TOKYO -- Japan is considering reducing income tax to attract international talent in the financial sector, said Yasutoshi Nishimura, minister in charge of fiscal policy and economic revitalization, on Wednesday.
To lure international asset management companies and talent in the financial sector, Japan would "consider treating part of investment profits as financial income," said Nishimura in a session at the Nikkei event "International Financial Hub -- Japan’s Role." The new policies would be included in the 2021 tax reform outline, to be drafted this month.
