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 (US$14.5 million) in stock-trading profits will be tax-exempt when reinvested in startups.
The new incentives will be included in fiscal 2023 tax policy guidelines to be compiled this week. Prime Minister Fumio Kishida has singled out the nurturing of startups as a priority under his “new capitalism” economic policy.