Potential Kingmaker for Japan Ishiba Wants Worker Tax Breaks [Yahoo! Finance Canada]
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)
US:NYSE Investor Relations:
smfg.co.jp/english/investor
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Source: Yahoo! Finance Canada
Most Read from Bloomberg After the ruling coalition's dismal performance in Sunday's election, Ishiba needs to find allies ahead of a vote next month, and the spotlight has fallen on the Democratic Party for the People. The group, headed by Yuichiro Tamaki, quadrupled its presence in parliament after campaigning on a policy of expanding tax-free income allowances for part-time workers. The DPP's 28 votes would be the easiest path to a majority for Ishiba's Liberal Democratic Party and its coalition partner Komeito, which together fell 18 seats short of the 233 required to pass legislation. While Japan is struggling with the biggest debt load in the developed world, accepting a loss of revenue in return for support may be the most realistic way forward. Tamaki wants to raise the ceiling on tax-free annual income for part-time workers from ¥1.03 million ($6,700) to ¥1.78 million. He says this would encourage part-time staff to work longer hours as they wouldn't have to pay income
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Sec Filings
- 11/14/24 - Form 6-K
- 11/14/24 - Form 6-K
- 11/14/24 - Form 6-K
- SMFG's page on the SEC website