The Liberal Democratic Party-New Komeito ruling bloc agreed Monday to end the special corporate tax surcharge levied to finance the reconstruction of the disaster-hit Tohoku region one year earlier than planned, but will keep the levy added to personal income taxes for 25 years.

“The government will compile its stimulus plan based on the decision to terminate the special surcharge (on corporations),” Takeshi Noda, who heads the LDP tax panel, told reporters after meeting with New Komeito.

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