The tax panel of the ruling Liberal Democratic Party agreed Thursday on its draft tax revision proposals in response to the government's emergency economic package compiled April 6.
The LDP draft calls for the introduction of tax relief measures for individual stock investors but postpones tax breaks related to land transactions and a controversial stock-buying entity that would absorb banks' cross-held shares.
After discussion Thursday morning at the LDP's Tax System Research Council, Sohei Miyashita, chairman of the panel's subcommittee, said the panel will continue to discuss shelved issues after details of the economic package are worked out by the new administration.