A government tax panel plans to compile recommendations regarding taxation on securities transactions by the end of this year, with an eye to introducing a comprehensive tax system with a broader basis.
"A subcommittee (on stock transaction taxation) will start discussions next month, and we plan to draw a conclusion by the end of this year," said Hiromitsu Ishi, chairman of the Tax Commission.
"We will promote discussion again on whether to introduce a comprehensive tax system," he said.