LDP Presidential race heats up: Ishiba advocates for higher financial income tax While Kobayashi 0pposes
Former LDP Secretary-General Shigeru Ishiba, who is a leading contender for the party’s top post, voiced strong support for increasing financial income tax during an appearance on BS Nippon Television on September 2nd. Ishiba argued that implementing such a tax was initially suggested by Prime Minister Fumio Kishida and expressed disappointment over what he perceives as a retreat from this policy. "I want to implement it," Ishiba declared, stressing the need for a serious discussion about the potential consequences. He acknowledged concerns that higher taxes might drive wealthy individuals to relocate abroad, yet maintained that a comprehensive debate is necessary to assess whether such an outcome would indeed materialize.