Japan LDP leadership hopefuls spar over higher investment income tax

Ishiba calls for fairer system, while opponents worry about discouraging investment

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Japan's flat tax on financial income tends to lead to a lower effective tax rate for wealthier people. (Photo by Arisa Moriyama)

SUSUMU KURONUMA, Nikkei staff writer

TOKYO -- The idea of imposing a heavier tax on investment income from such sources as dividends and stock trading has returned as a point of contention in this month's race for the presidency of Japan's ruling party.

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