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Japan eyes tax incentive to redirect stock gains to startups

Angel investors encouraged to reinvest profits from trading

Japan plans to offer a tax incentive to redirect stock-trading proceeds toward startup investments.    © AP

TOKYO -- The Japanese government and ruling parties have agreed to offer a tax incentive to steer stock-trading proceeds toward startup investments.

Under the plan, up to 2 billion yen ($14.5 million) in stock-trading profits will be tax-exempt when reinvested in startups.

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