Ruling parties press ahead with tax reform though talks with opposition continue

Posted on by Tobias S. Harris
key takeaways
  • Despite their inability to reach an agreement with the Democratic Party for the People (DPFP) on the income tax exemption threshold, the Liberal Democratic Party (LDP) and Kōmeitō finalized the FY2025 tax reform plan.
  • The ruling parties still need to convince at least one of the main opposition parties to support the FY2025 budget, and talks will continue with the DPFP as well as Ishin no Kai, which has suggested it could be willing to support the budget.
12.20.24 Ruling parties press ahead with tax reform, as talks with opposition continueDownload

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