Japan opposition vows to tax the rich in election platform

The main opposition Constitutional Democratic Party of Japan will pledge to increase taxes on rich individuals and large companies while easing the burden on lower- and middle-income households in its campaign platform for the general election this month, party sources said Monday.The CDPJ will call for a temporary lowering of the consumption tax from the current 10 percent to 5 percent and will effectively exempt people who earn less than around 10 million yen ($88,550) annually from paying income tax, according to the sources.The party apparently aims to one-up Prime Minister Fumio Kishid…READ FULL ARTICLE