NVDA
NVIDIA
-- 105.516 TSLA
Tesla
-- 255.570 PLTR
Palantir
-- 83.377 AMZN
Amazon
-- 188.700 GOOG
Alphabet-C
-- 155.070 
Key to tax reform: How to balance burden reduction and fiscal sustainability ①
The barrier of 1.03 million yen annual income
Current: Income tax incurred on income exceeding 1.03 million yen.
Proposal: Raise the deduction amount to 1.78 million yen.
Points of discussion: Criteria (minimum wage or inflation rate), response to decrease in tax revenue, review of dependent deduction.
Reduction in gasoline tax
Current: 53.8 yen per liter (25.1 yen additional).
Points of discussion: Abolishing the additional charge, lifting the trigger clause, measures to address the decrease in tax revenue.
Reduction in housing loan tax
Current: Reducing the borrowing limit based on energy-saving performance.
Issue: Extending preferential treatment for the child-rearing generation.
Revision of dependent deduction.
Proposal: Income tax deduction 0.38 million yen → 0.25 million yen, resident tax deduction 0.33 million yen → 0.12 million yen.
Background: Expansion of child allowance for high school students.
Increasing the limit amount for iDeCo.
Current: Full subscription amount is income deduction.
Issue: Increasing the limit amount reflecting price and wage increases.
⑥ Taxation of retirement benefits
Current: Deduction increase after 20 years of service.
Topic: System revision in response to increase in job changes.
⑦ Tax incentives for small and medium-sized enterprises
Current: Tax rate of 15% up to 8 million yen.
Topic: Continuation of preferential treatment or narrowing down of eligible companies.
⑧ Start date of defense tax increase
Background: Secure 1 trillion yen by the fiscal year 2027.
Topic: Setting the timing of the tax increase.
Reconsidering the barrier of 1.03 million yen annual income and discussions on gasoline tax reduction are important issues directly affecting the lives of the people.
Particularly, increasing the deduction amount reduces the tax burden on low-income groups, but the impact of reduced tax revenue on local finances and welfare cannot be ignored.
On the other hand, the revival of the trigger clause for gasoline tax is effective as a measure against high prices, but there are concerns about backtracking on measures for global warming.
Amid many policies that prioritize child-rearing support such as dependent deductions and housing loan tax breaks, the coherence between policies is required.
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