Economic minister Heizo Takenaka told top ruling coalition policymakers Thursday that a plan to cut the effective tax rate for companies will be included in a tax reform package to be compiled by a key economic panel Friday.
Takenaka made the remark in a meeting with Taro Aso, chairman of the Liberal Democratic Party's Policy Research Council, and Aso's counterparts from New Komeito and the New Conservative Party, coalition lawmakers said.
The minister told the three that the package scheduled to be compiled by the Council on Economic and Fiscal Policy will also call for debate on reducing the inheritance tax as well as tax cuts aimed at promoting capital investment, the lawmakers said.