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From the article:

"Japan's government will seek to scrap capital gains taxes for foreigners investing in Japanese companies through funds, in a bid to kick-start investment which has slowed amid the global economic downturn, the Nikkei business daily reported on Wednesday."

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Given the fact foreign firms currently pay around 40% on capital gains that is a surprisingly aggressive proposal. It will be interesting to see what happens if the bill passes in parliament.



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