the Tax Commission, however, Senior Vice Finance Minister
Naoki Minezaki said it is doubtful if such a tax break would lead to spurring
the securities market as it was touted.
The tax break for small stock investment was proposed and decided to be adopted
as part of efforts to galvanize the sagging Japanese economy.
==Kyodo
2009-11-26 23:28:47