The Japanese government has postponed a proposal for a withholding tax on the casino winnings of non-resident foreign gamblers following objections from ruling party lawmakers.
NHK reported today that the casino tax proposal will be delayed and possibly not included in a tax reform package for the 2020 financial year that is due at the end of this month.
The NHK quoted an unnamed Liberal Democratic Party (LDP) lawmaker as saying that “the burden on the business community will be considerable, and [the tax proposal] could reduce investment in Japan’s casinos”.
The report added that lawmakers from the LDP and coalition partner Komeito will no longer confirm casino tax provisions at a meeting on Thursday, and will instead continue “consideration” of the measures.
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